About this home
ATTENTION BUY-AND-HOLD INVESTORS! Rare opportunity to acquire a stand-alone 10-unit brick building in the highly desirable Harvard Square area. Ideally located at the corner of Kirkland Street and Kirkland Road, this fully leased property offers an appealing, manageable investment opportunity for both experienced and first-time multifamily investors. The building features 10 studio apartments, all currently leased through August 2027, providing immediate and stable rental income. Four off-street driveway parking spaces are also rented, providing an additional income stream. Tenants enjoy individual storage units and on-site laundry facilities located in the lower level. The property is serviced by a newer central gas boiler and central water heater, while tenants are responsible for their own electricity. With its exceptional location, full occupancy, parking and straightforward operation, this is a rare opportunity to acquire a well-positioned multifamily asset in one of the area’s most desirable and consistently sought-after rental markets.
Listing last checked: Listing updated:
Listed by Lori Orchanian · Coldwell Banker Realty - Belmont · MLS #73586029
Request property information
Select a document to start a request. You can add others in the form. Availability varies.
Details at a glance
Interior3 property facts
- Rooms
- 30
- Flooring
- Tile, Hardwood
- Basement
- Yes · Partially Finished, Interior Entry, Bulkhead
Building5 property facts
- Style
- 5-9 Family
- Year built
- 1930
- Parking
- 4
- Foundation
- Other
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 0.11 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- b
Financial2 property facts
- Annual taxes
- $21,345
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $3,900,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$21,499 / monthAdjust
- Principal & interest
- $19,721
- Property tax
- $1,779
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $21,345. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Exp
$1,650 · Nov 22, 2024
- Lsd
$1,750 · Sold $1,750 · Nov 5, 2024
- Lsd
$1,750 · Sold $1,750 · Sep 23, 2024
More property insights
Automated value estimate $3,806,636
Estimated range $3,344,066–$4,269,205.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: average
Explore more of Cambridge
Continue your search in Cambridge.
Need help making sense of this home?
About 48 Kirkland Street
Can I request a private showing?
Request a tour of 48 Kirkland Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.