Three-Unit Residential
For Sale
$2,080,000
72 Eustis Street, Cambridge, MA 02140
Updated residential investment property with basement laundry and off-street parking.
Property Size3,068 SF
Days on Market13
Property Features for 72 Eustis Street
General Information
Standard status
Active
Size
3,068 SF
Total Parking Spaces
1
Property subtype
3 Family - 3 Units Up/Down
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$12,726
Amenities
coin-op laundry
Building Details
Building Size
3,068 SF
Year Built
1964
Listing Agency:
Leading Edge Real Estate
Listed By:
Melanie Lentini · License #448510392
(781) 526-8070
Source:
Madelyngarciarealestate
Added: Sep 15
Changed: Sep 20
Last Checked: Sep 26 at 1:06PM
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 Leading Edge Real Estate
Investment Insights
Based on property information with market context.
Located at 72 Eustis Street in Cambridge, this 3,068-square-foot triplex was built in 1964 and contains three residential units with six bedrooms and three baths. The units are described as updated and well maintained, with one de-leaded unit included in the property. One off-street parking space adds convenience, while the basement provides a coin-operated washing machine and dryer.
The property is in Cambridge’s Baldwin/Agassiz neighborhood, between Harvard Square and Porter Square. Restaurants, cafes, shops, universities, parks, and public transportation are nearby, with access to the Red Line as well as Inman Square, Central Square, MIT, and Boston. The property has not been offered for sale in over 45 years.
The property is in Cambridge’s Baldwin/Agassiz neighborhood, between Harvard Square and Porter Square. Restaurants, cafes, shops, universities, parks, and public transportation are nearby, with access to the Red Line as well as Inman Square, Central Square, MIT, and Boston. The property has not been offered for sale in over 45 years.
Key Highlights
- Three residential units with six bedrooms and three baths
- 3,068‑square‑foot triplex built in 1964
- One off‑street parking space
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
$76,958
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
3.70%
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%
$1,539,160
$1.5M
Cap Rate 7%
$1,099,400
$1.1M
Cap Rate 9%
$855,089
$855.1K
Market Conditions
NOI Build-Up for 3,068 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
$116.0K $37.80/SF
− Vacancy
−$6.0K −$1.97/SF
EGI
$109.9K $35.83/SF
− OpEx
−$33.0K −$10.75/SF
NOI
$77.0K $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%
$1,539,160
Cap Rate 7%
$1,099,400
Cap Rate 9%
$855,089
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$962.0K – $1.28M
NOI $76,958 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$1.03M
$899.1K – $1.20M
NOI $71,924 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,570 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,802
Businesses Nearby
Explore this area
Business Placement
Demographics for 02140, MA
21,447
Population
11,117
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
95%
High-School Grad
1.2 sq mi
ZIP Area
17,873
Density / Sq Mi
$136,382
Median Household Income
$77,506
Median Earnings
$2,581
Median Rent
$1,070,200
Median Home Value
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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 - Updated residential investment property with basement laundry and off-street parking.
Where is this triplex located?
The property is located at 72 Eustis Street Cambridge, MA.
What is the asking price?
The asking price for this property is $2,080,000.
What are key features of this property?
This property features: Three residential units with six bedrooms and three baths; 3,068‑square‑foot triplex built in 1964; One off‑street parking space
