361 Washington St

Cambridge, MA, 02139

$4,200,000

$658 per ft²
$4,200,000
$658 per ft²
Active
Active
 - For Sale
beds
18 Beds
baths
6 Baths
carpenters-square
6,378 ft²
property_type
Multi-family
calendar
Built 1900
The Property located at 361 Washington Street is a turn-key six-unit multi-family investment property located in Central Square in Cambridge. The three-story building contains six (6) 3-Bedroom/1-Bathroom residential units with 6,378 square feet of living area in 9,220 square feet of gross area on a 0.12-acre parcel. The property is situated in an excellent urban-infill location, only steps to Central Square Station (Red Line). All units have been leased for the 22-23 rental cycle (5 of 6 units expire 8/31/23). The Property has great curb appeal with a well-maintained exterior and grounds and offers on-site laundry, tandem parking, separate heat/hot water and electric for all units as well as covered porches in the buildings rear and hardwood floors throughout. With over $265,000 of Gross Income and a 5.33% CAP RATE, 361 Washington offers investors to acquire a turn-key 6-unit in one of the strongest real estate markets in the country with the opportunity to increase revenue.
MLS® ID:
73014689
Listed:
7/19/22
Updated:
8/17/22

Interior Features

Kitchen Appliances
Gas Water Heater
Total Bedrooms
18
Full Bathrooms
6
Laundry Description
Laundry Room

Exterior/Building Features

Lot Size
5,129 ft² lot
Sewer
Public Sewer

Other Property Details

Taxes
$17174
Tax Frequency
per YEAR
Garage
No
Parking
Paved Drive
Parking Total
2.0
View
N
County
Middlesex
Water Source
Public
Pool
No
Total Stories
10
Zoning
C1

 

Courtesy of John Pentore, Horvath & Tremblay

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Data last updated 11:30 PM UTC, 8/17/22

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