Three Properties.
One Exceptional Corridor.
A rare portfolio of 23 income-producing units in the heart of Cambridge — walkable to Harvard, MIT, and Kendall Square, with transformative zoning upside and three compelling exit paths.
Cambridge Residential: Tight Supply, Growing Demand, Persistent Premium.
Cambridge residential sits in a structurally different supply-demand position than the rest of Greater Boston. The city's residential vacancy rate runs near 1% — one of the lowest urban vacancy rates in the United States. Availability stands at 3.84%. The tenant pool is self-replenishing: 50,000+ students and 100,000+ employees cycle through Harvard, MIT, and the Kendall Square employment corridor every year, creating permanent baseline demand that no developer can easily satisfy.
Rents have grown for three consecutive years and continue on a 1.5–2.5% annual trajectory. The Cambridge public school system — CRLS ranked among the top high schools in Massachusetts — is beginning to attract the kind of owner and renter premium that Palo Alto saw a generation ago. That premium is still early-stage in Cambridge.
Kendall Square anchors the demand engine. Novartis, Pfizer, Biogen, AstraZeneca, Google, and the Broad Institute sit within a 10-minute bike ride of this portfolio. These employers generate a self-sustaining pipeline of high-income renters — researchers, engineers, and executives — who prioritize location over price and renew at above-average rates.
This portfolio is priced at rents that predate the current market. The land, the zoning, the employment base, and the emerging school premium it sits adjacent to belong to where Cambridge is going. That gap — between in-place rents and market rents — is the investment.
Seven Reasons to Buy
Established Location, Proven Demand
Direct access to Harvard, MIT, and Kendall Square — the most concentrated employment and research corridor on the East Coast. Walking distance to Central Square Red Line, Whole Foods, and the full Central/Inman amenity base. Sub-3% vacancy historically, driven by a tenant pool that renews by default.
By-Right Development Potential
Cambridge zoning now permits up to six stories of mixed-use density by right on all three parcels — no rezoning, no variance, no political process. One property carries residential, office, and hotel use under a single deed, the broadest permitted use in the portfolio.
Credit-Quality Tenant Base
Graduate students, researchers, and employed professionals from Harvard, MIT, and the Kendall Square employment base. Low turnover, reliable payment, and minimal management intensity. Strong secondary demand from corporate furnished rentals at 2–3× standard rates — Harvard faculty, visiting executives, and biotech staff on short rotations.
Three Clear Exit Paths
Hold stabilized for $602K+ in annual NOI with low management overhead. Convert to individually deeded condo units for a 15–25% per-door premium over multifamily pricing. Or develop to permitted density for 50%+ land value upside. The entry price supports all three — choose at closing or after.
Harvard / MIT Adjacent Premium
Cambridge is following the Palo Alto playbook. In the Stanford corridor, families routinely overbid millions on homes purely for school district access — for AP courses, professor relationships, and the admissions edge that proximity provides. Cambridge is entering that same dynamic: access to MIT and Harvard AP courses, faculty references, and research opportunities demonstrably improve college admissions outcomes. Palo Alto priced this in decades ago. Cambridge is just beginning to — and this portfolio sits at the center of it.
Day-One Cash Flow
$602,346 in verified annual NOI at acquisition — no lease-up period, no stabilization risk. Parking income, furnished rental premiums, and rent-to-market upside available without development. Cash-on-cash returns improve immediately as units cycle to current market rents.
Parking — A Disappearing Asset
Secured parking in this corridor commands $250–400/month per space today. As Cambridge builds upward and surface lots are absorbed into development, that supply shrinks permanently. Boston's central parking spaces already trade at $500,000+ per space. Two properties in this portfolio control parking access their direct competitors cannot replicate. That advantage compounds as the city densifies — it is structural, not incidental.
Everything Within Reach
All three properties sit within a tight Cambridge corridor — minutes from every university, square, restaurant, and transit hub that defines life in one of America's most desirable zip codes. Click any pin for details.
