144 Spring Street

Cambridge, MA 02141

$2,350,000
Price
10
Beds
5
Baths
4,263 Sq. Ft.
$551 / Sq. Ft.
4,263
Sq. Ft.
$551
per Sq. Ft.

Description

Rare opportunity in a thriving East Cambridge neighborhood close to Kendall to own a 5 unit parcel that consists of 2 separate buildings (front and back with green space in between). The front building is a flat-roof triple decker with 3 units and the rear building is a 2 family. The units have slightly different layouts but all have 4 rooms, 2 bedrooms, one bath and in-unit laundry except for U-1 in the back building. That apartment (U-1 R) has dedicated laundry in the basement and the second bedroom...Rare opportunity in a thriving East Cambridge neighborhood close to Kendall to own a 5 unit parcel that consists of 2 separate buildings (front and back with green space in between). The front building is a flat-roof triple decker with 3 units and the rear building is a 2 family. The units have slightly different layouts but all have 4 rooms, 2 bedrooms, one bath and in-unit laundry except for U-1 in the back building. That apartment (U-1 R) has dedicated laundry in the basement and the second bedroom turned into an office. The buildings have a strong rental history and have been extremely well-maintained. All utilities for all apartments are separately metered. Heating systems are gas-fired hot water boilers and hot water tanks are all gas-fired. The exteriors, including fire escapes, are in excellent condition. An unbeatable East Cambridge location that makes for a very smart investment and offers options for investors and end-users. Group showings only. 4/25-4/26 from 4-5:30.
  1. Listed by Bill Aibel • Coldwell Banker Realty - Cambridge

Property Details for 144 Spring Street

Town
Cambridge
MLS Area
East Cambridge
Area
MA-Cambridge-East Cambridge, MA-Cambridge
Style
Garden
Garage Spaces
0
Parking Spaces
.00

Location

Listing Courtesy of Coldwell Banker Realty - Cambridge, Bill Aibel
Add your commute
LISTING UPDATED: 05/01/2024 08:01 AM

Property Details for 144 Spring Street

StatusContingent
MLS #73227341
Days on Market8
Taxes$10,157 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1894
CountyMiddlesex County

Location

Listing Courtesy of Coldwell Banker Realty - Cambridge, Bill Aibel
Add your commute

Building Information for 144 Spring Street

Stories9Residences5Year Built1894Building Size-Lot Size0.08 AC / 3,699 SF

Payment Calculator

$13,671 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,825

Property Taxes

$846

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 144 Spring Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Public School, T-Station
  • Living Area: 4263.0
  • Color: slate blue
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Vinyl, Laminate, Hardwood
  • Interior Features: Kitchen, Laundry Room
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters, Garden
  • Exterior Features: Garden Area, Patio
  • Lot Description: Level
  • Patio And Porch Features: Patio
  • Roof Material: Tar/Gravel, Rubber
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
  • Electric: 100 Amp Service
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Lead test done in '95- no reports avail. There is one unused empty oil tank in basement. 3 leases ends 8/31/24 and one lease ends 6/30/24. One is a TAW. Will require commercial financing because it's more than 4 units. City records have an inaccurate room count. Annual expenses/income based on 2023.
Tax Information
  • Tax ID: M:00026 L:00005,400593
  • Assessments: $1,715,700
  • Book: 65335
  • Tax Year: 2024
  • Zoning: C-1
Building / Association Information
Living Characteristics
  • Beds Total: 10
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 5
  • Heat Zones: 5
Income / Expenses
  • Annual Expenses Source: Owner, Limited Information
  • GOI: $121,800.00
  • GRE: $22,000
  • NOI: $99,800.00
  • Operating Expense: $22,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $7,750.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 1

Property History for 144 Spring 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 144 Spring Street

Taxable ValueLand$977,600Additions$738,100Total$1,715,700
Tax Record2024$10,157 ($846 / month)
Home Facts
Lot Size3,699 SqFtStyleMulti-Family Dwelling (2-4)ZoningC-1CountyMIDDLESEXAPNCAMB M:00026 L:00005

Schools near 144 Spring Street

This home is within Cambridge School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Kennedy-Longfellow School
PublicPK to 5

Cambridge Street Upper School
Public6 to 8

Cambridge Rindge and Latin School
Public9 to 12

Fletcher/Maynard Academy
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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Listing Courtesy of Coldwell Banker Realty - Cambridge, Bill Aibel

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.