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You are here:
Home Massachusetts Cambridge Multi-Family Homes for Sale

341 Norfolk St Cambridge, MA 02139
51 Days on Boston Pads
36 Photos
$3,400,000
4 Unit
12 Beds
5 Baths
5135 SQFT
0.08 Acre
341 Norfolk St
Cambridge, MA 02139
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Property Description

Minutes from vibrant Inman Square, this rarely available, multi-building property is perfect for investors or end users looking to generate rental income. The multi-family building features 3 units; each is a 3 bed/1 bath. Two of the units have brand new kitchens. The building boasts a newer roof with amazing downtown views. The basement has common laundry and separately assigned storage for all units. The single-family home is a 3 bed/2 bath with an updated eat-in kitchen and open floor plan.There is 1 bed, 1 bath on the 1st floor and the remaining 2 bedrooms and bathroom upstairs. An unfinished basement with high ceilings provides expansion potential. Electricity was recently updated in both buildings. Off-street parking and a shared common yard enhance the property's appeal. With its prime location near Kendall Square, MIT, and Harvard, this property promises strong rental income and growth opportunities. Don't miss out on owning a valuable piece of real estate in Inman Square.
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Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 12
  • Total Full Baths: 5
  • Amenities: Highway Access, Laundromat, Park, Private School, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Concrete Floor, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Tile Floor
  • Common Appliances: Dishwasher, Freezer, Microwave, Range, Refrigerator

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 28800
  • Gross Expenses: 8234
  • Electric Expenses: 192
  • Water/Sewer: 2892
  • INSC: 4600
  • Repairs & Maintenance: 550
  • Net Operating Income: 20566

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 4 Family
  • Foundation Info: Other (See Remarks)
  • Flooring Type: Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73248275
  • Last Updated: 06/10/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
06/10/2024Active$3,400,000$662MLSPIN
06/06/2024New$3,400,000$662MLSPIN

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Seller's Representative: The Goodrich Team, Compass
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: 0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-06-10 03:05:00

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