Cambridge Three-Family Investment
For Sale
$2,350,000
7-9 Orrin Street, Cambridge, MA 02138
Well-maintained three-family property near Porter Square and Fresh Pond.
Property Size3,342 SF
Price / SF$703.17
Days on Market196
Property Features for 7-9 Orrin Street
General Information
Standard status
Active
Size
3,342 SF
Property subtype
Multi-Family
Zoning
res.
Net Operating Income
$105,324
Site & Location
Neighborhood
Neighborhood Nine
Taxes and HOA fees
Annual Taxes
$12,282
Building Details
Building Size
3,342 SF
Year Built
1911
Stories
3
Listing Agency:
Compass
(617) 303-0067
Listed By:
Maggie Dee + Charles Cherney Team · License #9042699
(617) 634-9665
Source:
Churchillprop
Added: Apr 17
Changed: Oct 25
Last Checked: Oct 28 at 4:49AM
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
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Investment Insights
Based on property information with market context.
This well-maintained three-family property is located just off Garden Street. The building features three floor-through units, each with high ceilings, hardwood floors, kitchen pantries, and separate systems. Front and rear decks are included with each unit. Additional features include a full unfinished basement, a side yard, and a spacious backyard. Current leases are in place through May 31, 2027. This property is a solid investment with potential for condo conversion. The location provides convenient access to Porter Square and Fresh Pond. The bike score is 96, indicating it is a biker's paradise. The walk score is 96, designating it as a walker's paradise. The transit score is 70, indicating excellent transit options.
Key Highlights
- Leases in place through May 31, 2027, providing immediate rental income.
- Excellent location with easy access to Porter Square and Fresh Pond, plus high walk, bike, and transit scores.
- Potential for condo conversion, offering a future value‑add opportunity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,831
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,676,620
$1.7M
Cap Rate 7%
$1,197,586
$1.2M
Cap Rate 9%
$931,456
$931.5K
Market Conditions
NOI Build-Up for 3,342 SF
Gross rent
$126.3K $37.80/SF
− Vacancy
−$6.6K −$1.97/SF
EGI
$119.8K $35.83/SF
− OpEx
−$35.9K −$10.75/SF
NOI
$83.8K $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%
$1,676,620
Cap Rate 7%
$1,197,586
Cap Rate 9%
$931,456
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,831 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$1.12M
$979.3K – $1.31M
NOI $78,347 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$2.58M
$2.25M – $3.01M
NOI $180,356 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,116
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-family property near Porter Square and Fresh Pond.
Where is this triplex located?
The property is located at 7-9 Orrin Street Cambridge, MA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Leases in place through May 31, 2027, providing immediate rental income.; Excellent location with easy access to Porter Square and Fresh Pond, plus high walk, bike, and transit scores.; Potential for condo conversion, offering a future value‑add opportunity.
