Duplex with Hardwood
For Sale
$1,300,000
50 Homer Avenue, Cambridge, MA 02138
Two-unit property with a first-floor bedroom, upper-level three-bedroom layout, and period interior detailing.
Property Size2,111 SF
Price / SF$615.82
Days on Market76
Property Features for 50 Homer Avenue
General Information
Standard status
Active
Size
2,111 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
C-1
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,883
Amenities
high ceilings
decorative molding
hardwood floors
private backyard
Building Details
Building Size
2,111 SF
Year Built
1900
Buildings
1
Stories
1
Listing Agency:
Keller Williams Realty Evolution
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 16
Changed: Aug 29
Last Checked: Aug 29 at 4:17PM
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 Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
Built in 1900, this 2,111-square-foot duplex contains two residential units with distinct layouts. The lower apartment includes a bedroom on the first floor, while the upper residence is arranged with three bedrooms. Interior details include high ceilings, decorative molding, and hardwood flooring throughout. A private backyard provides outdoor space for gardening, relaxation, and entertaining. The property is zoned C-1.
Located at 50 Homer Avenue in Cambridge, the home is 1.5 miles from Harvard Square and a few blocks from Huron Village. Shopping, dining, entertainment, and three bus routes are within walking distance. Fresh Pond Reservation is nearby, surrounding a protected 155-acre reservoir with scenic trails.
Located at 50 Homer Avenue in Cambridge, the home is 1.5 miles from Harvard Square and a few blocks from Huron Village. Shopping, dining, entertainment, and three bus routes are within walking distance. Fresh Pond Reservation is nearby, surrounding a protected 155-acre reservoir with scenic trails.
Key Highlights
- 2,111‑square‑foot duplex built in 1900
- Two residential units with separate layouts
- First‑floor bedroom in the lower apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,952
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,059,040
$1.1M
Cap Rate 7%
$756,457
$756.5K
Cap Rate 9%
$588,356
$588.4K
Market Conditions
NOI Build-Up for 2,111 SF
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.
Gross rent
$79.8K $37.80/SF
− Vacancy
−$4.1K −$1.97/SF
EGI
$75.6K $35.83/SF
− OpEx
−$22.7K −$10.75/SF
NOI
$53.0K $25.08/SF
Area
Cambridge, MA
Vacancy
5.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,059,040
Cap Rate 7%
$756,457
Cap Rate 9%
$588,356
Alternative Uses
Best Use
Multifamily LT 5
$756.5K
$661.9K – $882.5K
NOI $52,952 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$707.0K
$618.6K – $824.8K
NOI $49,489 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,923 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
916
Businesses Nearby
Explore this area
Business Placement
Demographics for 02138, MA
37,982
Population
16,132
Households
2.4
Avg Household Size
30
Median Age
86%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
14,067
Density / Sq Mi
$122,040
Median Household Income
$46,436
Median Earnings
$2,799
Median Rent
$1,088,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with a first-floor bedroom, upper-level three-bedroom layout, and period interior detailing.
Where is this duplex located?
The property is located at 50 Homer Avenue Cambridge, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 2,111‑square‑foot duplex built in 1900; Two residential units with separate layouts; First‑floor bedroom in the lower apartment
