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9-15 Berkshire St 6 Unit Apartment Building $3,698,000 ($616,333/Unit) 5.26% Cap Rate Cambridge, MA 02141
Investment Highlights
- Six-family building offering a unit mix of four two-bedroom apartments and two three-bedroom residences.
- Positioned steps from Kendall Square, a major hub for MIT, life sciences, and global tech employers.
- Convenient access to MBTA Red Line, Charles River Basin, and downtown Boston via nearby routes.
- Strong rental income with a reported NOI of approximately $194,400 and current gross income exceeding $20,000 per month.
- Features include hardwood flooring, efficient layouts, and upgraded kitchens and baths in all units.
Executive Summary
Exceptional six-family investment opportunity just steps from Kendall Square. This well-maintained three-story building features two units per floor. The two ground-level units offer private entrances, while the upper-level units are accessed via shared entrances—one for the left-side units on the second and third floors, and one for the right side. Four units (on the ground and second floors) include 2 bedrooms and 1 bathroom, while the two top-floor units feature 3 bedrooms and 1 bathroom. The property has been professionally managed, and all units are in excellent condition. Strong rental income with a cap rate above 5%. Flexible ownership options: occupy one unit and rent the others or operate all six as income-generating rentals. All current leases end on Aug 31, 2026. A full basement with over 1,800 square feet offers significant potential for additional use or future finishing. See attached interactive floor plans and 3D tour for a detailed view of the property.
Property Facts
| Price | $3,698,000 | Apartment Style | Low-Rise |
| Price Per Unit | $616,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 5.26% | Building Size | 5,267 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | ||
| Zoning | C1 - Commercial | ||
| Price | $3,698,000 |
| Price Per Unit | $616,333 |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 5,267 SF |
| No. Stories | 3 |
| Year Built | 1915 |
| Zoning | C1 - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+1 | 2 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Strong public transit
80/100
Exceptionally bikeable
100/100
Property Taxes
| Parcel Number | CAMB-000040-000000-000148 | Improvements Assessment | $943,800 |
| Land Assessment | $1,344,000 | Total Assessment | $2,287,800 |
Property Taxes
Parcel Number
CAMB-000040-000000-000148
Land Assessment
$1,344,000
Improvements Assessment
$943,800
Total Assessment
$2,287,800
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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9-15 Berkshire St
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