CCertihomes
223 Charles St, Cambridge, MA 02141

$5,200,000

18 beds 6 baths 6,700 sqft Built 192566 days on marketActive

About this home

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. BUYERS ARE ENCOURAGED TO MAKE AN OFFER - FULL PACKAGE WITH PHOTOS and OPERATING DATA AVAILABLE from the Listing Broker. Solid rental history, efficiently managed by owner, within 5 min walk to MIT/Kendall Red Line, bike to Mass General Hospital & Harvard. Steps from the Broad Institute and top employers.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$30,371/mo

Real estate (PITI + HOA + PMI)
$31,694
Principal + interest$23,584
Property tax + insurance$6,160
PMI / 2nd mortgage$1,950
Utilities
$806
Heating + cooling$241
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$120
Car insurance + maintenance$120
Other (entertainment)
$158
$30,371/mo TLC
Budget$30,871/mo
Remaining after TLC$500/mo
Purchase price
$5,200,000
Down payment
$260,000 (5%)
Loan amount
$4,940,000
APR
4%

Quick facts

Type
5-9 Family
Style
Year built
1925
Lot size
0.09 ac
Stories
5
Heating
Cooling
Water
Public, Individual Meter
HOA
Annual tax
$15,000
MLS #
73211079
County
Middlesex

At a glance

Fireplace

Home features

Community
Sidewalks
Parking
Paved DriveOff StreetLeasedTandemDriveway
Flooring
Wood, Vinyl, Other
Roof
Other
Sewer
Public Sewer

Lot features

Level

Neighborhood — 02141

MetricThis ZIPCountyUSA
Population12,7096,444,931299,088,112
Population Change Since199012.00%7.00%20.00%
Population Density20,224786
Male6,6563,127,134147,432,321
Female6,0533,317,797151,655,844
Never Married5,1441,612,88563,775,926
Married3,6612,586,314123,120,365
Separated694247,85712,639,686
Widowed649363,59415,467,586
Divorced869436,88823,075,029
Number Of House Hold5,6672,431,591111,826,380
Average House Hold Size2.212.562.60
Medial Age33.4637.2535.46
Median House Hold Income$46,571$57,698$48,276
Average House Hold Income$60,873$75,023$63,629
P C I$27,724$29,196$24,529
M D I$39,933$48,105$41,133
A T H E$49,913$57,083$50,898
S T R5.00%5.00%
W C J88.06%81.38%77.74%
(Zip) Code
2141

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 3/12/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.