341 Norfolk St

Cambridge, MA 02139 View Map $3,400,000 Schedule a Tour
Beds12
Baths5
Sq.Ft.5,135
Year1900
The Goodrich Team

The Goodrich Team

(617) 398-4444

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Status: Active
Property Type:4 Family
MLS #:73248275
Sq. Feet:5,135
On Site:10 Days
Lot Size:0.08 Acres
County:Middlesex
Minutes from vibrant Inman Square, this rarely available, multi-building property is perfect for investors or end users looking to generate rental income. The multi-family building features 3 units; each is a 3 bed/1 bath. Two of the units have brand new kitchens. The building boasts a newer roof with amazing downtown views. The basement has common laundry and separately assigned storage for all units. The single-family home is a 3 bed/2 bath with an updated eat-in kitchen and open floor plan.There is 1 bed, 1 bath on the 1st floor and the remaining 2 bedrooms and bathroom upstairs. An unfinished basement with high ceilings provides expansion potential. Electricity was recently updated in both buildings. Off-street parking and a shared common yard enhance the property's appeal. With its prime location near Kendall Square, MIT, and Harvard, this property promises strong rental income and growth opportunities. Don't miss out on owning a valuable piece of real estate in Inman Square.

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Community Information

Address:341 Norfolk St, Cambridge, MA 02139
County:Middlesex
Zip Code:02139

Architecture

Bedrooms: 12
Bathrooms: 5
Year Built:1900
Stories:6
Building Area: 5135
Basement: Concrete, Unfinished
Parking Features: Off Street, Paved
Parking Total: 1

Features / Amenities

Interior Features: Living Room, Kitchen
Appliances: Range, Dishwasher, Microwave, Refrigerator, Freezer
Flooring: Wood, Tile
Total Rooms:20

Property Features

Lot Size: 0.08 Acres
Lot Features: Level
Sewer: Public Sewer
Water: Public
Electric: Individually Metered
Road Frontage: Public
Road Surface: Paved
Zoning:C-1
Directions:Cambridge St to Norfolk St

Tax and Financial Info

Tax Year: 2024
Tax Annual Amount: $11,230
Gross Income: $28,800
Net Operating Income: $20,566
Electric Expense: $192
Insurance Expense: $4,600
Water/Sewer Expense: $2,892
Operating Expense: $8,234
Total Actual Rent: $2,400
Buyer Agency Compensation: 2.5
Buyer Agent Compensation: 2.5
Disclosures: Two separate structures on the same lot and same feed. 339 Norfolk St is a 3 family. 341 Norfolk St is a single family. One parking space on property. One unit has a TAW paying below market rent, $2400/mo. Incoming buyer to d

Listing Agent/Office

Listing provided courtesy of The Goodrich Team, Compass.

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341 Norfolk St Cambridge,  MA 02139
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341 Norfolk St Cambridge, MA 02139
 
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Listing Information Last Updated 6/15/2024