32 Essex St Cambridge — Photo 1 of 25
$2,348,000
Investment Analysis — 32 Essex St
Cambridge, MA 02139
Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 2 vacant units, a 3-unit multi-family in 02139 carries an estimated $14,000/mo in gross rent — about a 5.02% cap rate and $117,845/yr in estimated NOI at the $2,348,000 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
3
SqFt
3,915
Style
3 Family - 3 Units Up/Down
Built
1888
Rarely available: a spacious 3-family with over 3,900 sq ft of living space in a prime Cambridge location. Set on a quiet, one-way, tree-lined street just steps from Central Square and a mile to both Kendall and Harvard Squares. Each of the three 3-bed/1-bath units offers over 1,300 sq ft and a private porch, with a bonus office in the 2nd and 3rd-floor units. Big-ticket recent updates include a new flat roof (2025), boiler (2024), and hot water heater (2023), all still under warranty. The top-floor owner's unit features central AC, a renovated kitchen, and owned solar panels. A detached garage with electricity and EV charging sits directly behind the house and the generously sized basement offers ample storage plus laundry. Close to HMart, Whole Foods, Target, many restaurants, MIT, Harvard University, the Red Line, and all that Cambridge has to offer. Delivered fully vacant, an excellent opportunity for buy-and-hold investors, owner-occupants, or developers!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Listing Agent: Sage Jankowitz
Listing Office: Cambridge Sage Inc.
MLS® Number: 73581886