292 Prospect Street

Cambridge, MA 02139

$2,550,000
Last Sold Price
9
Beds
6
Baths
5,206 Sq. Ft.
$490 / Sq. Ft.
5,206
Sq. Ft.
$490
per Sq. Ft.

Description

In the heart of Inman Square at the intersection of Hampshire Street & only ½ mile to Central Square. 2 addresses connected with 3 front 2 bedroom units (290 Prospect) & 3 rear 1 bedroom units (292 Prospect). Gut-renovated in 2001; regularly updated since. All units have: eat-in kitchen with granite countertops; wood-appearance laminate flooring or Berber style carpeting; bay windows; high-efficiency heat & air conditioning wall units in each room; gas fireplace heating unit in living room. Additional...In the heart of Inman Square at the intersection of Hampshire Street & only ½ mile to Central Square. 2 addresses connected with 3 front 2 bedroom units (290 Prospect) & 3 rear 1 bedroom units (292 Prospect). Gut-renovated in 2001; regularly updated since. All units have: eat-in kitchen with granite countertops; wood-appearance laminate flooring or Berber style carpeting; bay windows; high-efficiency heat & air conditioning wall units in each room; gas fireplace heating unit in living room. Additional income from coin-operated laundry in recently updated basement. Units are in turnkey condition. 100% occupancy and at present, all Tenants in the building are current with rent payments. Professionally managed with focus on tenant retention.
  1. Listed by John W. Lowenstein • Red Line Real Estate

Property Details for 292 Prospect Street

Town
Cambridge
MLS Area
Inman Square
Area
MA-Cambridge-Inman Square, MA-Cambridge
Garage Spaces
0
Parking Spaces
.00

Location

Listing Courtesy of Red Line Real Estate, John W. Lowenstein

Sold By Compass, Mario Massimino

Add your commute
LISTING UPDATED: 08/06/2022 07:29 AM

Property Details for 292 Prospect Street

StatusSold
MLS #72717626
Days on Market45
Taxes$12,768 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1900
CountyMiddlesex County

Location

Listing Courtesy of Red Line Real Estate, John W. Lowenstein

Sold By Compass, Mario Massimino

Add your commute

Building Information for 292 Prospect Street

Stories9Residences6Year Built1900Building Size-Lot Size0.06 AC / 2,596 SF

Payment Calculator

$14,980 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,916

Property Taxes

$1,064

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 292 Prospect Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Private School, Public School, T-Station, University, Other (See Remarks), Sidewalks
  • Current Financing: Cash
  • Living Area: 5206.0
  • Color: Green/Tan
  • Total Units: 6
  • Property Condition: Unit 1 Remodeled, Unit 2 Remodeled, Unit 3 Remodeled, Unit 4 Remodeled
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • High School: Rindge & Latin
Features
Interior Features
  • Appliances: Washer, Dryer, Unit 1(Range, Dishwasher, Disposal, Microwave, Refrigerator), Unit 2(Range, Unit 3(Range, Unit 4(Range, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Gas Dryer
  • Basement Features: Full, Partially Finished, Interior Access, Concrete Floor
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • DoorFeatures: Insulated Doors
  • FireplaceFeatures: Unit 1(Fireplace - Natural Gas), Unit 2(Fireplace - Natural Gas), Unit 3(Fireplace - Natural Gas), Unit 4(Fireplace - Natural Gas)
  • FireplaceYN: Yes
  • Fireplaces: 6
  • Flooring: Tile, Vinyl, Carpet, Varies Per Unit, Laminate, Hardwood, Wood Laminate, Unit 1(undefined), Unit 2(Tile Floor, Wall to Wall Carpet, Stone/Ceramic Tile Floor), Unit 3(Tile Floor, Unit 4(Tile Floor
  • Interior Features: Storage, Other(See Remarks), Unit 1(Storage, Stone/Granite/Solid Counters, High Speed Internet Hookup, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Programmable Thermostat, Other (See Remarks)), Unit 2(Storage, Unit 3(Storage, Unit 4(Storage, Open Floor Plan, Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room, Unit 4 Rooms(Living Room
  • Interior Features: Other(See Remarks)
  • Laundry Features: Laundry Room, Washer Hookup
Exterior Features
  • Construction: Frame, Conventional (2x4-2x6)
  • Lot Description: Level
  • 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
  • Cooling: Common, Unit 1(Wall AC, 3 or More, Individual, Unit Control), Unit 2(Wall AC, Unit 3(Wall AC, Unit 4(Wall AC, 2 Units
  • Cooling: Yes
  • Electric: Circuit Breakers, 200+ Amp Service, Common, Individually Metered
  • Green Energy Efficient: Thermostat
  • Heating: Common, Unit 1(Gas, Electric, Individual, Unit Control, Wall Unit), Unit 2(Gas, Unit 3(Gas, Unit 4(Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Expenses assume $7,000/unit + 4% vacancy factor. Laundry income is approximately $2,750/year. Unit #6 (not listed below) is the same description as #4 but Floor 3 and Rent $1,769. Sold in “as is” condition. Buyers to perform their own Due Diligence.
Tax Information
  • Tax ID: M:00084 L:00053,403024
  • Assessments: $2,220,600
  • Book: 27142
  • Tax Year: 2020
  • Zoning: C1
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Irregular
Income / Expenses
  • Annual Expenses Source: Estimated
  • GOI: $143,642.00
  • GRE: $47,636
  • NOI: $96,006.00
  • Operating Expense: $47,636.00
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
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $11,741.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 0

Property History for 292 Prospect 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 292 Prospect Street

Taxable ValueLand$1,374,000Additions$1,748,900Total$3,122,900
Tax Record2024$18,488 ($1,541 / month)
Home Facts
Total Finished SqFt5,206 SqFtAbove Grade Finished SqFt5,206 SqFtUnfinished Basement SqFt1,714 SqFtStories3Lot Size2,596 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningC-1CountyMIDDLESEXAPNCAMB M:00084 L:00053

Schools near 292 Prospect 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
Cambridgeport
PublicPK to 5

Cambridge Street Upper School
Public6 to 8

Cambridge Rindge and Latin School
Public9 to 12

King Open
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.

Listing Courtesy of Red Line Real Estate, John W. Lowenstein

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.