Three Properties, Three Opportunities
- Broadest zoning in portfolio: residential + office + hotel — the only asset with commercial conversion options.
- Largest lot at 6,726 SF + easement — maximum development envelope; adjacent $4M commercial comp proves active developer demand.
- Cambridge's updated zoning may permit density increase to 6 stories by-right — no rezoning battle required.
- Gross rent $171,120/yr on 5 units; NOI margin 76.4% — lean expense structure with taxes, insurance, gas, and electric totaling $27,649/yr.
- Portfolio's #1 income producer: $261,919 NOI — 43.5% of total portfolio income from a single asset.
- Best cap rate at ask (6.72%) — most institutionally priced; trades at a level institutional buyers recognize.
- Units in this corridor command $3,200+/mo — durable pricing power backed by Harvard, MIT, and biotech demand.
- Harvard/Inman Square corridor: historically sub-3% vacancy driven by university and biotech employment.
- Dual address (23 and 25) — can be legally separated into two distinct multifamily assets, an exit option unavailable in any comparable property.
- Free driveway easement on 27 Inman — parking access competitors lack. Cambridge spaces command $250–400/mo today, and Boston's central parking already trades at $500K+ per space as the market densifies.
- Largest building at 5,314 SF — highest per-unit square footage; attracts long-term professional tenants.
- Unit 25-3 is month-to-month — immediate rent reset and repositioning flexibility for incoming owner on day one.
In-Place Income & Rent Roll
All income figures derived from executed leases and seller records. Portfolio rents run substantially below current Cambridge market rates — representing immediate upside as units cycle.
| Property | Units | Gross Annual | Expenses | NOI | Cap Rate |
|---|---|---|---|---|---|
| 329 Broadway | 5 | $171,120 | $27,649 | $130,709 | 3.27% |
| 278 Harvard St | 10 | $280,380 | $37,370 | $261,919 | 6.72% |
| 23–25 Inman St | 8 | $254,400 | $38,535 | $209,718 | 5.52% |
| Portfolio Total | 23 | $705,900 | $103,554 | $602,346 | 5.15% |
Seller-verified figures. NOI includes parking income and all revenue streams. Expenses reflect actual property-level operating costs; management fees not included.
329 Broadway — Rent Roll
5 units · 3,390 SF · $14,260/mo| Unit | Type | SF | Rent/Mo | Lease Term | Notes |
|---|---|---|---|---|---|
| 329-1 | 2 Bed / 3 Bath | 1,065 | $3,300 | 9/1/25–5/31/26 | |
| 329-2 | 2 Bed / 1 Bath | 520 | $2,800 | 9/1/25–8/31/26 | |
| 329-3 | 2 Bed | 675 | $2,680 | 6/1/26–5/31/27 | |
| 329-4A | 2 Bed | 675 | $2,930 | 9/1/25–8/31/26 | Incl. 1 parking space |
| 329-4B | Studio | 455 | $2,550 | 7/1/25–6/30/26 | |
| Total | 4 × 2BR · 1 × Studio | 3,390 | $14,260 | ||
278 Harvard St — Rent Roll
10 units · 4,463 SF · $23,365/mo| Unit | Type | SF | Rent/Mo | Lease Term | Status |
|---|---|---|---|---|---|
| 278-1 | Studio | 260 | $2,280 | 9/1/25–8/31/26 | Leased |
| 278-2 | Studio | 290 | $2,130 | 7/1/25–6/30/26 | Leased |
| 278-3 | Studio | 270 | $1,900 | 9/1/25–8/31/26 | Leased |
| 278-4 | Studio | 320 | $2,050 | 9/1/25–8/31/26 | Leased |
| 278-5 | Studio | 260 | $2,280 | 6/1/25–8/31/26 | Leased |
| 278-6 | Studio | 275 | $1,950 | 11/8/25–8/31/26 | Leased |
| 278-7 | Studio | 280 | $2,300 | 8/1/25–7/31/26 | Leased |
