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

1191 Cambridge Cambridge, MA 02139

$3,500,000
3 Unit
4 Beds
4 Baths
2616 SQFT
0.04 Acre
1191 Cambridge
Cambridge, MA 02139

Property 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 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.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 4
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Amenities: Bike Path, Conservation Area, Highway Access, Medical Facility, Park, Public School, Public Transportation, Shopping, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Partial

Financial

  • APOD Available: No
  • Gross Operating Income: 359964
  • Net Operating Income: 359964

Utilities

  • Utility Connections: for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73283109
  • Last Updated: 09/03/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
09/03/2024Active$3,500,000$1,338MLSPIN
09/03/2024Active$3,500,000$1,005MLSPIN
08/30/2024New$3,500,000$1,005MLSPIN
08/30/2024New$3,500,000$1,338MLSPIN

Mortgage Calculator

View Breakdown

Map & Resources

Cambridgeport School

Public Elementary School, Grades: PK-5

0.25mi

King Open School

Public Elementary School, Grades: PK-5

0.28mi

Cambridge Street Upper School

Public Middle School, Grades: 6-8

0.3mi

Jack Hamilton Center

Grades: PK-K

0.35mi

Prospect Hill Academy Charter School

Charter School

0.38mi

John M Tobin School

Public Elementary School, Grades: PK-5

0.38mi

Prospect Hill Academy Charter School

Charter School, Grades: PK-12

0.42mi

Albert F. Argenziano School at Lincoln Park

Public Elementary School, Grades: PK-8

0.43mi

Parlor Sports

Bar

0.25mi

Remnant Brewing Satellite

Bar

0.28mi

Somerville Brewing Company

Bar

0.42mi

bom dough

Cafe

0.09mi

1369 Coffee House

Coffee Shop. Offers: Vegetarian

0.18mi

Longfellows

Cafe

0.35mi

Barismo 364

Coffee Shop & Cake (Cafe)

0.4mi

Starbucks

Coffee Shop

0.42mi

Somerville Police Department

Police

0.5mi

Cambridge Fire Department

Fire Station

0.19mi

Somerville Fire Department

Fire Station

0.47mi

Temporary Station 10

Fire Station

0.57mi

Cambridge Hospital

Hospital

0.32mi

Spaulding Hospital Cambridge

Hospital

0.48mi

Community Art Center

Arts Centre

0.43mi

Landmark Theatres

Cinema

0.45mi

Cambridge Piano Lessons

Music Venue

0.18mi

Gold Star Pool

Swimming Pool

0.35mi

Fitness Together

Fitness Centre

0.13mi

Fitlab Pilates

Fitness Centre. Sports: Pilates

0.13mi

Art and Soul Yoga

Fitness Centre. Sports: Yoga

0.29mi

Argenziano Field

Sports Centre. Sports: Soccer

0.37mi

CrossFit Somerville

Sports Centre

0.38mi

Elm-Hampshire Park

Park

0.15mi

Paine Park

Municipal Park

0.25mi

Concord Square

Park

0.26mi

Donnelly Field

Municipal Park

0.26mi

Portuguese Plaza

Park

0.27mi

Sennott Park

Municipal Park

0.32mi

Maple Avenue Park

Park

0.36mi

Lincoln Park

Municipal Park

0.36mi

Longfellow School Playground

Playground

0.35mi

Duffett Tot Lot

Playground

0.36mi

Arthur J. Shallow Playground

Playground

0.4mi

Wilder Play Area

Playground

0.45mi

Cambridge Health Alliance

Doctor

0.28mi

Camberville Dentist

Dentist

0.34mi

Harvard Street Dental

Dentist

0.45mi

Speedway

Gas Station

0.1mi

Shell

Gas Station

0.18mi

Broadway Gas

Gas Station

0.33mi

Franco's Hair Studio

Hairdresser

0.1mi

Filomena's

Beauty

0.11mi

Dollar General

Variety Store

0.14mi

Target

Department Store

0.42mi

City Schemes

Furniture

0.44mi

Tropical Dimension Food Store

Supermarket

0.08mi

Whole Foods Market

Supermarket

0.37mi

Target

Supermarket

0.4mi

Target

Supermarket

0.41mi

Whole Foods Market

Supermarket

0.42mi

Cambridge St @ Norfolk St

69

0.05mi

Cambridge St @ Norfolk St

69

0.05mi

Cambridge St @ Prospect St

69

0.06mi

Prospect St @ Cambridge St

91

0.06mi

Cambridge St @ Prospect St

69

0.07mi

Prospect St @ Cambridge St

91

0.08mi

Columbia St @ Cambridge St

747
85

0.13mi

Cambridge St @ Columbia St

69
747
85

0.15mi

Seller's Representative: Donahue + Greene Group, Compass
MLS ID#: 73283109

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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 2024-09-03 03:05:00