Two-Unit Residential Income
5-7 Fenno Street Cambridge, MA 02138
For Sale
$1,895,000
Two-unit residential property with separate heating systems, driveway, and a rear yard with potential expansion space.
Property Size2,716 SF
Price / SF$697.72
Days on Market68
Property Features for 5-7 Fenno Street
General Information
Standard status
Active
Size
2,716 SF
Property subtype
Multi-family
Building Details
Year Built
1929
Listing Agency:
Coldwell Banker Realty - Cambridge
Listed By:
Gail Roberts,Ed Feijo & Team
(413) 584-2900
Source:
Mapleandmainrealty
Added: May 24
Changed: Jul 28
Last Checked: Jul 29 at 4:54PM
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 Coldwell Banker Realty - Cambridge
Investment Insights
Based on property information with market context.
This two-unit residential income property is set on a level lot with a driveway and a rear yard that may allow for future expansion. The building includes two separate units with strong rental history and independent heating systems. One unit offers 4 bedrooms and 2 bathrooms, while the other provides 3 bedrooms and 1 bathroom. The upper unit also includes attic space that could support additional living area.
The property is located just outside Porter Square in Cambridge, MA. It is configured for two independent residences and offers outdoor space in the rear yard.
As a residential income asset, it presents a straightforward duplex-style setup with separate mechanical systems for each unit, along with additional attic space in the upper unit and room in the rear yard for expansion considerations.
The property is located just outside Porter Square in Cambridge, MA. It is configured for two independent residences and offers outdoor space in the rear yard.
As a residential income asset, it presents a straightforward duplex-style setup with separate mechanical systems for each unit, along with additional attic space in the upper unit and room in the rear yard for expansion considerations.
Key Highlights
- Built in 1929, two‑unit residential property with separate heating systems
- Unit mix: one 4BR/2BA and one 3BR/1BA
- Level lot with a driveway and a rear yard that offers possible expansion space
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 | $102.7k | $37.80 |
| − Vacancy | −$5.3k | −$1.97 |
| EGI | $97.3k | $35.83 |
| − OpEx | −$29.2k | −$10.75 |
| NOI | $68.1k | $25.08 |
2,716 SF · lease $37.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$973.3K
$851.6K – $1.14M
NOI $68,128 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$909.6K
$795.9K – $1.06M
NOI $63,672 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,573 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with separate heating systems, driveway, and a rear yard with potential expansion space.
Where is this duplex located?
The property is located at 5-7 Fenno Street Cambridge, MA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Built in 1929, two‑unit residential property with separate heating systems; Unit mix: one 4BR/2BA and one 3BR/1BA; Level lot with a driveway and a rear yard that offers possible expansion space
