162 5th Street

Cambridge, MA

$1,725,000

Property Details

5 Units

3,904 SF Lot

3,264 SF Living Area

Looking for your next project? You don’t want to miss the opportunity to bring this East Cambridge 5 unit multi family into its second act!

Situated in a prime location within the triangle of Cambridge Crossing, Kendall Square, and the newly revamped CambridgeSide Galleria, 162 5th lies on a quiet residential street in the heart of a rapidly developing neighborhood. In the C-1 zoning district, you have the flexibility to explore various renovation plans to maximize your return and leverage the momentum of other gut renovations and new builds currently underway on 5th and adjacent streets.

Future buyers and renters will delight in the numerous parks and playgrounds and easy access to major bus routes, Red and Green train lines, 90/93/Route 1, and Storrow and Memorial Drive. Enjoy a plethora of cafes, eateries, grocery stores, retail shops, breweries, and even a movie theater, all within a half mile! Proximity to the Broad Institute, Moderna, MIT, and other reputable institutions with a premium workforce make local commutes a breeze and demand for nearby housing high. It’s prime time to get in on the action!

Offer Deadline: Saturday, February 10th at noon.

Showing Information

Wednesday, February 7th

11:00 AM - 12:30 PM

Thursday, February 8th

9:30 AM - 11:00 AM

 

Additional Information

Property Details

  • Lot: 3,904 sf +/- (per public record)

  • 5 units

    • (1) - 2 bed/1 bath on 3rd floor

    • (4) - 1 bed/1 baths on 1st and 2nd floors

    • Living Area: 3,264 sf +/- (per public record)

    • Unfinished Basement: 1,258 sf +/- (per public record)

    • Shared, paved and fenced outdoor space

Systems:

  • Unit 1L

    • Gas-fired Burnham Boiler, age 1994

    • Gas-fired Rheem Performance 30 Gal Hot Water Heater, age 2018

    • 60 Amps through circuit breakers

  • Unit 1R

    • Gas-fired Burnham boiler, age 1994

    • Gas-fired Rheem Performance 30 Gal hot water heater, age 2018

    • 60 Amps through circuit breakers

  • Unit 2L

    • Gas-fired Burnham boiler, age 1994

    • Gas-fired Rheem Performance 30 Gal hot water heater, age 2013

    • 60 Amps through circuit breakers

  • Unit 2R

    • Gas-fired Burnham boiler, age 2011

    • Gas-fired GE 30 Gal hot water heater, age 2020

    • 60 Amps through circuit breakers

  • Unit 3

    • Gas-fired boiler and hot water heater, brand and age unknown, estimated 40+ years

    • 60 Amps through circuit breakers

Leases in Place:

  • Unit 1L: $1,350, lease throught 7/31/24

  • Unit 1R: Vacant

  • Unit 2L: $1,350, TAW

  • Unit 2R: $1,350, lease through 6/30/24

  • Unit 3: $1,350, lease through 8/31/24

Taxes:

  • $11,272.27 per year (FY24 Residential)

Disclosures:

  • Property to be sold as-is. Buyers and their representatives responsible for their own due diligence and independent verification of the information provided.

Offer Deadline: Saturday, February 10th at noon.

Listing Agent:

Logan Jacobs, Realtor, 774.573.0941