Cambridge Dormitory Near Harvard
33 Everett St Cambridge, MA 02138
For Sale
$19,800,000
Dormitory with 69 rooms, near Harvard and Porter Square.
Property Size43,112 SF
Lot Size0.33 Acres
Price / SF$459.27
Days on Market98
Property Features for 33 Everett St
General Information
Standard status
Active
Size
43,112 SF
Lot size
0.33 Acres
Property subtype
Investment
Building Details
Year Built
1900
Listing Agency:
Cushman & Wakefield
(617) 816-5257
Listed By:
Christopher Sower
(617) 816-5257
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 17 at 1:03PM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
Located in Cambridge, MA, 33 Everett Street is a 43,112 square foot building configured as a dormitory. The property features 69 rooms and 120 beds on a 14,352 square foot parcel. The building includes a dining hall, commercial kitchen, and resident common areas. Each floor has a common bathroom and lounge space equipped with soft seating, a refrigerator, and an oven. Situated between Harvard Square and Porter Square, the property is adjacent to Lesley University’s Doble Campus. The location provides access to colleges, universities, technology, bio-tech employers, shopping, and dining amenities. It is located near Harvard University and within a 10-minute walk of both Porter and Harvard Square Stations along the MBTA’s Red Line and Commuter Line. The bike score is 90, the walk score is 92, and the transit score is 79.
Key Highlights
- Prime location between Harvard Square and Porter Square in Cambridge, MA.
- Large 43,112 square foot building configured as a dormitory with 69 rooms and 120 beds.
- Unmatched access to top colleges/universities, technology/bio‑tech employers, shopping, and dining.
Financial Insights For Apartment 5plus
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 | $1.91M | $44.40 |
| − Vacancy | −$76.6k | −$1.78 |
| EGI | $1.84M | $42.62 |
| − OpEx | −$826.9k | −$19.18 |
| NOI | $1.01M | $23.44 |
43,112 SF · lease $44.40/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$14.44M
$12.63M – $16.84M
NOI $1,010,683 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$33.24M
$29.08M – $38.78M
NOI $2,326,608 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Dormitory with 69 rooms, near Harvard and Porter Square.
Where is this apartment building located?
The property is located at 33 Everett St Cambridge, MA.
What is the asking price?
The asking price for this property is $19,800,000.
What are key features of this property?
This property features: Prime location between Harvard Square and Porter Square in Cambridge, MA.; Large 43,112 square foot building configured as a dormitory with 69 rooms and 120 beds.; Unmatched access to top colleges/universities, technology/bio‑tech employers, shopping, and dining.
