











Description
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.
Similar Listings
$7,450,000
3
4
MLS# 72982153
Listing Agent: Maggie Gold Seelig
Courtesy of: MGS Group Real Estate LTD
$7,450,000
6
9
MLS# 73002397
Listing Agent: Lindsay Allison and Lisa May
Courtesy of: Gibson Sotheby's International Realty
$6,990,000
31
14
MLS# 73017870
Listing Agent: Team Mariano Smith
Courtesy of: Mariano Smith & Co.
$6,990,000
MLS# 73017889
Listing Agent: Team Mariano Smith
Courtesy of: Mariano Smith & Co.
$5,500,000
30
4
MLS# 73010735
Listing Agent: Carl Christie
Courtesy of: Carl Christie
$5,200,000
16
8
MLS# 73019764
Listing Agent: Tony Pepdjonovic
Courtesy of: Marcus & Millichap Real Estate Investment Services
$5,000,000
18
36
MLS# 73016719
Listing Agent: Christopher Sower
Courtesy of: Cushman & Wakefield
$4,999,000
42
44
MLS# 72911268
Listing Agent: David Lilley
Courtesy of: RE/MAX Destiny
$4,999,000
MLS# 72910792
Listing Agent: David Lilley
Courtesy of: RE/MAX Destiny
$3,500,000
MLS# 73015701
Listing Agent: The LIV Group
Courtesy of: Berkshire Hathaway HomeServices Commonwealth Real Estate
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Listing Agent: John Pentore Agent phone: 781-776-4004 Courtesy of: Horvath & Tremblay Office phone: 781-776-4000 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.
Privacy Policy Notice: All information collected voluntarily from you will be used to personalize your experience, improve our website and improve our customer service. This information will not be shared with any other third persons or entities. Updated: 18th August, 2022 4:16 PM (UTC)