Rare opportunity in a thriving East Cambridge neighborhood close to Kendall to own a 5 unit parcel that consists of 2 separate buildings (front and back with green space in between). The front building is a flat-roof triple decker with 3 units and the rear building is a 2 family. The units have slightly different layouts but all have 4 rooms, 2 bedrooms, one bath and in-unit laundry except for U-1 in the back building. That apartment (U-1 R) has dedicated laundry in the basement and the second bedroom turned into an office. The buildings have a strong rental history and have been extremely well-maintained. All utilities for all apartments are separately metered. Heating systems are gas-fired hot water boilers and hot water tanks are all gas-fired. The exteriors, including fire escapes, are in excellent condition. An unbeatable East Cambridge location that makes for a very smart investment and offers options for investors and end-users. Group showings only. 4/25-4/26 from 4-5:30.
Sale Statistics
Sale Overview
Original List Price:$2,350,000
Final Sale Price:$2,465,000
Difference:
+$115,000 (+4.9%)
Performance Metrics
104.9%
List to Sale Ratio
Sold above asking price
34
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft:$551
Sale $/sq ft:$578
This property sold for $578 per square foot
Sale Summary
This property sold for 4.9% above the original asking price, indicating strong buyer demand.
The property spent 34 days on market before selling.
Facts & Features
Property Overview
Property Type
5-9 Family
Property Category
Residential Income
Year Built
1894
Bedrooms
10
Full Bathrooms
5
Living Area
4,263 sq ft
Total Rooms
20
Stories
5
Levels
5
Interior Features
Flooring
Tile, Vinyl, Laminate, Hardwood
Has Fireplace
No
Interior Features
Kitchen, Laundry Room
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Interior Entry, Unfinished
Window Features
Insulated Windows
Exterior & Structure
Construction Materials
Frame
Roof
Tar/Gravel, Rubber
Foundation
Stone
Exterior Features
Rain Gutters, Garden
Patio/Porch Features
Patio
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.08 acres
Lot Size
3,699 sq ft
Lot Size Area
0.0800
Lot Features
Level
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Parking Features
On Street
Utilities & Systems
Utilities Available
for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit
Water Source
Public
Sewer
Public Sewer
Electric
100 Amp Service
Community & HOA
Community Features
Public Transportation, Shopping, Public School, T-Station
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$10,157
Tax Year
2024
Tax Assessed Value
$1,715,700
Parcel Number
M:00026 L:00005,400593
Zoning
C-1
Financial Data Source
Owner, Limited Information
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Lead test done in '95- no reports avail. There is one unused empty oil tank in basement. 3 leases ends 8/31/24 and one lease ends 6/30/24. One is a TAW. Will require commercial financing because it's more than 4 units. City records have an inaccurate room count. Annual expenses/income based on 2023.
Location
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Neighborhood
East Cambridge
144 Spring St, Cambridge MA 02141
Cambridge, MA 02141
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$846
Homeowners Insurance$200
PMI$0
Property History
Market Insights
4.7%
Price Range
36
Total Days on Market
Property Timeline
✓
Sold
Sep 4, 2024
$2,465,000
Property sold
Days on Market: 36
🏠
Listed for Sale
Apr 23, 2024
$2,350,000
Original listing
Agent: Bill AibelOffice: Coldwell Banker Realty - Cambridge
