5-Unit Apartment
New
For Sale
$3,700,000
329 Broadway, Cambridge, MA 02139
The apartment property offers a mix of studio and two-bedroom residences near Cambridge’s Red Line.
Property Size5,748 SF
Days on Market4
Property Features for 329 Broadway
General Information
Standard status
Active
Size
5,748 SF
Property subtype
5+ Family - 5+ Units Up/Down
Site & Location
Neighborhood
Neighborhood Four
Public Transit
Yes
Units
Unit Mix
1 x studio, 4 x 2BR
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$16,063
Building Details
Building Size
5,748 SF
Year Built
1854
Buildings
1
Listing Agency:
Compass
Listed By:
Yassien Youssef
(617) 303-0067
Source:
Donnellyandco
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 7:40AM
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.
Built in 1854, this five-apartment property includes one studio and four two-bedroom units. The mix combines a smaller-format residence with four larger apartments within a single building.
At 329 Broadway in Cambridge, the property is near Harvard Square, Central Square, and Kendall Square. The Red Line is also accessible from the area, alongside universities, life science and technology employers, dining, and retail.
At 329 Broadway in Cambridge, the property is near Harvard Square, Central Square, and Kendall Square. The Red Line is also accessible from the area, alongside universities, life science and technology employers, dining, and retail.
Key Highlights
- Five apartments: one studio and four two‑bedroom units
- Built in 1854
- Located at 329 Broadway in Cambridge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,752
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,695,040
$2.7M
Cap Rate 7%
$1,925,029
$1.9M
Cap Rate 9%
$1,497,244
$1.5M
Market Conditions
NOI Build-Up for 5,748 SF
Gross rent
$255.2K $44.40/SF
− Vacancy
−$10.2K −$1.78/SF
EGI
$245.0K $42.62/SF
− OpEx
−$110.3K −$19.18/SF
NOI
$134.8K $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%
$2,695,040
Cap Rate 7%
$1,925,029
Cap Rate 9%
$1,497,244
Alternative Uses
Best Use
Apartment 5plus
$1.93M
$1.68M – $2.25M
NOI $134,752 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.43M
$3.88M – $5.17M
NOI $310,200 @ 7.0% cap · market cap 8.38%
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
5
Residential units
Location Intelligence
Trade Area within ½ mile
5,179
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The apartment property offers a mix of studio and two-bedroom residences near Cambridge’s Red Line.
Where is this apartment building located?
The property is located at 329 Broadway Cambridge, MA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Five apartments: one studio and four two‑bedroom units; Built in 1854; Located at 329 Broadway in Cambridge
