April 23, 2024 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of three (3) multi-family units in Cambridge, Massachusetts. Horvath & Tremblay exclusively represented the seller in the transaction. The desirable asset sold for $1,730,000 and $576,667 per unit.
The multi-family property is located at 146 Webster Avenue in the Wellington-Harrington neighborhood of Cambridge, Massachusetts. Situated in an incredible high-density, urban-infill Cambridge neighborhood, the highly-walkable location is a short walk from Kendall Square, Inman Square, the Green Line at the Union Square Station, MIT, MGH, the Charles River Esplanade, and Downtown Boston. 146 Webster Avenue is a three-story multi-family building that contains a total of three (3), 3-Bedroom/1-Bathroom units with 2,976 square feet of living space in 4,063 square feet of total gross area on 0.043-acres of land. Each of the units are separately metered for heat (forced hot water baseboard), hot water and electric. 146 Webster Avenue has been well maintained and underwent extensive renovations to the exterior and interior of the building in 2020. The exterior renovations include new siding, pavers, and windows. The unit interiors were also renovated and feature new kitchen cabinets, granite countertops, and stainless-steel appliances with gas stoves and dishwashers. Additionally, the building has a coin-operated laundry facility in the basement. The Property is well located on Webster Avenue seconds from both Hampshire Street and Cambridge Street in the high-density, urban-infill neighborhood of Wellington-Harrington. The Property is 0.4-miles from Kendall Square and 0.7-miles from Inman Square and the Union Square T Station. The location is an easy walk to the employment centers of Kendall Square and Downtown Boston, multiple public transportation options, and numerous shopping, dining, entertainment, and outdoor recreation options. Notable amenities within walking distance include Cambridgeside Galleria, Twin Cities Plaza (Star Market & Marshalls), Target, Whole Foods, MIT, Kendall Square, Union Square, and the Charles River Esplanade.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.