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68 Gore St 68 Gore St 3 Unit Apartment Building $2,338,166 CAD ($779,389 CAD/Unit) 5.94% Cap Rate Cambridge, MA 02141



INVESTMENT HIGHLIGHTS
- Dynamic Cambridge Location
- Strong Demographics
- Transit Oriented Location
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multifamily investment property located at 68 Gore Street in Cambridge, Massachusetts (the “Property”). Situated in an incredible highdensity, urban-infill, East Cambridge neighborhood, the highly walkable location is a short walk from Kendall Square, Inman Square, the Green Line at the Union Square Station, MIT, MGH, the Charles River Esplanade, and Downtown Boston. 68 Gore Street is a three-story multi-family building that contains a total of three (3) units, comprised of one (1) 3-Bedroom/1-Bathroom unit and two (2) 2-Bedroom/1-Bathroom units with 2,889 square feet of living space in 3,705 square feet of total gross area on 0.04-acres of land. Each of the units are separately metered for heat (gas – FHW), hot water, and electric. The opportunity exists to upgrade the units with modern amenities and to convert a 2-Bedroom unit to a 3-Bedroom unit to drive income at the Property by bringing rents up to market rates. Additionally, the Property offers off-street parking and on-site laundry for residents. 68 Gore Street offers the opportunity to acquire an investment Property in an exceptional, urban-infill location with future upside. The subject property is ideal for a potential buyer looking for an attractive value-add opportunity with income growth and strong investment returns. The Cambridge submarket continues to accelerate thanks to continued commercial and infrastructure development in the area and rents are expected to rise over the coming years.
PROPERTY FACTS
| Price | $2,338,166 CAD | Building Class | C |
| Price Per Unit | $779,389 CAD | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 2,889 SF |
| Cap Rate | 5.94% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1885 |
| Property Subtype | Apartment | ||
| Zoning | C-1 | ||
| Price | $2,338,166 CAD |
| Price Per Unit | $779,389 CAD |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 2,889 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1885 |
| Zoning | C-1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (86)
Bike Score®
Biker's Paradise (97)
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68 Gore St | 68 Gore St
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