10-Unit Apartment
New
For Sale
$4,300,000
278 Harvard St, Cambridge, MA 02139
The multifamily property contains a mix of studio and two-bedroom residences.
Property Size6,070 SF
Days on Market3
Property Features for 278 Harvard St
General Information
Standard status
Active
Size
6,070 SF
Property subtype
5-9 Family
Site & Location
Neighborhood
Neighborhood Four
Public Transit
Yes
Units
Unit Mix
8 x studio, 2 x 2BR
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$25,888
Building Details
Building Size
6,070 SF
Year Built
1873
Listing Agency:
Compass
Listed By:
Yassien Youssef
(617) 303-0067
Source:
Bostonluxurysuburbs
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 8:39AM
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 Compass
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Investment Insights
Based on property information with market context.
This 10-unit apartment building in Cambridge contains 8 studios and 2 two-bedroom apartments. The property totals 6,070 square feet and dates to 1873.
Harvard Square and Central Square are nearby, along with Harvard University, Kendall Square, and the Red Line.
Harvard Square and Central Square are nearby, along with Harvard University, Kendall Square, and the Red Line.
Key Highlights
- 10 apartments: 8 studios and 2 two‑bedroom units
- 6,070 square feet
- Built in 1873
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,300
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,846,000
$2.8M
Cap Rate 7%
$2,032,857
$2.0M
Cap Rate 9%
$1,581,111
$1.6M
Market Conditions
NOI Build-Up for 6,070 SF
Gross rent
$269.5K $44.40/SF
− Vacancy
−$10.8K −$1.78/SF
EGI
$258.7K $42.62/SF
− OpEx
−$116.4K −$19.18/SF
NOI
$142.3K $23.44/SF
Area
Cambridge, MA
Vacancy
4.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,846,000
Cap Rate 7%
$2,032,857
Cap Rate 9%
$1,581,111
Alternative Uses
Best Use
Apartment 5plus
$2.03M
$1.78M – $2.37M
NOI $142,300 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.68M
$4.09M – $5.46M
NOI $327,577 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
5,338
Businesses Nearby
Explore this area
Business Placement
Demographics for 02139, MA
39,525
Population
16,930
Households
2.3
Avg Household Size
30
Median Age
78%
College-Educated
94%
High-School Grad
1.6 sq mi
ZIP Area
24,703
Density / Sq Mi
$124,648
Median Household Income
$61,025
Median Earnings
$2,613
Median Rent
$1,066,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The multifamily property contains a mix of studio and two-bedroom residences.
Where is this apartment building located?
The property is located at 278 Harvard St Cambridge, MA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 10 apartments: 8 studios and 2 two‑bedroom units; 6,070 square feet; Built in 1873
