Park Hou Group Of Splice Realty LLC Represents Buyer In Cambridge Multifamily Sale For $3.3M

A 5-unit multifamily building located at 11-13 Wendell Street in Cambridge, MA, was sold for $3,300,000. The property spans a total of 3,969 square feet and has a price per square foot of $831. This multifamily asset is leased until August 2025 and includes nine parking spots, generating a gross annual rent of $201,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,300,000
• Units: 5
• Price Per Unit: $660,000
• Square Feet: 3,969
• Price Per Square Foot: $831
• Buyer's Representative: Park Hou Group - Splice Realty LLC
• Seller's Representative: David Lilley - REMAX Destiny

The transaction was represented by Park Hou Group on behalf of the buyer, Splice Realty LLC, while the seller was represented by David Lilley from REMAX Destiny. The property presents opportunities for potential condo conversion and expansion, highlighting the appeal of the asset within the real estate market.