118 Magazine Street

Cambridge, MA 02139

$2,000,000
Last Sold Price
—
Beds
2
1/2 Baths
5,996 Sq. Ft.
$334 / Sq. Ft.
5,996
Sq. Ft.
$334
per Sq. Ft.

Description

Attention developers, small business owners, and intrepid homeowners--a corner property in the heart of Cambridgeport brimming with potential! With nearly 6,000 square feet of gross interior space, this 1922 storefront building is currently being using as an office. The city places it in a C zone, with both commercial and residential uses allowed. A dramatic skylit entry foyer bisects the space, with large open rooms and private offices on either side. Downstairs are two more large rooms, along with...Attention developers, small business owners, and intrepid homeowners--a corner property in the heart of Cambridgeport brimming with potential! With nearly 6,000 square feet of gross interior space, this 1922 storefront building is currently being using as an office. The city places it in a C zone, with both commercial and residential uses allowed. A dramatic skylit entry foyer bisects the space, with large open rooms and private offices on either side. Downstairs are two more large rooms, along with two bathrooms and a kitchenette. Both lower and upper floors boast 8'10" +/- ceilings. The flat roof was replaced in 2017. Property will be delivered vacant.

Property Details for 118 Magazine Street

Town
Cambridge
Area
MA-Cambridge
Garage Spaces
0
Parking Spaces
.00

Location

Add your commute
LISTING UPDATED: 11/30/2023 04:37 PM

Property Details for 118 Magazine Street

StatusSold
MLS #73164146
Days on Market2
Taxes$24,122 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family - 2 Units Side by Side
Year Built1922
CountyMiddlesex County

Location

Add your commute

Building Information for 118 Magazine Street

Stories4Residences2Year Built1922Building Size-Lot Size0.08 AC / 3,650 SF

Payment Calculator

$12,925 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$2,010

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 118 Magazine Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Withheld
  • Living Area: 5996.0
  • SqFt with Basement: Yes
  • Total Units: 2
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 2.0
  • Num of Full Baths: 0
  • Num of Half Baths: 2
  • Bathrooms Total Decimal: 1.00
  • Bathrooms Total Integer: 2
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Concrete
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Brick
  • Lot Description: Corner Lot
  • Roof Material: Rubber
  • Waterfront Features: Beach Front, River, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: On Street Permit
  • Open Parking: Yes
  • Parking Features: On Street Permit
  • Parking Features: On Street Permit
Utilities
  • Cooling: Unit 1(Central Air), Unit 2(Central Air)
  • Cooling: Yes
  • Electric: Circuit Breakers
  • Heating: Unit 1(Forced Air, Gas), Unit 2(Forced Air
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Currently used as office space. Two of the four heating/cooling units (for the lower level spaces) do not work. Ask listing agent about monthly rent/lease
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:00102 L:00025,404711
  • Assessments: $2,256,200
  • Book: 28037
  • Tax Year: 2023
  • Zoning: C
Building / Association Information
Living Characteristics
  • Beds Total: 0
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Stone
  • Frontage: 100.00
Income / Expenses
  • GOI: $239,976.00
  • NOI: $239,976.00
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: 1
  • Lease U2: N
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $19,998.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 2.5

Property History for 118 Magazine 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 118 Magazine Street

Taxable ValueLand$923,700Additions$1,266,700Total$2,190,400
Tax Record2024$22,912 ($1,909 / month)
Home Facts
Total Finished SqFt5,996 SqFtAbove Grade Finished SqFt5,996 SqFtStories1Lot Size3,650 SqFtStyleOffice BuildingYear Built1922Year Renovated1987ZoningCCountyMIDDLESEXAPNCAMB M:00102 L:00025

Schools near 118 Magazine Street

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

Cambridge Rindge and Latin School
Public9 to 12

Morse School
PublicPK to 5

Martin Luther King, Jr. School
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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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. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

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.