CCertihomes
2 & 4 Sherman Street, Cambridge, MA 02138

$5,999,000

12 beds 12 baths 10,656 sqft Built 192024 days on marketActive

About this home

Discover an exceptional investment opportunity! Situated in a great location, steps from Danehy Park; close to Porter Square, Harvard University, Davis Square, Alewife and Cambridge's vibrant shops, restaurants and top universities. These two six-family buildings boast a collection of well-maintained one-bedroom, one-bath units, each offering comfortable living spaces and modern amenities. Nearly all units can be easily converted into spacious two-bedroom apartments. These properties feature ample off-street parking, ensuring convenience and accessibility for tenants. Currently, all units are rented, underscoring the strong rental demand in the area. This turnkey investment promises immediate returns and long-term growth potential. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a profitable venture, these buildings offer a fantastic opportunity to secure your financial future. Don't miss this rare chance to own a lucrative piece of real estate

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
$35,608/mo

Real estate (PITI + HOA + PMI)
$37,165
Principal + interest$27,208
Property tax + insurance$7,707
PMI / 2nd mortgage$2,250
Utilities
$938
Heating + cooling$307
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$120
Car insurance + maintenance$120
Other (entertainment)
$158
$35,608/mo TLC
Budget$36,108/mo
Remaining after TLC$500/mo
Purchase price
$5,999,000
Down payment
$299,950 (5%)
Loan amount
$5,699,050
APR
4%

Quick facts

Type
5+ Family - 5+ Units Side by Side
Style
Year built
1920
Lot size
0.23 ac
Stories
9
Heating
Cooling
Water
Public
HOA
Annual tax
$23,024
MLS #
73227441
County
Middlesex

At a glance

Basement

Home features

Community
Public TransportationShoppingTennis Court(s)Walk/Jog TrailsMedical FacilityBike PathHouse of WorshipPrivate SchoolPublic SchoolUniversity
Parking
Paved DriveOff StreetAssigned
Flooring
Tile, Hardwood
Roof
Rubber
Sewer
Public Sewer

Lot features

Corner Lot, Level

Neighborhood — 02138

MetricThis ZIPCountyUSA
Population32,1486,444,931299,088,112
Population Change Since19905.00%7.00%20.00%
Population Density10,463786
Male15,3663,127,134147,432,321
Female16,7823,317,797151,655,844
Never Married15,9191,612,88563,775,926
Married8,2812,586,314123,120,365
Separated2,116247,85712,639,686
Widowed1,032363,59415,467,586
Divorced1,903436,88823,075,029
Number Of House Hold12,6872,431,591111,826,380
Average House Hold Size1.892.562.60
Medial Age29.9437.2535.46
Median House Hold Income$62,981$57,698$48,276
Average House Hold Income$96,355$75,023$63,629
P C I$45,088$29,196$24,529
M D I$52,174$48,105$41,133
A T H E$68,094$57,083$50,898
S T R5.00%5.00%
W C J85.75%81.38%77.74%
(Zip) Code
2138

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 4/23/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.