An excellent investment opportunity like this doesn’t come along everyday! Unique property comprised of two beautifully maintained, tastefully updated, two family homes on one lot in the Riverside area of Cambridge close to Whole Foods, MIT, Memorial Drive and the Charles River! Each home boasts a one bedroom, one bath, first level apartment and a three-bedroom, 2/2.5 bath second and third level apartment for a total of four rental properties with their own separate gas/electric utilities. Happy tenants enjoy the feel of a “real home” with eat-in kitchens featuring granite countertops and stainless steel appliances as well as open floor plans with dining/living rooms accented by warm hardwood floors, exceptional ceiling height, and plenty of windows to let in the light. All units have commodious bedrooms with closets and tiled bathrooms including a combination of shower/tub stalls, vanities, and storage cabinets. Fully occupied and efficiently managed this home is in a class by itself!
Sale Statistics
Sale Overview
Original List Price:$3,000,000
Final Sale Price:$2,200,000
Difference:
$800,000 (-26.7%)
Performance Metrics
73.3%
List to Sale Ratio
Sold below asking price
56
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft:$692
Sale $/sq ft:$508
This property sold for $508 per square foot
Sale Summary
This property sold for 26.7% below the original asking price.
The property spent 56 days on market before selling.
Facts & Features
Property Overview
Property Type
4 Family - 4 Units Up/Down
Property Category
Residential Income
Year Built
1886
Bedrooms
8
Full Bathrooms
6
Half Bathrooms
1
Living Area
4,334 sq ft
Total Rooms
19
Stories
6
Levels
6
Interior Features
Flooring
Wood, Tile, Vinyl, Concrete, Other
Heating
Baseboard, Natural Gas, Forced Air, Heat Pump
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Microwave
Interior Features
Living Room, Dining Room, Kitchen
Laundry Features
Washer Hookup, Dryer Hookup
Basement Details
Full, Interior Entry, Concrete
Exterior & Structure
Construction Materials
Frame
Roof
Shingle, Rubber
Foundation
Stone, Brick/Mortar
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.08 acres
Lot Size
3,324 sq ft
Lot Size Area
0.0800
Lot Features
Level
Road Surface Type
Paved
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
4
Parking Features
Paved Drive, Off Street, On Street, Paved
Utilities & Systems
Utilities Available
for Gas Range, for Gas Oven, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Park, Walk/Jog Trails, Conservation Area, Other
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$18,018
Tax Year
2024
Tax Assessed Value
$3,043,600
Zoning
C-1
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Please see listing sheet and sellers' description of property. Measurements are estimated and vary. Two 2-unit homes on one lot. Combined assessment as 4 condos, will change to reflect 2 unit properties. Tenants subject to on-street parking, not in driveway.
Exclusions
See Inclusion/Exclusion Sheet.
Location
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Neighborhood
Riverside
24-26-26.5 Callender Street, Cambridge MA 02139
Cambridge, MA 02139
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$1,502
Homeowners Insurance$200
PMI$0
Property History
Market Insights
26.7%
Price Range
58
Total Days on Market
Property Timeline
✓
Sold
Mar 28, 2024
$2,200,000
Property sold
Days on Market: 58
🏠
Listed for Sale
Dec 6, 2023
$3,000,000
Original listing
Agent: Alison Socha GroupOffice: Leading Edge Real Estate