| 278-8 | Studio | 280 | $2,075 | 3/1/26–8/31/26 | Leased |
| 278-9 | 2 Bed | 630 | $3,200 | 7/1/25–6/30/26 | Leased |
| 278-10 | 2 Bed | 635 | $3,200* | — | Available — immediate |
| Total | 8 × Studio · 2 × 2BR | 4,463 | $23,365 | *At market; unit immediately available for lease | |
23–25 Inman St — Rent Roll
8 units · 6,315 SF · $21,200/mo| Unit | Type | SF | Rent/Mo | Lease Term | Notes |
|---|---|---|---|---|---|
| 23-1 | 2 Bed | 1,750 | $3,010 | 3/1/26–5/31/27 | |
| 23-2 | 1 Bed | 530 | $2,480 | 9/1/25–8/31/26 | |
| 23-3 | Studio | 290 | $1,900 | 10/1/25–8/31/26 | |
| 23-4 | 2 Bed | 590 | $2,800 | 9/1/25–8/31/26 | Incl. 1 parking space |
| 25-1 | 2 Bed | 1,750 | $3,210 | 6/1/25–5/31/26 | Incl. 1 parking space |
| 25-2 | 1 Bed | 500 | $2,550 | 9/1/25–8/31/26 | |
| 25-3 | Studio | 290 | $2,250* | Expired 5/31/25 | MTM — reposition at $2,800+ |
| 25-4 | 2 Bed | 615 | $3,000 | 9/1/25–8/31/26 | |
| Total | 3 × Studio · 2 × 1BR · 5 × 2BR | 6,315 | $21,200 | *MTM lease; market repositioning available at close | |
Cambridge, Massachusetts
Cambridge is defined by its vibrant "Squares" — each with its own character, from Ivy League grandeur to bohemian local life. All three properties sit within the center of this ecosystem.
Dining, Culture & the Outdoors
The Neighborhood in Photos
Harvard, MIT, Charles River, Kendall Square, and beyond.
Pricing & Exit Strategy
Properties are priced individually or as a portfolio bundle. Whether your mandate is yield, value-add, or development, Cambridge 02139 delivers a credible path to each.
278 Harvard St — $3,900,000
23–25 Inman St — $3,800,000
Stabilize & Cash Flow
Buy and collect $602K+ in verified annual NOI in a corridor where units command $3,200+/mo. A near-turnkey income portfolio in one of the tightest rental markets in America.
- →$602,346 verified NOI from day one
- →Units command $3,200+/mo in this corridor
- →Sub-3% historical vacancy corridor
- →Parking + turnover income layers on top
- →Airbnb / corporate rental premium at 329 Broadway
Condo Conversions
Sell units individually as condo-ready assets. Cambridge condo demand from Harvard/MIT affiliates and biotech professionals is perennial — per-door premiums run 15–25% above multifamily.
- →23–25 Inman's dual address enables a split sale
- →278 Harvard's 10 units = institutional condo play
- →329 Broadway's hotel/office zoning = boutique exit
- →No development risk — existing structures qualify
- →Each door sold individually captures full retail premium
Full Development
Leverage Cambridge's updated zoning to transform 3-story wood-frame structures into 6-story amenity-filled buildings with parking. Adjacent comps confirm developer demand is live.
- →329 Broadway: broadest zoning — residential/office/hotel
- →6-story density by-right under Cambridge zoning
- →Adjacent $4M commercial build confirms market depth
- →Parking structure = recurring income on top of rents
- →15–20 units where 5–10 exist today
Built for a Range of Buyers
Cambridge multifamily at this scale works across a wide range of acquisition profiles. Below are the buyer types that have historically found the most value in portfolios like this one — though inquiries from all qualified buyers are welcomed.
Interested in the opportunity?
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