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9-UNIT Building 239-243 Columbia St 9 Unit Apartment Building $6,197,389 CAD ($688,599 CAD/Unit) 5.53% Cap Rate Cambridge, MA 02139
Investment Highlights
- UPSIDE POTENTIAL, IN-DEMAND ASSET TYPE
- STRONG RENTAL LOCAITON IN CAMBRIDGE
- RECENT IMPROVEMENTS, LONG TERM OWNERSHIP
Executive Summary
Hunneman is pleased to present the opportunity to acquire 239–243 Columbia Street, an attractive 9-unit multifamily property located in the Port neighborhood of Cambridge, Massachusetts. The property consists of nine (9) spacious two-bedroom apartments, with each upper-floor units featuring an additional den that functions as a home office or smaller third bedroom.
The asset is 100% occupied, providing immediate in-place cash flow supported by a strong history of occupancy and long term ownership. With its desirable unit layout, exceptional Cambridge location, and potential for future revenue growth, 239–243 Columbia Street presents a compelling investment opportunity.
The asset is 100% occupied, providing immediate in-place cash flow supported by a strong history of occupancy and long term ownership. With its desirable unit layout, exceptional Cambridge location, and potential for future revenue growth, 239–243 Columbia Street presents a compelling investment opportunity.
Property Facts
| Price | $6,197,389 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $688,599 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.53% | Building Size | 8,460 SF |
| Gross Rent Multiplier | 13.5 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | C1 | ||
| Price | $6,197,389 CAD |
| Price Per Unit | $688,599 CAD |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Gross Rent Multiplier | 13.5 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 8,460 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | C1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Exceptionally bikeable
100/100
Property Taxes
| Parcel Number | CAMB-000086-000000-000064 | Improvements Assessment | $2,568,381 CAD |
| Land Assessment | $2,003,859 CAD | Total Assessment | $4,572,240 CAD |
Property Taxes
Parcel Number
CAMB-000086-000000-000064
Land Assessment
$2,003,859 CAD
Improvements Assessment
$2,568,381 CAD
Total Assessment
$4,572,240 CAD
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9-UNIT Building | 239-243 Columbia St
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