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 full bathroom 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! GROUP SHOWING: FRIDAY, 4/4/2025, 2:30 - 3:30PM.
— MLSPIN #: 73347172Map of 2 Hingham St, Cambridge, MA 02138
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| List Price: | $6,250,000 |
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| Status: | Active |
| MLS ID: | 73347172 |
| Town: | Cambridge |
| County: | Middlesex |
| Zip: | 02138 |
| Property Type: | Residential Income |
| Property Sub Type: | 5-9 Family |
| Bedrooms: | 20 |
| Full Baths: | 12 |
| Half Baths: | 4 |
| Living Area: | 8,160 sqft |
| Acres: | 0.09 |
| Taxes: | 32,960 |
| Appliances: | Dishwasher, Freezer, Washer, Refrigerator |
| Cooling: | Window Unit(s) |
| Flooring: | Tile, Vinyl, Hardwood |
| Heating: | Baseboard, Natural Gas |
| Lot Features: | Corner Lot |
| Parking Features: | On Street |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1920 |
| Roof: | Tile |
| Window Features: | Skylight(s) |
| Directions: | Memorial Drive to Hingham St. |
| Laundry Features: | Electric Dryer Hookup |
| Foundation Details: | Stone |
| Construction Materials: | Frame, Stone |
| Listing Contract Date: | 2025-03-19 |
| Cooling?: | Yes |
| Heating?: | Yes |
| Lot Size Area: | 0.09 |
| Lot Size Square Feet: | 3,808 |
| Rooms Total: | 36 |
| Bathrooms Total Integer: | 16 |
| Basement: | true |
| Basement: | Partial, Partially Finished |
| Building Area Source: | Public Records |
| Building Area Total: | 8,160 |
| Community Features: | Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, Private School, Public School, T-Station, University |
| Interior Features: | Stone/Granite/Solid Counters, Living Room, Dining Room, Kitchen |
| Levels: | 13 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 8 |
| Open Parking?: | Yes |
| Parcel Number: | 408328 |
| Patio And Porch Features: | Deck - Wood |
| Rent Includes: | Unit 1(Heat, Electric, Gas, Water, Hot Water), Unit 2(Heat, Electric, Gas, Water, Hot Water), Unit 3(Heat, Electric, Gas, Water, Hot Water), Unit 4(Heat, Electric, Gas, Water, Hot Water) |
| Road Frontage Type: | Public |
| Road Surface Type: | Paved |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range, for Gas Oven, for Electric Dryer |
| Zoning: | C-1 |
| Stories Total: | 13 |
| Year Built Source: | Public Records |
| Disclosures: | Photos are from a year ago, new photo will be uploaded. Seller has never lived in the property. Buyer and buyer's agent do their own due-diligence. Current rent covers utility expenses. |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Estimated |
| Gross Income: | $32,450 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Comp Based On: | Net Sale Price |
| Disclosure: | Yes |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 1 |
| Flrs 3: | 1 |
| Flrs 4: | 1 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Lease 3: | Yes |
| Lease 4: | Yes |
| Levels 1: | 3 |
| Levels 2: | 3 |
| Levels 3: | 3 |
| Levels 4: | 3 |
| Listing Alert: | No |
| List Price Per Sqft: | $765.93 |
| Page: | 118 |
| Price Per Sqft: | $765.93 |
| Square Feet Disclosures: | Living area is approximate. It's for marketing purpose only. Buyers do their own due-diligence. |
| Square Feet Incl Base: | Yes |
| Sub Agency Offered: | No |
| Net Operating Income: | $308,400 |
| Original List Price: | $6,250,000 |
| Tax Assessed Value: | $5,190,500 |
| Tax Year: | 2025 |
| Total Actual Rent: | $23,600 |
| Year Built Details: | Approximate |
| Waterview Flag: | No |
| Bedrms 1: | 4 |
| Bedrms 2: | 4 |
| Bedrms 3: | 4 |
| Bedrms 4: | 4 |
| F Bths 1: | 2 |
| F Bths 2: | 2 |
| F Bths 3: | 2 |
| F Bths 4: | 2 |
| Hot Water: | Natural Gas, Tank, Tankless |
| H Bths 1: | 1 |
| H Bths 2: | 1 |
| H Bths 3: | 1 |
| H Bths 4: | 1 |
| Rent1: | 5,950 |
| Rent2: | 5,650 |
| Rent3: | 6,000 |
| Rent4: | 6,000 |
Disclaimer:
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. 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, leasing or renting 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, leasing or renting. MLS Property Information Network, Inc. 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.
MLS Property Information Network, Inc. data last updated on April 15, 2025 01:34 AM
Property Last Updated: April 04, 2025 11:03 AM
Listing Courtesy of: Coldwell Banker Realty - Cambridge
Listing Agent: Nathan Long
617-821-5889
