1191 Cambridge Street

Cambridge, MA 02139

$3,500,000
Price
4
Beds
3
Baths
1
1/2 Bath
2,616 Sq. Ft.
$1,338 / Sq. Ft.
2,616
Sq. Ft.
$1,338
per Sq. Ft.

Description

Presenting an exceptional investment opportunity in the highly sought-after Inman Square, Cambridge. This mixed-use property features a fully licensed bar and restaurant on the ground floor, offering significant revenue potential. Additionally, the building comprises two residential units above, ensuring multiple income streams. Located just a short distance from the newly opened Green Line stop in Union Square, this property benefits from excellent accessibility. Its proximity to public transportation...Presenting an exceptional investment opportunity in the highly sought-after Inman Square, Cambridge. This mixed-use property features a fully licensed bar and restaurant on the ground floor, offering significant revenue potential. Additionally, the building comprises two residential units above, ensuring multiple income streams. Located just a short distance from the newly opened Green Line stop in Union Square, this property benefits from excellent accessibility. Its proximity to public transportation makes it an attractive choice for both tenants and patrons. Seize the opportunity to own this income-generating property in the vibrant City of Cambridge, MA, boasting an impressive cap rate. Don’t miss out on this prime investment in one of the most dynamic areas of Cambridge.

Listing Agents

  1. Donahue + Greene

    Donahue + Greene

    Listing Agent

    Compass

    donahuegreene@compass.com

    P: (617)-999-5658

  2. Lance Greene

    Lance Greene

    Alternative Listing Agent

    Compass

    lance.greene@compass.com

    P: (617)-999-5658

Property Details for 1191 Cambridge Street

Town
Cambridge
MLS Area
Inman Square
Area
MA-Cambridge-Inman Square, MA-Cambridge
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 09/03/2024 03:08 AM

Property Details for 1191 Cambridge Street

StatusActive
MLS #73283109
Days on Market84
Taxes-
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1900
CountyMiddlesex County
Buyer's Agent Compensation2%

Building Information for 1191 Cambridge Street

Stories6Residences3Year Built1900Building Size-Lot Size0.04 AC / 1,819 SF

Property Information for 1191 Cambridge Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, Public School, T-Station, University
  • Living Area: 2616.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Partial
  • Num of Baths: 4.0
  • Num of Full Baths: 3
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 3.50
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Deck - Roof
  • Lot Description: Corner Lot
  • Patio And Porch Features: Deck - Roof
  • Roof Material: Shingle, Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Gas Oven
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Tax ID: 402833
  • Assessments: $1,113,900
  • Book: 78071
  • Tax Year: 2024
  • Zoning: BA
Building / Association Information
Living Characteristics
  • Beds Total: 4
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone, Brick/Mortar
Income / Expenses
  • GOI: $359,964.00
  • NOI: $359,964.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $29,997.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2

Property History for 1191 Cambridge Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1191 Cambridge Street

Taxable ValueLand$402,200Additions$711,700Total$1,113,900
Home Facts
Total Finished SqFt2,616 SqFtAbove Grade Finished SqFt2,616 SqFtUnfinished Basement SqFt868 SqFtStories2Lot Size1,819 SqFtStyleOffice BuildingYear Built1900ZoningBACountyMIDDLESEXAPNCAMB M:00082 L:00011

Schools near 1191 Cambridge Street

This home is within Cambridge School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Cambridgeport
PublicPK to 5

Cambridge Street Upper School
Public6 to 8

Cambridge Rindge and Latin School
Public9 to 12

King Open
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1191 Cambridge Street is a multi-family home for sale in Cambridge, MA 02139. This property was listed for sale on August 29, 2024 by Compass, it's currently listed at $3,500,000. It has been on the market for a total of 84 days and was last sold on March 13, 2009. This listing's school district is Cambridge School District. Nearby schools include Cambridgeport, Cambridge Street Upper School and Cambridge Rindge and Latin School. 1191 Cambridge Street is a 4-bed, 3.5-bath, 2,616 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.