Duplex Home with Two-Car
For Sale
$2,400,000
32-34 Grozier Rd., Cambridge, MA 02138
Two separate residences offer flexible living arrangements with private outdoor areas and off-street parking.
Property Size3,293 SF
Days on Market9
Property Features for 32-34 Grozier Rd.
General Information
Standard status
Active
Size
3,293 SF
Total Parking Spaces
4
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,758
Amenities
screened-in porches
brick patio
Building Details
Building Size
3,293 SF
Year Built
1925
Buildings
1
Listing Agency:
eXp Realty LLC
Listed By:
Marie E. Cashman · License #451500218
(866) 828-3951
Source:
Classifiedrealtygroup
Added: Sep 19
Last Checked: Sep 26 at 4:08AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
Built in 1925, this duplex presents two distinct residences within a generously configured home. The first-floor unit includes two bedrooms, a full bath, eat-in kitchen, living room with fireplace, dining area, hardwood floors, and mini-split systems. The second residence occupies two levels, with two bedrooms, a full bath, kitchen, living room, dining area, fireplace, and mini-splits on the main floor, plus a third-floor primary bedroom, full bath, and deck access.
Outdoor features include screened porches and a brick patio. A two-car garage and additional off-street parking support the property’s practical layout. The home is positioned at 32-34 Grozier Rd. in Cambridge, Massachusetts, and offers an existing duplex configuration with room for updating and personalization.
Outdoor features include screened porches and a brick patio. A two-car garage and additional off-street parking support the property’s practical layout. The home is positioned at 32-34 Grozier Rd. in Cambridge, Massachusetts, and offers an existing duplex configuration with room for updating and personalization.
Key Highlights
- Duplex configuration with two separate residences
- First‑floor unit includes 2 bedrooms, 1 full bath, fireplace, hardwood floors, and mini‑splits
- Second residence includes 2 bedrooms plus a third‑floor primary bedroom and full bath
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
$82,602
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
3.44%
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%
$1,652,040
$1.7M
Cap Rate 7%
$1,180,029
$1.2M
Cap Rate 9%
$917,800
$917.8K
Market Conditions
NOI Build-Up for 3,293 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
$124.5K $37.80/SF
− Vacancy
−$6.5K −$1.97/SF
EGI
$118.0K $35.83/SF
− OpEx
−$35.4K −$10.75/SF
NOI
$82.6K $25.08/SF
Area
Cambridge, MA
Vacancy
5.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,652,040
Cap Rate 7%
$1,180,029
Cap Rate 9%
$917,800
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.38M
NOI $82,602 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$1.10M
$965.0K – $1.29M
NOI $77,198 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,712 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,369
Businesses Nearby
Explore this area
Business Placement
Demographics for 02138, MA
37,982
Population
16,132
Households
2.4
Avg Household Size
30
Median Age
86%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
14,067
Density / Sq Mi
$122,040
Median Household Income
$46,436
Median Earnings
$2,799
Median Rent
$1,088,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible living arrangements with private outdoor areas and off-street parking.
Where is this duplex located?
The property is located at 32-34 Grozier Rd. Cambridge, MA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Duplex configuration with two separate residences; First‑floor unit includes 2 bedrooms, 1 full bath, fireplace, hardwood floors, and mini‑splits; Second residence includes 2 bedrooms plus a third‑floor primary bedroom and full bath
