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2 Hingham St 8 Unit Apartment Building $6,195,000 ($774,375/Unit) 5.04% Cap Rate Cambridge, MA 02138
INVESTMENT HIGHLIGHTS
- Excellent location for tenants
- Turnkey investment property
- Versatile unit options
EXECUTIVE SUMMARY
RARE OPPORTUNITY! INVESTOR’S DREAM! TURNKEY EIGHT-UNITS PROPERTY W. EXCELLENT LOCATION AND HIGH RENTAL INCOME! This 3 level GEM nestles at a corner lot between Hingham St and Putnam Ave, including four townhouse-style units facing Hingham St, and four studio units with access from Putnam Ave. Each townhouse unit offers 3 levels of comfort living, first level features open concept living, dining area, kitchen and a half bathroom. Second floor hosts two bedrooms, and a fullbathroom w. laundry unit. Top level boasts two bedrooms, including a master ensuite. Each studio apartment w. separated entrance features full kitchen and bathroom. All units are under leasing cycles as August 31st, w. total monthly rental income$32,450. Steps away from Charles River, Harvard Business School, Harvard Main Campus, near MIT, walking distance to Red Line Central Station, and quick access to Storrow Dr. and I90. Don’t miss out on this Rare Opportunity!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $6,195,000 | Apartment Style | Low-Rise |
| Price Per Unit | $774,375 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.04% | Building Size | 8,160 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | ||
| Zoning | C3 - Commercial | ||
| Price | $6,195,000 |
| Price Per Unit | $774,375 |
| Sale Type | Investment |
| Cap Rate | 5.04% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 8,160 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Zoning | C3 - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Skylights
- Large Bedrooms
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $2,150 | 500 |
| 4+2.5 | 4 | $5,825 | 1,500 |
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (73)
PROPERTY TAXES
| Parcel Number | CAMB-000130-000000-000014 | Improvements Assessment | $2,717,500 (2025) |
| Land Assessment | $2,473,000 (2025) | Total Assessment | $5,190,500 (2025) |
PROPERTY TAXES
Parcel Number
CAMB-000130-000000-000014
Land Assessment
$2,473,000 (2025)
Improvements Assessment
$2,717,500 (2025)
Total Assessment
$5,190,500 (2025)
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2 Hingham St
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