41
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$2,500,000
Est. payment /mo
7 Beds
5 Baths
4,984 SqFt
Open Tue 12PM-1PM
343 Harvard St Cambridge, MA 02139
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Open House
Tue Apr 21, 12:00pm - 1:00pm
Wed Apr 22, 12:00pm - 1:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 4,984 sqft
Price per Sqft $501
MLS Listing ID 73500252
Bedrooms 7
Full Baths 5
Year Built 1855
Annual Tax Amount $13,621
Tax Year 2025
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Exceptional investment opportunity at 343 Harvard Ave in Cambridge. This well-maintained 5-unit property features 4 one-bedroom units and 1 two-bedroom unit, generating high in-place income with significant upside potential. Four of the five leases expire this year and are currently below market value, offering investors a rare chance to increase rents and dramatically improve cash flow and cap rate. With approximately $13,500/month in current rental income and low annual expenses, this asset is ideal for both seasoned investors and 1031 exchange buyers. Includes 2 off-street parking spaces. Located in a prime, high-demand area near Harvard Square, this property benefits from consistent tenant demand, long-term appreciation, and unbeatable access to universities, public transportation, and local amenities.
Location
State MA
County Middlesex
Area Harvard Square
Zoning C-1
Direction Harvard Sq.
Rooms
Basement Partial
Interior
Fireplaces Number 2
Exterior
Total Parking Spaces 2
Garage No
Building
Lot Description Corner Lot
Story 5
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Coldwell Banker Realty - Boston
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