Fully Renovated Two-Family
316-318 Concord Avenue Cambridge, MA 02138
316-318 Concord Avenue, Cambridge, MA, 02138
$2,699,000
For Sale
$2,699,000
Two updated units with open layouts, modern kitchens, updated baths, private outdoor space, and off-street parking.
Property Size3,883 SF
Price / SF$695.08
Days on Market138
Property Features for 316-318 Concord Avenue
General Information
- Standard status
- Active
- Size
- 3,883 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1913
Listing agency
Coldwell Banker Realty - Boston
Listed by
Ismail Guessous
(617) 394-8648
Source
Unitboston
Added: Mar 7 Updated: Jul 21 at 2:35PM Checked: Jul 22 at 8:01AM
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 Coldwell Banker Realty - Boston
Investment Insights
Based on property information with market context.
This fully renovated two-family duplex features two updated units designed with open layouts and well-proportioned bedroom space. Each unit includes modern kitchens with quartz countertops and stainless steel appliances, along with updated bathrooms. Additional improvements include updated systems, private outdoor space, and off-street parking.
The property is located on Concord Avenue in Cambridge, near Fresh Pond, with convenient access to shopping, dining, public transportation, and major routes, including easy access to Harvard Square.
Unit 1 is leased through 08/31/2027, providing in-place rental income. Unit 2 offers flexibility for an owner-occupant or for additional rental income.
The property is located on Concord Avenue in Cambridge, near Fresh Pond, with convenient access to shopping, dining, public transportation, and major routes, including easy access to Harvard Square.
Unit 1 is leased through 08/31/2027, providing in-place rental income. Unit 2 offers flexibility for an owner-occupant or for additional rental income.
Key Highlights
- 1913‑built 2‑family property with two updated units featuring open layouts
- Unit 1 leased through 08/31/2027 at $6,000/month
- Modern kitchens with quartz countertops and stainless steel appliances in both units
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 | $146.8k | $37.80 |
| − Vacancy | −$7.6k | −$1.97 |
| EGI | $139.1k | $35.83 |
| − OpEx | −$41.7k | −$10.75 |
| NOI | $97.4k | $25.08 |
3,883 SF · lease $37.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.22M – $1.62M
NOI $97,401 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,030 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M
NOI $209,552 @ 7.0% cap · market cap 7.76%
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 - Two updated units with open layouts, modern kitchens, updated baths, private outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 316-318 Concord Avenue Cambridge, MA.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: 1913‑built 2‑family property with two updated units featuring open layouts; Unit 1 leased through 08/31/2027 at $6,000/month; Modern kitchens with quartz countertops and stainless steel appliances in both units
