332 Franklin St Unit 501 Cambridge, MA 02139
Riverside NeighborhoodEstimated payment $5,744/month
Highlights
- Medical Services
- 4-minute walk to Central Square Station
- Open Floorplan
- Martin Luther King, Jr. School Rated A
- City View
- 3-minute walk to Carl F. Barron Plaza
About This Home
PRICE REDUCTION TO $839,000 — RARE VALUE-ADD INVESTMENT / EQUITY-BUILDING OPPORTUNITY IN PRIME CAMBRIDGE. This east-facing 2-bedroom, 2-bath unit in the highly desirable Cyrus Fellows condo flooded with natural morning light and fifth floor elevated privacy. Strategic price improvement at $839,000 this property presents a rare opportunity for investors, contractors, or end-users to secure immediate upside and build equity in one of the most desired neighborhoods in Central Square, Cambridge.PROPERTY HIGHLIGHTS:Spacious Open-Concept Layout: The apartment features rich hardwood floors, a cozy wood fireplace, large windows, a private balcony with city views.Functional 2BD/2BA Floor Plan: The primary suite has an en-suite full bath, and ample closet space. The second bedroom offers a walk-in closet—an ideal layout for maximum rental return, roommates, or a home-office configuration.Essential Modern Conveniences: In-unit washer and dryer, forced-air heating, individually controlled in-wall heating and cooling units, elevator access, and a private storage locker.Deeded Garage Parking: Includes a coveted deeded garage parking space in a high-density neighborhood where parking commands a premium.Professionally managed, pet-friendly condominium association.Rentals permitted—capitalize on strong, continuous tenant demand driven by surrounding academic and biotechnology hubs. Offered firmly as is. UNBEATABLE RIVERSIDE LOCATION:Nestled between Harvard University and MIT, very close to Central Square, the MBTA Red Line, the Charles River, and an array of world-class dining, cafes, and parks. Exceptional Walk and Bike scores make this a prime location for urban professionals and students alike.Bring your design ideas and tap into instant equity in the heart of Cambridge!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,874
Year Built
- Built in 1999
HOA Fees
- $648 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Tuck Under Parking
- Garage Door Opener
- On-Street Parking
- Open Parking
- Deeded Parking
Home Design
- Entry on the 5th floor
Interior Spaces
- 1,083 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Living Room with Fireplace
- City Views
Kitchen
- Breakfast Bar
- Stove
- Range
- Dishwasher
- Solid Surface Countertops
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Bathtub with Shower
- Separate Shower
Laundry
- Laundry on main level
- Dryer
- Washer
Utilities
- Multiple cooling system units
- Individual Controls for Heating
- Wall Furnace
- Hot Water Heating System
Additional Features
- Balcony
- Two or More Common Walls
- Property is near public transit and schools
Community Details
Overview
- Association fees include heat, water, sewer, insurance, maintenance structure, ground maintenance, snow removal, trash
- 28 Units
- Mid-Rise Community
- Cyrus Fellows Crossing Community
Amenities
- Medical Services
- Community Garden
- Common Area
- Shops
- Coin Laundry
- Elevator
Recreation
- Jogging Path
- Bike Trail
Pet Policy
- Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,341 | $841,100 | $0 | $841,100 |
| 2024 | $4,946 | $835,500 | $0 | $835,500 |
| 2023 | $4,750 | $810,500 | $0 | $810,500 |
| 2022 | $4,697 | $793,400 | $0 | $793,400 |
| 2021 | $4,523 | $773,200 | $0 | $773,200 |
| 2020 | $4,327 | $752,600 | $0 | $752,600 |
| 2019 | $4,162 | $700,600 | $0 | $700,600 |
| 2018 | $1,971 | $645,500 | $0 | $645,500 |
| 2017 | $3,909 | $602,300 | $0 | $602,300 |
| 2016 | $3,828 | $547,600 | $0 | $547,600 |
| 2015 | $3,803 | $486,300 | $0 | $486,300 |
| 2014 | $3,771 | $450,000 | $0 | $450,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/18/2026 08/18/26 | Price Changed | $839,000 | -3.5% | $775 / Sq Ft |
| 07/30/2026 07/30/26 | Price Changed | $869,000 | -3.4% | $802 / Sq Ft |
| 07/18/2026 07/18/26 | For Sale | $900,000 | -- | $831 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Condominium Deed | -- | None Available | |
| Deed | $410,000 | -- | |
| Deed | $204,000 | -- | |
| Deed | $130,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $331,000 | Adjustable Rate Mortgage/ARM |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73547607
APN: CAMB-000124-000000-000048-000501
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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