Property profile

28 Willow St Cambridge, MA 02141

OFF-MARKET
Apartment buildings
Property ID
US38-2083475
2,326 SF Built 1902
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Property summary

AI-generated overview

This centrally located Cambridge, MA, multifamily property presents a compelling value-add opportunity. Situated on a 1,448 sq ft corner lot at 28 Willow St, this two-unit, two-story building (2,326 sq ft total) offers spacious floor plans with direct views of Donnelly Field. Built in 1902, the property is conveniently located within walking distance of Inman Square, Kendall Square, and Union Square, benefiting from the robust rental demand fueled by proximity to MIT and numerous employment opportunities. Both units are currently vacant as of August 1st, 2024, following the expiration of existing leases. This presents a unique chance for either end-users seeking a prime residential location or investors aiming to capitalize on renovation potential to enhance rental income. While both units are in excellent condition and ready for immediate occupancy, the vacancy allows for strategic improvements to maximize the property's value. The property's A+ location and potential for value enhancement make it an attractive investment.

Property profile

Verified
Property type Apartment buildings
Year built 1902
Total area 2,326 SF
UPID US38-2083475

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

28 Willow St Cambridge, MA 02141
Cambridge metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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