Two-Family Residential Income
29-31 Chatham Street Cambridge, MA 02139
29-31 Chatham Street, Cambridge, MA, 02139
$1,850,000
For Sale
$1,850,000
Classic Cambridge two-family sold as-is, with hardwood floors and two-bed unit layouts, including a two-level unit with expansion potential.
Property Size2,727 SF
Price / SF$678.40
Days on Market107
Property Features for 29-31 Chatham Street
General Information
- Standard status
- Active
- Size
- 2,727 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1924
Listing agency
Hillman Homes
Listed by
Rachel Hillman Foy
(617) 680-0690
Source
Inrealtyinc
Added: Apr 7 Updated: Jul 21 at 4:54PM Checked: Jul 21 at 4:54PM
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 Hillman Homes
Investment Insights
Based on property information with market context.
This classic two-family property at 29–31 Chatham Street offers two residential units with period character features. The units include hardwood floors and are described as receiving generous natural light. Unit 1 is configured as a 2-bedroom unit. Unit 2 is described as a 2-level layout with expansion potential.
The property is positioned near Harvard Square, Inman Square, and MIT, with easy access to public transit, shops, and dining as described in the remarks.
The sale is described as an estate sale, with the seller never having lived in the property. The property will be sold as-is, and buyers and buyer’s agents are instructed to conduct their own due diligence regarding condition. Closing is described as contingent upon the seller receiving a License to Sell from the Middlesex Probate and Family Court.
The property is positioned near Harvard Square, Inman Square, and MIT, with easy access to public transit, shops, and dining as described in the remarks.
The sale is described as an estate sale, with the seller never having lived in the property. The property will be sold as-is, and buyers and buyer’s agents are instructed to conduct their own due diligence regarding condition. Closing is described as contingent upon the seller receiving a License to Sell from the Middlesex Probate and Family Court.
Key Highlights
- 1924‑built classic Cambridge two‑family sold as‑is (estate sale; seller never lived in the property)
- Unit 1 offers a 2‑bedroom layout with hardwood floors and period details
- Unit 2 is 2 levels with a 2‑bedroom setup and noted expansion potential
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.1k | $37.80 |
| − Vacancy | −$5.4k | −$1.97 |
| EGI | $97.7k | $35.83 |
| − OpEx | −$29.3k | −$10.75 |
| NOI | $68.4k | $25.08 |
2,727 SF · lease $37.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$977.2K
$855.1K – $1.14M
NOI $68,404 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$913.3K
$799.1K – $1.07M
NOI $63,930 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,167 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Classic Cambridge two-family sold as-is, with hardwood floors and two-bed unit layouts, including a two-level unit with expansion potential.
Where is this duplex located?
The property is located at 29-31 Chatham Street Cambridge, MA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 1924‑built classic Cambridge two‑family sold as‑is (estate sale; seller never lived in the property); Unit 1 offers a 2‑bedroom layout with hardwood floors and period details; Unit 2 is 2 levels with a 2‑bedroom setup and noted expansion potential
