7-Unit Cambridge Multifamily Trades for $2.75M via M&M MF Investment Team

Boston — The Marcus & Millichap Multifamily Investment team of Griffith and Pepdjonovic completed the sales assignment of a 7-unit multifamily property at 200-206 Franklin St. in Cambridge, Massachusetts, for $2,750,000.

Constructed in 1915, this three-story multifamily property includes a mix of one and two-bedroom units. The area is home to world-class institutions, major employers, including MIT, Harvard, Google, and Amazon, and a vibrant mix of restaurants, shops, and landmarks. The capitalization rate at the time of sale was 4.29%.

“Located just a three-minute walk from Central Station on the Red Line, this transit-oriented property offers an ideal investment in a vibrant and highly sought-after area near MIT and Harvard, with convenient access to Boston,” said Tony Pepdjonovic, senior vice president of investments. “With strong rental demand driven by college students and young professionals, this property presents a significant value-add opportunity, offering the potential for increased returns in one of Cambridge’s most desirable areas,” added Evan Griffith, senior vice president of investments.

Griffith and Pepdjonovic exclusively marketed the property on behalf of the seller and procured the buyer.