Listing provided courtesy of Lori Bonarek RealtyMREDMLS# 12393172MLS Provider
  • 378 days on site
  • 39 views

This listing presents an excellent investment opportunity consisting of two multi-family properties located at 603 N. Prospect Street, Cambridge and 503 10th Avenue, Orion. Together, the properties offer a total of 41 residential units, including 24 studio apartments, ten one-bedroom units, four handicap-accessible one-bedroom units, and two two-bedroom units. Both buildings operate under HUD housing requirements, serving residents who are 62 years of age or older or individuals with qualifying disabilities. The properties are well-maintained and provide key amenities such as a community room and coin-operated laundry facilities, offering comfort and convenience for tenants. With a strong history of occupancy and consistent rental income, these safe and secure buildings represent a turnkey portfolio with significant income potential in the affordable housing sector.

Source: MRED, MLS#: 12393172

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
  • Property Type
    Commercial Sale
  • Lot
    1.06 acres

Get in Contact

Would you like to know more about this property? We're here to help! Let's connect and find what you're looking for.

Create a profile so you can receive updates on this property as soon as they happen!

Life at 603 N Prospect Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
1/24/2026Source: MRED Status Change
Active
1/19/2026Source: MRED Price Reduction
$1,999,999 -9.1%
1/19/2026Source: MRED Status Change
Price Change
6/21/2025Source: MRED Status Change
Active
6/16/2025Source: MRED Added to Database
June 16, 2025