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$7,200,000
Total Beds: 26 Total Baths: 12
Total Units: 12 SQFT: 13602
LOT size: 0.16 Acres
355-365 Prospect St & Clary St
Cambridge, MA 02139
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Property Description

Situated on one tax-parcel, 355-365 Prospect Street & 6-8 Clary Street is a two-building, three-storied multi-family property that contains a total of twelve units, comprised of ten 2-Bedroom/1-Bathroom units and two 3-Bedroom/1-Bathroom units. 355-365 Prospect consists of nine Two-Bedroom/1 Bathroom Units. 6-8 Clary Street consists of three units with two 3-Bedroom/1-Bathroom units and one 2-Bedroom/1-Bathroom unit. The Property features hardwood floors throughout and in-unit washers and dryers. Several units feature modern upgrades and renovations. Each unit is separately metered for gas, heat, hot water and electricity. 6-8 Clary Street is sub-metered for water and sewer. 355-365 Prospect Street and 6-8 Clary Street offers the opportunity to acquire a well-maintained investment Property with upside in an exceptional, urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns.

Property Details

Building Information

  • Total Units: 12
  • Total Floors: 3
  • Total Bedrooms: 26
  • Total Full Baths: 12
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails

Financial

  • APOD Available: No
  • Gross Operating Income: 492631
  • Gross Expenses: 83988
  • Net Operating Income: 408643

Utilities

  • Electric Info: Individually Metered
  • 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: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Other (See Remarks)
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73415683
  • Last Updated: 08/12/25

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Map

Seller's Representative: Kelleher - Pentore Team, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1.5
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 2025-08-12 03:05:00