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$2,880,000
Total Beds: 6 Total Baths: 3
Total Units: 3 SQFT: 2360
LOT size: 0.05 Acres
94-98 Banks Street
Cambridge, MA 02138
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Property Description

Rare opportunity in the "Golden Triangle" of Harvard Square,beautifully renovated multi-family property located at 96-98 Banks St. This address offers a unique investment opportunity or perfect option for those seeking a versatile living space. Property boasts a total of six bedrooms and three baths, thoughtfully distributed to maximize both privacy and functionality. Currently taxed as three individual condo units.Step outside each unit to discover a private deck, a serene retreat perfect for relaxation or outdoor gatherings, offering a peaceful escape from the hustle and bustle of city life.Convenience is further enhanced with on-site parking w/ an electric charging station, a valuable feature in this sought-after location. Prime location provides easy access to the vibrant amenities and cultural offerings of Cambridge, ensuring a dynamic lifestyle for its residents.Whether you're looking to invest or create your own urban oasis, this multi-family home offers endless possibilities

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: Bike Path, Highway Access, Medical Facility, Park, Public Transportation, Shopping, University, Walk/Jog Trails
  • Common Interior Features: Ceiling Fans
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Common Heating: Ductless Mini-Split System, Gas, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 139200
  • Gross Expenses: 31338
  • Electric Expenses: 660
  • Water/Sewer: 1790
  • INSC: 4278
  • Management Fee: 4596
  • Miscellaneous Expense: 3958
  • Net Operating Income: 107862

Utilities

  • Heat Zones: 3
  • Cooling Zones: 6
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1886
  • Type: 3 Family
  • Foundation Info: Irregular
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73357255
  • Last Updated: 04/13/25

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Map

Seller's Representative: Elizabeth Wolf, Compass
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-04-13 04:05:00

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