Multifamily Property with
For Sale
$1,599,000
255 Cambridge St, Boston, MA 02134
Boston multifamily property with fenced exterior space, off-street parking, storage, and gas-fired heating and water heating.
Property Size3,828 SF
Price / SF$417.71
Days on Market11
Property Features for 255 Cambridge St
General Information
Standard status
Active
Size
3,828 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
R3
Net Operating Income
$109,800
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$14,441
Amenities
Park
Natural Gas, Baseboard
Full
Range, Refrigerator, Gas Water Heater
Storage
Fenced
Paved, Off Street
Balcony
Building Details
Building Size
3,828 SF
Year Built
1905
Stories
3
Listing Agency:
Keller Williams Realty Boston South West
(781) 414-9550
Listed By:
Chris Yang
(781) 414-9550
Source:
Evrealestate
Added: Aug 4
Changed: Aug 14
Last Checked: Aug 14 at 4:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Boston South West
Investment Insights
Based on property information with market context.
This multifamily property at 255 Cambridge St in Boston was built in 1905 and is designated R3. The 3,828 SF property includes baseboard heating, natural gas service, a gas water heater, a range, refrigerator, and storage. Exterior features include a fenced area, paved off-street parking, and a balcony.
The property is in Suffolk County and is identified as approximately one minute from Highway 90. Its established construction date, residential zoning, and combination of interior storage and exterior features provide a clear physical profile for multifamily ownership or occupancy.
The property is in Suffolk County and is identified as approximately one minute from Highway 90. Its established construction date, residential zoning, and combination of interior storage and exterior features provide a clear physical profile for multifamily ownership or occupancy.
Key Highlights
- 3,828 SF multifamily property at 255 Cambridge St, Boston, MA 02134
- R3 zoning in Suffolk County
- Built in 1905
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,928
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,798,560
$1.8M
Cap Rate 7%
$1,284,686
$1.3M
Cap Rate 9%
$999,200
$999.2K
Market Conditions
NOI Build-Up for 3,828 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$170.0K $44.40/SF
− Vacancy
−$6.5K −$1.69/SF
EGI
$163.5K $42.71/SF
− OpEx
−$73.6K −$19.22/SF
NOI
$89.9K $23.49/SF
Area
Boston, MA
Vacancy
3.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,798,560
Cap Rate 7%
$1,284,686
Cap Rate 9%
$999,200
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,928 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.87M
$2.51M – $3.34M
NOI $200,648 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,501
Businesses Nearby
Explore this area
Business Placement
Demographics for 02134, MA
21,707
Population
9,027
Households
2.4
Avg Household Size
27
Median Age
76%
College-Educated
96%
High-School Grad
1.2 sq mi
ZIP Area
18,089
Density / Sq Mi
$75,317
Median Household Income
$49,275
Median Earnings
$2,269
Median Rent
$586,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Boston multifamily property with fenced exterior space, off-street parking, storage, and gas-fired heating and water heating.
Where is this multifamily property located?
The property is located at 255 Cambridge St Boston, MA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 3,828 SF multifamily property at 255 Cambridge St, Boston, MA 02134; R3 zoning in Suffolk County; Built in 1905
