Cambridge Multifamily Property Sells for $2.25M at $677/SF
183 Lakeview Avenue, Cambridge, Massachusetts 02138, United States sold for $2.25M at $677/SF
Compass brokers Lisa Johnson and Gail Roberts have closed on the sale of a multifamily property located at 183 Lakeview Avenue in Cambridge, Massachusetts for 2.25M. The property, which spans 3,321 square feet, was sold at a price of 677 per square foot. Johnson represented the seller, while Roberts represented the buyer.
The property is located in the heart of Cambridge, a highly desirable area for both renters and investors. The building features three residential units, each with two bedrooms and one bathroom. The property was built in 1900 and has been well-maintained over the years.
The buyer of the property was not disclosed, but the sale was financed without the use of a lender. The sale closed on June 24, 2022.
The sale of this property is indicative of the strong demand for multifamily properties in the Cambridge area. With its proximity to top universities and a thriving tech industry, Cambridge is a highly sought-after location for both renters and investors. The sale also highlights the expertise of Compass brokers in the commercial real estate market, particularly in the multifamily sector.