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Marcus & Millichap Represents Seller In $6.55M Sale Of 10-Unit Multifamily In Cambridge

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SOLD
$6,550,000

Massachusetts

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MultiFamily
Sold 04/15/2026
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Property Image
SOLD

Marcus & Millichap Represents Seller In $6.55M Sale Of 10-Unit Multifamily In Cambridge

23 Hammond Street & 25 Hammond Street

See Similar Deals
MultiFamily
Sold 04/15/2026
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

A 10-unit apartment building located at 23–25 Hammond Street in Cambridge, MA has been sold for a total price of $6.55 million. This property was on the market for the first time in over a century, reflecting its unique market position and the demand for multifamily assets in the area. The price per unit for this sale was approximately $655,000.

Summary of transaction details:

This transaction involved Marcus & Millichap, who represented the seller and successfully secured a private buyer for the property. The expertise of Evan Griffith and Tony Pepdjonovic played a crucial role in facilitating this deal, highlighting their ability to navigate the complexities of the market.

Players

Evan Griffith
65 deals$388M volume
BROKER

Tony Pepdjonovic
Marcus & Millichap
77 deals$383.6M volume
BROKER

Details

SOLD
IMAGE: Evan Griffith & Tony Pepdjonovic DATE: 04/15/2026 ADDRESS: 23-25 Hammond Street MARKET: Cambridge, MA ASSET TYPE: Multifamily BROKERS: Evan Griffith & Tony Pepdjonovic - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $6,550,000 UNITS: 10 ~ PPU: $655,000 NOTE: A 10-unit apartment building at 23–25 Hammond St. in Cambridge sold for $6.55 million after hitting the market for the first time in over a century, with Marcus & Millichap representing the seller and securing a private buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$349,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,270.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,050.34
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