ATTENTION BUY-AND-HOLD INVESTORS! Rare opportunity to acquire a stand-alone 10-unit brick building in the highly desirable Harvard Square area. Ideally located at the corner of Kirkland Street and Kirkland Road, this fully leased property offers an appealing, manageable investment opportunity for both experienced and first-time multifamily investors. The building features 10 studio apartments, all currently leased through August 2027, providing immediate and stable rental income. Four off-street driveway parking spaces are also rented, providing an additional income stream. Tenants enjoy individual storage units and on-site laundry facilities located in the lower level. The property is serviced by a newer central gas boiler and central water heater, while tenants are responsible for their own electricity. With its exceptional location, full occupancy, parking and straightforward operation, this is a rare opportunity to acquire a well-positioned multifamily asset in one of the area's most desirable and consistently sought-after rental markets.

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Basic Information

Gross Income $249,000
Lot Features Corner Lot
Mls StatusNew
Parcel Number 409720

Tax Information

Tax Assessed Value $3,200,100
Tax Year 2026
Taxes$21,345

Parking

Open Parking YN Yes
Parking Features Paved Drive, Off Street, Driveway
Parking Spaces4

Rooms

Bathroom10
Bathrooms Total Decimal 10
Bedrooms10
Full Bath10

Basic Information

List Price$3,900,000
MLS Number73586029
Modification Date10/02/2026
Property SubType5-9 Family

Location

Address48 Kirkland Street
Building Number48
CountyMiddlesex
NeighborhoodHarvard Square
StateMA
StreetKirkland Street
SubdivisionHarvard Square
TownCambridge
Zip02138

Building

BasementPartially Finished, Interior Entry, Bulkhead
Building Area Units Square Feet
Construction Materials Frame
FoundationOther
Levels 3
Rooms30
Stories3
Units10
Year Built1930
Year Built Details Approximate
Year Built Source Public Records

Property

Acreage0.11

Interior

Flooring Tile, Hardwood

Exterior

RoofShingle

Utilities

Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 4,320
Lot Size Square Feet 4,850
Lot Size Units Acres
Square Feet4,320

Amenities

Amenities
- Bike Path
- Highway Access
- House of Worship
- Park
- Private School
- Public School
- Public Transportation
- Shopping
- T-Station
- University
Other AmenitiesBasement

Legal

Zoningb

Other

Date Listed10/02/2026
Farm Land Area Units Square Feet
View Count1

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Newton, MA

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Newton, MA