2-4 Sherman Street

Cambridge, MA 02138

$6,500,000
Price
12
Beds
12
Baths
10,656 Sq. Ft.
$610 / Sq. Ft.
10,656
Sq. Ft.
$610
per Sq. Ft.

Description

Discover an exceptional investment opportunity! Situated in a great location, steps from Danehy Park; close to Porter Square, Harvard University, Davis Square, Alewife and Cambridge's vibrant shops, restaurants and top universities. These two six-family buildings boast a collection of well-maintained one-bedroom, one-bath units, each offering comfortable living spaces and modern amenities. Nearly all units can be easily converted into spacious two-bedroom apartments. These properties feature ample...Discover an exceptional investment opportunity! Situated in a great location, steps from Danehy Park; close to Porter Square, Harvard University, Davis Square, Alewife and Cambridge's vibrant shops, restaurants and top universities. These two six-family buildings boast a collection of well-maintained one-bedroom, one-bath units, each offering comfortable living spaces and modern amenities. Nearly all units can be easily converted into spacious two-bedroom apartments. These properties feature ample off-street parking, ensuring convenience and accessibility for tenants. Currently, all units are rented, underscoring the strong rental demand in the area. This turnkey investment promises immediate returns and long-term growth potential. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a profitable venture, these buildings offer a fantastic opportunity to secure your financial future. Don't miss this rare chance to own a lucrative piece of real estate
  1. Listed by Kimberly Kearns-Nardone • Century 21 CELLI
  2. Listed by Vanessa Palmieri • Century 21 CELLI

Property Details for 2-4 Sherman Street

Town
Cambridge
Area
MA-Cambridge
Garage Spaces
0
Parking Spaces
12.00
Parking Spaces Total
12

Open Houses

Sunday, May 5th

12:00 PM - 2:00 PM

PublicView Details

Location

Listing Courtesy of Century 21 CELLI, Kimberly Kearns-Nardone; Century 21 CELLI, Vanessa Palmieri
Add your commute
LISTING UPDATED: 04/29/2024 07:16 PM

Property Details for 2-4 Sherman Street

StatusActive
MLS #73227441
Days on Market12
Taxes$23,024 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Side by Side
Year Built1920
CountyMiddlesex County

Location

Listing Courtesy of Century 21 CELLI, Kimberly Kearns-Nardone; Century 21 CELLI, Vanessa Palmieri
Add your commute

Building Information for 2-4 Sherman Street

Stories9Residences12Year Built1920Building Size-Lot Size0.23 AC / 10,181 SF

Payment Calculator

$37,392 per month

30 year fixed, 7.25% Interest

Principal and Interest

$35,473

Property Taxes

$1,919

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2-4 Sherman Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Tennis Court, Walk/Jog Trails, Medical Facility, Bike Path, House of Worship, Private School, Public School, University
  • Living Area: 10656.0
  • Color: Biege
  • SqFt with Basement: No
  • Total Units: 12
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 12.0
  • Num of Full Baths: 12
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 12.00
  • Bathrooms Total Integer: 12
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Hardwood
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Lot Description: Corner Lot, Level
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Assigned
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Assigned
  • Parking Features: Off-Street, Assigned
Utilities
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • 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: Estate Sale. Seller has never resided at property. Please see attached rent roll for more information regarding rents,leases and expenses.
Tax Information
  • Listing Terms: Estate Sale
  • Tax ID: M:00206 L:00074,414859
  • Assessments: $3,889,200
  • Book: N/A
  • Tax Year: 2024
  • Zoning: B
Building / Association Information
Living Characteristics
  • Beds Total: 12
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Brick/Mortar
Income / Expenses
  • GOI: $59,400.00
  • NOI: $59,400.00
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: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $4,950.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 2-4 Sherman Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2-4 Sherman 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
Graham and Parks School
PublicPK to 5

Vassal Lane Upper School
Public6 to 8

Cambridge Rindge and Latin School
Public9 to 12

John M. Tobin Montessori 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2-4 Sherman Street is a multi-family home for sale in Cambridge, MA 02138. This property was listed for sale on April 23, 2024 by Century 21 CELLI, it's currently listed at $6,500,000. This listing's school district is Cambridge School District. Nearby schools include Graham and Parks School, Vassal Lane Upper School and Cambridge Rindge and Latin School. 2-4 Sherman Street is a 12-bed, 12-bath, 10,656 sqft multi-family home built in 1920.

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.

Listing Courtesy of Century 21 CELLI, Kimberly Kearns-Nardone; Century 21 CELLI, Vanessa Palmieri

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.