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199-201 Hamilton Street #2 Cambridge — Photo 1 of 17

199-201 Hamilton Street #2 Cambridge — Photo 1 of 17

$898,000

Investment Analysis — 199-201 Hamilton Street #2

Cambridge, MA 02139 — Cambridgeport

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02139 carries an estimated $4,000/mo in gross rent — about a 3.16% cap rate and $28,354/yr in estimated NOI at the $898,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

1,199

Style

Condominium

Built

1890

Set within a cheerful yellow Victorian with handsome period details and a wonderful solid wood entry door, 199 Hamilton Street feels distinctly Cambridge: full of character, easy to live in and connected to so much of what makes the city special. Tucked along a quiet residential street in the heart of Cambridgeport, the home pairs the warmth of a classic 19th century residence with a comfortable, inviting interior. High ceilings, beautifully refinished hardwood floors and oversized east facing windows fill the living room, dining room and bedrooms with lovely morning light, while original transom windows and exposed brick speak to the home’s history.The rooms are comfortable and nicely proportioned, with an easy flow from the living room through the dining room to the spacious kitchen. From there, step outside to the shared garden and patio, a welcome extension of the living space for grilling, dinner outside or simply unwinding at the end of the day. Two bedrooms offer flexibility, including an especially generous front bedroom, while a large entry closet provides the kind of storage that is always appreciated in city living.Downstairs, more than 550 square feet of exclusive use basement space adds another layer of practicality. Recently refreshed with a new poured concrete floor, it provides private laundry and remarkable storage, with plenty of room for bikes, seasonal gear and all the things you would rather not have competing for space upstairs.And then there is Cambridgeport itself. Black Sheep Market is just a block away, with the Charles River, neighborhood parks and playgrounds, Whole Foods and Trader Joe’s nearby. Central Square, with its restaurants, shops and Red Line, is close at hand as well. It is a location that makes everyday life remarkably easy while keeping so much of Cambridge within reach.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

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Property Details

Financials

Original Price$898,000
Annual Taxes$6,325.9
HOA Fee$150

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms5
FireplacesNone
FlooringWood, Tile
BasementY

Climate & Utilities

HeatingBaseboard
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningRes

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • Highway Access

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bathroom 1
Living Room
Lvl First

13 x 14

Closet, Flooring - Wood

Dining Room
Lvl First

13 x 10

Closet/Cabinets - Custom Built, Flooring - Wood

Kitchen
Lvl First

11 x 15

Flooring - Stone/Ceramic Tile

Primary Bedroom
Lvl First

13 x 17

Flooring - Wood, Window(s) - Bay/Bow/Box

Bedroom 2
Lvl First

13 x 11

Bathroom 1
Lvl First

4 x 13

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Bidet

Listing Provided By

Listing Agent: The May Group

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73578224