$5,200,000
223 Charles St, Cambridge, MA
18
Beds
6
Baths
6,700
Square feet
0.09
Acres
KENDALL SQUARE GEM in EAST CAMBRIDGE, MA ONE OF THE PREMIER MARKETS IN THE COUNTRY! A unique opportunity to acquire an investment grade fully-leased SIX FAMILY property with the potential to add two conforming units OR MAY HAVE POTENTIAL TO REDEVELOP INTO SINGLE FAMILY HOME WITH OFFICE OR MAY HAVE POTENTIAL FOR CONDOMINIUM CONVERSION. Each unit is separately metered. CURRENTLY, the Property features Four Parking Spaces with an attractive Outdoor Garden. There is a Coin-Operated Laundry W/D in basement. A new rubber roof was installed in 2023 and a Locinvar Heating System was installed in 2018; the property is in good condition and is offered AS IS. BUYERS ARE ENCOURAGED TO MAKE AN OFFER - FULL PACKAGE WITH PHOTOS and OPERATING DATA AVAILABLE from the Listing Broker. Solid rental history, owner leased, efficiently managed, within 5 min walk to MIT/Kendall Red Line, bike to Mass General Hospital & Harvard. Steps from the Broad Institute.
Facts & Features
| MLS® # | 73211079 |
|---|---|
| Price | $5,200,000 |
| Bedrooms | 18 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 6,700 |
| Acres | 0.09 |
| Year Built | 1925 |
| Type | Residential Income |
| Sub-Type | 5-9 Family |
| Status | Active |
| Taxes | $15,000 |
| Tax Year | 2024 |
Community Information
| Address | 223 Charles St |
|---|---|
| Area | East Cambridge |
| City | Cambridge |
| County | Middlesex |
| State | MA |
| Zip Code | 02141 |
Amenities
| Utilities | for Electric Range, for Gas Oven |
|---|---|
| Parking Spaces | 4 |
| Parking | Paved Drive, Off Street, Leased, Tandem, Driveway |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | Yes |
|---|---|
| # of Fireplaces | 1 |
| # of Stories | 5 |
| Basement | No |
Exterior
| Lot Description | Level |
|---|---|
| Roof | Other |
| Foundation | Other |
Additional Information
| Zoning | C-1 check |
|---|---|
| Condo Fees | $0 |
| Units In Complex | 6 |
| Electric | Other (See Remarks) |
| Flooring | Wood, Vinyl, Other |
| Road Type | Public |
| Water | Public, Individual Meter |
| Sewer | Public Sewer |
| Utility Connections | for Electric Range, for Gas Oven |
Listing Details
| Agent | Mary Gardill |
|---|---|
| Office | Mary Gardill |
| Sub Agent Compensation | 2% |
| Sub Agent Compensation Type | % |
| Buyer Agent Compensation | 2% |
| Buyer Agent Compensation Type | % |
| Compensation Based On | Gross/Full Sale Price |
| Sub Agency Relationship Offered | Yes |