Home Homes for Sale 48 Kirkland Street, Cambridge MA 02138
$3,900,000
$903/sqft · Cambridge, MA
10Beds
10Baths
4,320Sqft
0.11 acresLot Size
48 Kirkland Street, Cambridge MA 02138
Active Listed 4 days ago
5-9 Family Built in 1930 0.11 Acre Lot 4 Parking Spaces

What's Special

5-9 FamilyBuilt in 19304 Parking Spaces

ATTENTION BUY-AND-HOLD INVESTORS! Rare opportunity to acquire a stand-alone 10-unit brick building in the highly desirable Harvard Square area. Ideally located at the corner of Kirkland Street and Kirkland Road, this fully leased property offers an appealing, manageable investment opportunity for both experienced and first-time multifamily investors. The building features 10 studio apartments, all currently leased through August 2027, providing immediate and stable rental income. Four off-street driveway parking spaces are also rented, providing an additional income stream. Tenants enjoy individual storage units and on-site laundry facilities located in the lower level. The property is serviced by a newer central gas boiler and central water heater, while tenants are responsible for their own electricity. With its exceptional location, full occupancy, parking and straightforward operation, this is a rare opportunity to acquire a well-positioned multifamily asset in one of the area’s most desirable and consistently sought-after rental markets.

Location

Property Details

Core Details

Property Type5-9 Family
Year Built1930
Parcel Number409720
Zoningb
Stories3
MLS #73586029

Space & Sizing

Living Area4,320 sqft
Above Grade2,880 sqft
Below Grade1,440 sqft
Total Rooms30
Bedrooms10
Bathrooms10
Lot Size0.11 acres

Features & Systems

Parking4 Parking Spaces
Open Parking4
Heating10 Zones
ConstructionFrame
FoundationOther
RoofShingle
SewerPublic Sewer
Water SourcePublic

Features & Amenities

Community Features
Bike Path Highway Access House of Worship Park Private School Public School Public Transportation Shopping T-Station University
Flooring
Hardwood Tile
Levels
3
Lot Features
Corner Lot
Lead Paint
Unknown
Parking Features
Driveway Off Street Paved Drive

Additional Information

Directions: Oxford to Kirkland

Financial Details

Annual Taxes$21,345 (2026)
Assessed Value$3,200,100
Gross Income$249,000
Operating Expense$69,000
Net Operating Income$180,000
Tax Book Number44095
Listed on Oct 2, 2026 Updated Oct 6, 2026 7:05 AM Middlesex County

Interested in this home?

Contact a CRA Agent or Schedule a showing today.

Colonial Realty Associates
(617) 977-6025
MLS #73586029

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.

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