Property Description

142-144 Webster Ave, which is a 6.29% CAP RATE, contains five (5) 2-Bedroom/1-Bathroom units with 4,176 square feet of gross living area in 4,908 square feet of gross area situated upon a 0.07-acre parcel. The Property has been impeccably maintained under current ownership, offering investors a turnkey asset in one of the nation’s most desirable rental markets. Each unit has been renovated and features hardwood flooring, granite countertops, updated white cabinetry, tiled bathrooms and kitchens, and updated appliances, including dishwashers and gas-fired stoves. The Property benefits from separately metered utilities, including individual gas-fired forced hot water (FHW) heating systems, separate gas-fired hot water systems, and individually metered electricity. The Landlord is solely responsible for city water & sewer. Additional capital improvements include a new asphalt shingle roof installed in 2023 and new vinyl siding and heating systems installed within the past 10 years, minimizing near-term capital expenditure requirements. 142-144 Webster Avenue is well-positioned in Cambridge, with proximity to both The Port and Kendall Square neighborhoods, offering convenient access to the city’s vibrant commercial corridors, employment centers, and surrounding residential neighborhoods. The Property benefits from strong connectivity to major regional routes including Cambridge Street, McGrath Highway (Route 28), and Interstate 93, while nearby MBTA Green Line stations at Union Square and Lechmere, as well as Kendall/MIT and Central Square stations, provide efficient public transportation throughout Cambridge and into Boston.