
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl First13 x 14
Closet, Flooring - Wood
Dining Room
Lvl First13 x 10
Closet/Cabinets - Custom Built, Flooring - Wood
Kitchen
Lvl First11 x 15
Flooring - Stone/Ceramic Tile
Primary Bedroom
Lvl First13 x 17
Flooring - Wood, Window(s) - Bay/Bow/Box
Bedroom 2
Lvl First13 x 11
Bathroom 1
Lvl First4 x 13
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Bidet
Listing Agent: The May Group
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73578224
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