Two-Family Residential Income
499 Mt Auburn Street Cambridge, MA 02138
499 Mt Auburn Street, Cambridge, MA, 02138
$1,650,000
Pending
For Sale
$1,650,000
Pending
Well-maintained two-unit home with patio-and-garden space, updated interiors, and off-street tandem parking.
Property Size2,343 SF
Days on Market133
Property Features for 499 Mt Auburn Street
General Information
- Standard status
- Pending
- Size
- 2,343 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1941
Listing agency
Compass
(617) 233-6585
Listed by
Kendall Green Luce Team · License #9009645
(617) 233-6585
Source
Compass
Added: Mar 13 Updated: Jul 23 at 12:44AM Checked: Jul 23 at 12:44AM
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
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers two separate units with practical layouts and abundant natural light. The updated first-floor unit includes a well-designed galley kitchen, hardwood and tile flooring, a spacious living and dining area, and two bedrooms, including a primary bedroom with an en suite bath. French doors open to a large outdoor patio and garden that envelop nearly half of the property.
The second-floor unit provides a comfortable living space with two bedrooms and one full bath, along with a flexible floor plan and a bright interior. It includes a nice galley kitchen and a spacious living area, and a private deck completes the level.
Off-street parking accommodates at least two vehicles, with tandem parking for up to three. The property is located in Cambridge near Harvard Square and Fresh Pond, with easy access to public transportation and major routes into Boston, and it borders Belmont, Watertown, and Arlington.
The second-floor unit provides a comfortable living space with two bedrooms and one full bath, along with a flexible floor plan and a bright interior. It includes a nice galley kitchen and a spacious living area, and a private deck completes the level.
Off-street parking accommodates at least two vehicles, with tandem parking for up to three. The property is located in Cambridge near Harvard Square and Fresh Pond, with easy access to public transportation and major routes into Boston, and it borders Belmont, Watertown, and Arlington.
Key Highlights
- Two‑family home built in 1941 with 3 full baths total
- First‑floor unit has 2 bedrooms, including a primary bedroom with en suite bath
- First‑floor interior updates include a galley kitchen and hardwood and tile flooring
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 | $88.6k | $37.80 |
| − Vacancy | −$4.6k | −$1.97 |
| EGI | $84.0k | $35.83 |
| − OpEx | −$25.2k | −$10.75 |
| NOI | $58.8k | $25.08 |
2,343 SF · lease $37.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$839.6K
$734.7K – $979.5K
NOI $58,772 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$784.7K
$686.6K – $915.5K
NOI $54,927 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,444 @ 7.0% cap · market cap 7.66%
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 - Well-maintained two-unit home with patio-and-garden space, updated interiors, and off-street tandem parking.
Where is this duplex located?
The property is located at 499 Mt Auburn Street Cambridge, MA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Two‑family home built in 1941 with 3 full baths total; First‑floor unit has 2 bedrooms, including a primary bedroom with en suite bath; First‑floor interior updates include a galley kitchen and hardwood and tile flooring
