About 56-58 Eighth Street
Fantastic side by side 2 family home in highly coveted East Cambridge neighborhood. Phenomenal location on corner lot with convenient access to Kendall Square, MIT, Inman Square, and bustling Cambridge Street. Fully leased through August 2027, this property produces an extremely strong rental income stream with longstanding tenants. Both units offer two levels of living, alongside extensive 2013 renovations that include updated bathrooms, kitchens, flooring, and electric. Designated basement areas with individual laundry and abundant storage space. Unit 58, a legal 3 bedroom/1.5 bathroom home, is also equipped with central heating and air conditioning. Complete with a cozy and well maintained back patio, this low-maintenance property delivers an attractive turnkey profile in prime Cambridge location.
Open House
Features of 56-58 Eighth Street
| MLS® # | 73587683 |
|---|---|
| Price | $1,350,000 |
| Units | 2 |
| Bedrooms | 5 |
| Bathrooms | 2.50 |
| Full Baths | 2 |
| Half Baths | 1 |
| Square Footage | 1,944 |
| Acres | 0.03 |
| Year Built | 1873 |
| Type | Residential Income |
| Sub-Type | 2 Family - 2 Units Side by Side |
| Status | Active |
Community Information
| Address | 56-58 Eighth Street |
|---|---|
| City | Cambridge |
| County | Middlesex |
| State | MA |
| Zip Code | 02141 |
Amenities
| Utilities | for Gas Range, for Gas Oven |
|---|---|
| Parking | On Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 4 |
| Stories | 4 |
Additional Information
| Zoning | C-1 |
|---|---|
| Gross Income | $73,200 |
| Net Operating Income | $73,200 |
| Total Actual Rent | $6,100 |
| Rent Includes | Unit 1(Water), Unit 2(Water) |
Listing Details
| Agent | Joshua Drawas |
|---|---|
| Office | Compass |