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 Market176
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
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 6
Last Checked: Oct 7 at 9:25AM
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 Compass
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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,116
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
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
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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.
