Duplex with Two-Level
For Sale
$1,350,000
56-58 Eighth Street, Cambridge, MA 02141
Both residences are leased through August 2027 and have individual laundry areas and basement storage.
Property Size1,944 SF
Price / SF$694.44
Days on Market8
Property Features for 56-58 Eighth Street
General Information
Standard status
Active
Size
1,944 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
1 x 3BR/1.5BA
Multifamily Units
2
Amenities
central heating and air conditioning
individual laundry
storage
back patio
Building Details
Year Built
1873
Year Renovated
2013
Listing Agency:
Compass
Listed By:
Joshua Drawas
(617) 212-1188
Source:
Highlandre
Added: Oct 4
Changed: Oct 10
Last Checked: Oct 10 at 2:21AM
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 side-by-side duplex contains 1,944 square feet and dates to 1873. Each residence spans two levels, with designated basement space for laundry and storage. Renovations completed in 2013 included kitchens, bathrooms, flooring, and electrical work. The residence at 58 Eighth Street is a legal three-bedroom, one-and-a-half-bathroom unit with central heating and air conditioning. A back patio serves the property.
The building occupies a corner lot at 56-58 Eighth Street in Cambridge. Kendall Square, MIT, Inman Square, and Cambridge Street are identified as nearby destinations. Both units are leased through August 2027.
The building occupies a corner lot at 56-58 Eighth Street in Cambridge. Kendall Square, MIT, Inman Square, and Cambridge Street are identified as nearby destinations. Both units are leased through August 2027.
Key Highlights
- 1,944 square feet; built in 1873
- Side‑by‑side duplex with two‑level residences
- Both units leased through August 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,763
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,260
$975.3K
Cap Rate 7%
$696,614
$696.6K
Cap Rate 9%
$541,811
$541.8K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$73.5K $37.80/SF
− Vacancy
−$3.8K −$1.97/SF
EGI
$69.7K $35.83/SF
− OpEx
−$20.9K −$10.75/SF
NOI
$48.8K $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 Rate 5%
$975,260
Cap Rate 7%
$696,614
Cap Rate 9%
$541,811
Alternative Uses
Best Use
Multifamily LT 5
$696.6K
$609.5K – $812.7K
NOI $48,763 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$651.1K
$569.7K – $759.6K
NOI $45,574 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,911 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,273
Businesses Nearby
Explore this area
Business Placement
Demographics for 02141, MA
15,130
Population
8,128
Households
1.9
Avg Household Size
32
Median Age
74%
College-Educated
94%
High-School Grad
0.6 sq mi
ZIP Area
25,217
Density / Sq Mi
$120,542
Median Household Income
$73,002
Median Earnings
$2,752
Median Rent
$892,600
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 - Both residences are leased through August 2027 and have individual laundry areas and basement storage.
Where is this duplex located?
The property is located at 56-58 Eighth Street Cambridge, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1,944 square feet; built in 1873; Side‑by‑side duplex with two‑level residences; Both units leased through August 2027
