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$1.5M total
—
Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA8 — Medium Rise
$ / SF
—
Occupancy
93%
Lot Size
0.38 ac
Exceptional commercial investment opportunity in Cambridge featuring a six-unit multi-residential income property on an approximately 0.4-acre inner-city corner lot. The offering includes a substantial 1920s Arts & Crafts main building of approximately 4,800 sq. ft. together with a detached rear duplex, creating a diversified six-unit rental asset.The property combines established income with significant value-add potential. A vacant approximately 1,600 sq. ft. main-floor unit provides an opportunity for premium leasing, owner occupancy, or repositioning, while the remaining units contribute ongoing rental income. The main building retains distinctive architectural character, including cut-sandstone veneer, solid brick construction, original woodwork, and two main-floor fireplaces.Additional features include a partially finished walk-out basement with approximately 8-ft ceilings, multiple entrances, separate hydro for the rear duplex, and a substantial portion of open land that may offer future infill or accessory development potential, subject to municipal approvals. A unique opportunity for investors seeking income, character, land value, and long-term redevelopment potential in a well-positioned Cambridge location. (id:66811)
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Monthly debt service
$7K
Projected NOI
$66K
Annual cash flow
$-17K
Cash-on-cash
-3.70%
DSCR
0.80
Going-in cap
4.43%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
42,558
Households
17,086
Median income
$90,500
Median age
44.8
Daytime population
63,627
5-yr growth
6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 916 QUEENSTON ROAD, Cambridge.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.