Cambridge Multifamily Investment
For Sale
$3,737,000
Pending
63-67 Plymouth St, Cambridge, MA 02141
Five-unit multifamily property near Kendall and Central Square.
Property Size6,406 SF
Lot Size0.15 Acres
Days on Market266
Property Features for 63-67 Plymouth St
General Information
Standard status
Pending
Size
6,406 SF
Lot size
0.15 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$19,351
Building Details
Building Size
6,406 SF
Year Built
1837
Stories
3
Units
5
Listing Agency:
Regatta Realty
(617) 407-0363
Listed By:
Chen Zheng
(617) 407-0363
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 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 Regatta Realty
Investment Insights
Based on property information with market context.
This five-unit multifamily property is situated in a desirable location between Kendall Square and Central Square. The property features a mix of unit sizes, including a four-bedroom, two-bathroom unit, a three-bedroom, two-bathroom unit, a three-bedroom, one-bathroom unit, a two-bedroom, one-bathroom unit, and a one-bedroom, one-bathroom unit. The property is professionally managed and includes community-garden-style planters in the backyard. This presents an opportunity for investors in a dynamic neighborhood of Cambridge.
Key Highlights
- Sought‑after location between Kendall Square and Central Square.
- Versatile unit mix: 4 BR/2 BA, 3 BR/2 BA, 3 BR/1 BA, 2 BR/1 BA, and 1 BR/1 BA.
- Multifamily property suitable for investors.
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
$150,177
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
4.02%
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%
$3,003,540
$3.0M
Cap Rate 7%
$2,145,386
$2.1M
Cap Rate 9%
$1,668,633
$1.7M
Market Conditions
NOI Build-Up for 6,406 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
$284.4K $44.40/SF
− Vacancy
−$11.4K −$1.78/SF
EGI
$273.0K $42.62/SF
− OpEx
−$122.9K −$19.18/SF
NOI
$150.2K $23.44/SF
Area
Cambridge, MA
Vacancy
4.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
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%
$3,003,540
Cap Rate 7%
$2,145,386
Cap Rate 9%
$1,668,633
Alternative Uses
Best Use
Apartment 5plus
$2.15M
$1.88M – $2.50M
NOI $150,177 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.94M
$4.32M – $5.76M
NOI $345,710 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,198
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?
Apartment building - Five-unit multifamily property near Kendall and Central Square.
Where is this apartment building located?
The property is located at 63-67 Plymouth St Cambridge, MA.
What is the asking price?
The asking price for this property is $3,737,000.
What are key features of this property?
This property features: Sought‑after location between Kendall Square and Central Square.; Versatile unit mix: **4 BR/2 BA, 3 BR/2 BA, 3 BR/1 BA, 2 BR/1 BA, and 1 BR/1 BA.**; Multifamily property suitable for investors.
