March 19, 2025 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of six (6) multi-family units in Cambridge, Massachusetts. Horvath & Tremblay exclusively represented the seller in the transaction. The desirable asset sold for $3,740,000.
The multi-family property is located at 417 Cardinal Medeiros Avenue in the Wellington-Harrington neighborhood of Cambridge, Massachusetts (the “Property”). Situated in an incredible high-density, urban-infill, Cambridge neighborhood, the highly walkable location is a short walk from Kendall Square, Inman Square, the Green Line at the Union Square Station, MIT, MGH, the Charles River Esplanade, and Downtown Boston. 417 Cardinal Medeiros Avenue is a three-story multi-family building that contains a total of six (6) units, comprised of two (2) 4-Bedroom/1-Bathroom units, two (2), 3-Bedroom/1-Bathroom units, and two (2), 2-Bedroom/1-Bathroom units with 6,012 square feet of living space in 8,061 square feet of total gross area on 0.12-acres of land. The Property has undergone extensive renovations since acquisition, offering a turnkey investment with condo-quality upgrades throughout. Units feature new kitchens with granite countertops and stainless-steel appliances, including gas stoves and dishwashers, hardwood floors throughout, new bathrooms, and in-unit washers and dryers. Each of the units is separately metered for gas heat, hot water and electric. The Property is well located on Cardinal Medeiros Avenue, seconds from both Hampshire Street and Cambridge Street in the high-density, urban-infill neighborhood of Wellington-Harrington. The Property is 0.3-miles from Kendall Square, 0.4-miles from Inman Square, and 0.7 miles from Union Square. The location is an easy walk to the employment centers of Kendall Square and Downtown Boston, multiple public transportation options, and numerous shopping, dining, entertainment, and outdoor recreation options.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.