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The Property located at 361 Washington Street is a turn-key six-unit multi-family investment property located in Central Square in Cambridge. The three-story building contains six (6) 3-Bedroom/1-Bathroom residential units with 6,378 square feet of living area in 9,220 square feet of gross area on a 0.12-acre parcel. The property is situated in an excellent urban-infill location, only steps to Central Square Station (Red Line). All units have been leased for the 22-23 rental cycle (5 of 6 units expire 8/31/23). The Property has great curb appeal with a well-maintained exterior and grounds and offers on-site laundry, tandem parking, separate heat/hot water and electric for all units as well as covered porches in the buildings rear and hardwood floors throughout. With over $265,000 of Gross Income and a 5.33% CAP RATE, 361 Washington offers investors to acquire a turn-key 6-unit in one of the strongest real estate markets in the country with the opportunity to increase revenue.

Property Details of 361 Washington Street

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Listed by John Pentore and Dennis Kelleher of Horvath & Tremblay

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