Marcus and Millichap is pleased to present the opportunity to own a 6-unit multifamily building located in Cambridge, MA. The property is located less than half a mile from MIT and the Kendall Square MBTA Red Line Station. The building is comprised of (6) 3 bedroom, 1 bathroom units and (2) non-conforming 2 bedroom, 1 bathroom units. The building is a versatile offering that bodes well as a long term rental or condominium conversion play. Cambridge continues to be one of New England’s strongest real estate markets and investors will be able to take advantage of the tremendous rent growth and property appreciation this area continues to experience year after year.
Kendall Square has been called “the most innovative square mile on the planet,” due to the high concentration of start-ups and quality of innovation which have emerged in the vicinity of the square since 2010. Industry giants like Amazon, Google, Microsoft, Facebook, Twitter, Pfizer, IBM, and Novartis also have a presence there. The Broad Institute, Draper Laboratory, Forsyth Institute, Koch Institute, and the Massachusetts Biotechnology Council have made the area a premier research hub. Kendall Square home to what’s widely considered the world’s leading cluster of biotech. There are well over 250 biotech companies in Cambridge, with a significant portion in and around Kendall Square. The neighborhood has over 50,000 people who work in the area on a daily basis and a growing residential population.
223-225 Charles St. Cambridge, MA
3,999 SF Lot
6 UnitsOFFERING MEMORANDUM