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$ 1,798,000
Est. payment /mo
New
253 Cambridge St Cambridge, MA 02141
5 Beds
3 Baths
2,922 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family - 3 Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 2,922 sqft
Price per Sqft $615
MLS Listing ID 73367362
Bedrooms 5
Full Baths 3
Year Built 1900
Annual Tax Amount $11,548
Tax Year 2024
Lot Size 871 Sqft
Acres 0.02
Property Sub-Type 3 Family - 3 Units Up/Down
Property Description
Very rare to the market mixed-use property in a prime Cambridge location, just minutes from Kendall Square, MIT, Cambridge Hospital, Inman Square, and Lechmere Station. This solid 3-story brick building features two residential units above a street-level commercial space currently operating as a restaurant. All three units are Tenant-at-Will and well below market rent, offering exceptional flexibility for repositioning for rent increases. The total market rent should be well over $12k monthly. The residential units are ideally situated to benefit from Cambridge's consistently high rental demand and low vacancy rates, while the commercial space provides significant income opportunity in a high-visibility location. A compelling investment for buyers seeking steady cash flow with long-term upside in one of the area's most sought-after neighborhoods. Showings by appointment only. Please do not disturb the restaurant tenant. Also listed under Commercial MLS #73367367.
Location
State MA
County Middlesex
Zoning BA
Direction Use GPS.
Rooms
Basement Interior Entry
Interior
Flooring Wood
Exterior
Community Features Public Transportation, Medical Facility, Highway Access, T-Station
Utilities Available for Gas Range, for Gas Oven
View Y/N Yes
View City View(s)
Roof Type Rubber
Garage No
Building
Story 6
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Mr. Chaddles Real Estate
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