48 Kirkland Street, Cambridge MA 02138
Cambridge, MA 02138 • Harvard Square
$3,900,000
Est. $21,699/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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Open House Schedule
05
Oct
Monday, October 5
12:00 PM - 1:30 PM EDT
04
Oct
Sunday, October 4
2:00 PM - 3:00 PM EDT
About this home
ATTENTION BUY-AND-HOLD INVESTORS! Rare opportunity to acquire a stand-alone 10-unit brick building in the highly desirable Harvard Square area. Ideally located at the corner of Kirkland Street and Kirkland Road, this fully leased property offers an appealing, manageable investment opportunity for both experienced and first-time multifamily investors. The building features 10 studio apartments, all currently leased through August 2027, providing immediate and stable rental income. Four off-street driveway parking spaces are also rented, providing an additional income stream. Tenants enjoy individual storage units and on-site laundry facilities located in the lower level. The property is serviced by a newer central gas boiler and central water heater, while tenants are responsible for their own electricity. With its exceptional location, full occupancy, parking and straightforward operation, this is a rare opportunity to acquire a well-positioned multifamily asset in one of the area’s most desirable and consistently sought-after rental markets.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Oct 2, 2026
$3,900,000
Original listing
Agent: Lori Orchanian
Office: Coldwell Banker Realty - Belmont
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/02/2026 | 🏠 Listed for Sale | $3,900,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $21,345 | $3,200,100 |
Financial Details
Annual Property Tax
$21,345
Tax Year 2026
Assessed Value
$3,200,100
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1930
Living Area
4,320 sq ft
Lot Size
0.11 acres
Stories
3
Bedrooms
10
Full Baths
10
Total Rooms
30
Investment Metrics
Units
10
Unit 1 Rent
$2,100/mo · Y
Unit 2 Rent
$2,100/mo · Y
Total Monthly Rent
$4,200/mo
Gross Income
$249,000
Net Operating Income
$180,000
Operating Expenses
$69,000
Cap Rate
4.62%
Interior
Heating
None
Cooling
None
Flooring
Tile, Hardwood
Appliances
None
Fireplace
None
Basement
Partially Finished, Interior Entry, Bulkhead
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Off Street, Driveway
Total Spaces
4
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$21,345
Assessed Value
$3,200,100
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
brick
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1930
Bedrooms
10
Full Bathrooms
10
Living Area
4,320 sq ft
Total Rooms
30
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,880 sq ft above grade
1,440 sq ft below grade
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Hardwood
Appliances:
Interior Features:
Windows:
Basement:
Partially Finished, Interior Entry, Bulkhead
Laundry:
Security:
Construction & Materials
Year Built:
1930
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Other
Stories:
3
Heating, Cooling & Utilities
Heating:
Heating Zones:
10
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
4
Parking Features:
Paved Drive, Off Street, Driveway
Nearby Schools
School District
Cambridge School District local
A-
Where Graduates Go
Class of 2021
65%
attend college
58%
4-Year
7%
2-Year
23%
Out of State
7%
Working
School Safety
2024-25
1.2%
Low
0.8%
Suspensions
0.2%
In-School
0.4%
Emergency
4.3% below state avg
Elementary Schools
10 schools
C
Prospect Hill Academy Charter School
0.9 mi
|
#246 of 346
|
Score: 47.4
Improved 36 spots from last year
-10.8 below state avg
888 students
Diverse
Rising School
College Ready Curriculum
Diverse Student Body
Grades PK-12
St. Peter Elementary School
1.0 mi
Grades PK-08
A
Amigos School
1.0 mi
|
#46 of 352
|
Score: 57.6
Improved 13 spots from last year
-0.6 below state avg
421 students
Diverse
Diverse Student Body
Strong Attendance
Grades PK-08
Cambridge Montessori School
1.2 mi
Grades PK-06
Cambridge Friends School
1.3 mi
Grades PK-08
A
Benjamin Banneker Charter Public School
1.5 mi
|
#105 of 825
|
Score: 59.1
Dropped 84 spots from last year
+0.9 above state avg
344 students
Less Diverse
Grades PK-06
Shady Hill School
1.5 mi
Grades PK-08
Lycee International de Boston/International School of Boston, Inc.
2.1 mi
Grades 01-12
Fayerweather Street School
2.4 mi
Grades PK-08
A+
Maria L. Baldwin School
0.4 mi
|
#47 of 825
|
Score: 62.5
Dropped 44 spots from last year
+4.3 above state avg
385 students
Diverse
Diverse Student Body
Grades PK-05
Middle Schools
5 schools
Allium Montessori School
0.4 mi
Grades 01-06
A-
Putnam Avenue Upper School
0.7 mi
|
#104 of 352
|
Score: 49.2
Dropped 25 spots from last year
-9 below state avg
286 students
Very Diverse
Diverse Student Body
Grades 06-08
B-
Cambridge Street Upper School
1.1 mi
|
#207 of 352
|
Score: 39.9
Dropped 19 spots from last year
-18.3 below state avg
317 students
Very Diverse
Diverse Student Body
Grades 06-08
A
Rindge Avenue Upper School
1.4 mi
|
#66 of 352
|
Score: 54.0
Dropped 1 spots from last year
-4.2 below state avg
278 students
Diverse
Diverse Student Body
Strong Attendance
Grades 06-08
B+
Darby Vassall Upper School
1.4 mi
|
#119 of 352
|
Score: 47.6
Improved 25 spots from last year
-10.6 below state avg
296 students
Very Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
3 schools
Farr Academy School
1.0 mi
Grades 07-12
NuVu Innovation School
1.1 mi
Grades 08-12
B-
Community Charter School of Cambridge
1.5 mi
|
#205 of 346
|
Score: 51.9
Dropped 84 spots from last year
-6.3 below state avg
244 students
Diverse
7 sports
• 202 athletes
High Graduation Rate
College Ready Curriculum
Grades 06-12
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Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
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Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,779
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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$0
Total interest paid
$0
Rate Impact
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Current Rate
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+0.5% Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
Harvard Square
48 Kirkland Street, Cambridge MA 02138
Cambridge, MA 02138
Listing Information
Listing Agent
Lori Orchanian
Listing Office
Coldwell Banker Realty - Belmont
Office Phone
617-484-5300
Agent MLS ID
BB802106
Office MLS ID
AN6190
Listing Data Updated
Oct 2, 2026 4:43 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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