Multifamily Development
47-53r 8TH Street Cambridge, MA 02141
47-53r 8TH Street, Cambridge, MA, 02141
$3,150,000
For Sale
$3,150,000
As-of-right multifamily redevelopment site with seller-delivered stamped plans in East Cambridge near major transit.
Property Size9,333 SF
Price / SF$337.51
Days on Market201
Property Features for 47-53r 8TH Street
General Information
- Standard status
- Active
- Size
- 9,333 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2027
Listing agency
EVO Real Estate Group,LLC
Listed by
Adrian King
(617) 846-8000
Source
Highlandre
Added: Jan 2 Updated: Jul 21 at 1:12AM Checked: Jul 21 at 7:25AM
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 EVO Real Estate Group,LLC
Investment Insights
Based on property information with market context.
This multifamily development opportunity in East Cambridge is offered as-of-right under the City’s new zoning, with seller to deliver stamped plans. Buyer is responsible for permitting and associated costs to complete redevelopment.
The site is positioned near Kendall Square and MIT, in close proximity to major life science and technology employers. Public transportation access is described as excellent, with nearby MBTA bus routes and short distance to the Red and Green Line, plus convenient bike and highway connections.
Accompanied showings only. The offering is intended to support a streamlined path to redevelopment with zoning clarity provided through the new zoning framework and stamped plan delivery.
The site is positioned near Kendall Square and MIT, in close proximity to major life science and technology employers. Public transportation access is described as excellent, with nearby MBTA bus routes and short distance to the Red and Green Line, plus convenient bike and highway connections.
Accompanied showings only. The offering is intended to support a streamlined path to redevelopment with zoning clarity provided through the new zoning framework and stamped plan delivery.
Key Highlights
- As‑of‑right multifamily redevelopment site in East Cambridge under the city’s new zoning
- Seller‑delivered stamped plans included; buyer responsible for permitting and all related costs
- Year built listed as 2027 for the redevelopment
Local 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 | $414.4k | $44.40 |
| − Vacancy | −$16.6k | −$1.78 |
| EGI | $397.8k | $42.62 |
| − OpEx | −$179.0k | −$19.18 |
| NOI | $218.8k | $23.44 |
9,333 SF · lease $44.40/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.13M
$2.73M – $3.65M
NOI $218,795 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.20M
$6.30M – $8.39M
NOI $503,670 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - As-of-right multifamily redevelopment site with seller-delivered stamped plans in East Cambridge near major transit.
Where is this multifamily property located?
The property is located at 47-53r 8TH Street Cambridge, MA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: As‑of‑right multifamily redevelopment site in East Cambridge under the city’s new zoning; Seller‑delivered stamped plans included; buyer responsible for permitting and all related costs; Year built listed as 2027 for the redevelopment
