King St
Cambridge
$1,499,999
Buy with Dwelly and Save $15,000
Home Details
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Listing Description
Interest rates are coming down and this cap-rate is going up! Fantastic investment opportunity in the heart of Preston. With new investment happening all around and a plan for future LRT nearby, this well maintained 7,412 sqft mixed-use building with quality, long term residential and commercial tenants is a true turn-key opportunity. With mortgage rates continually dropping, this investment currently operates at approx. 6.08% Cap Rate with a market-rate potential closer to 8.59%. With 4 residential units and 2 commercial, this building offers a good mix of income streams with fantastic upside potential. 2- two bedroom units and 2 - one bedroom units on the upper levels. One of the 1-bedroom units will be vacating end of September, allowing market rate for new rent bringing the potential cap rate to 6.66%! Main floor commercial with great street exposure and long term leases. Potential for additional storage income. Equipment is all owned, no rentals. Appliances included. Schedule a viewing today
4 STOVE,4 FRIDGE,2 WASHER 2 DRYER, RESTAURANT CHATTELS,EQUIPMENT AND FIXTURES
City: Cambridge
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Sep 8, 2025 | 3 | $1,499,999 | N/A | New | X12389092 |
| May 13, 2025 | 93 | $1,499,999 | N/A | Expired | X12144573 |
| May 13, 2025 | N/A | $1,499,999 | N/A | Terminated | X12144587 |
| Jan 31, 2025 | 89 | $1,499,999 | N/A | Expired | X11948596 |
| Jan 30, 2025 | N/A | $1,499,999 | N/A | Terminated | X11948592 |
| Apr 5, 2024 | N/A | $1,600,000 | N/A | Sold | X8212556 |
| Nov 6, 2023 | N/A | $1,600,000 | N/A | Sold | X7302496 |
Rooms
Room dimensions for King St, Cambridge
Market Trends and Insights
Mortgage Calculator
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Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $1499999 |
| Down Payment | $300000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $1199999 |
Monthly Payment
| Mortgage Payment | $7395 |
| Property Taxes | $1041 |
| Maintenance Fees | $0 |
| Monthly Payment | $8435 |
About King St, Cambridge
Located at 660 King St E , this Cambridge house is available for sale. This property was listed for $1,499,999 on Mon Sep 08 2025. This house's size is 5000 + Sqft. It has 6 bedrooms and 7 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 3 parking spots.
MLS#: X12389103 · $1,499,999 · 6 bedroom house in Cambridge