Seller's Agent in 2022
Matt Gorman
EDGE Realty Advisors
(617) 477-0601
1 in this area
64 Total Sales
347 Broadway Cambridge, MA 02139
Mid-Cambridge Neighborhood
10
Beds
5
Baths
7,454
Sq Ft
6,624
Sq Ft Lot
Highlights
- Medical Services
- Property is near public transit
- Shops
- 0.15 Acre Lot
- Porch
- 2-minute walk to Wilder Play Area
About This Home
As of August 2022*New price!* This Cambridge property is truly a rare find! Legally converted into four condos and zoned for residential or office (O-1) use, this oversized multi-family offers the savvy investor unparalleled flexibility. Restore the larger 4-story building into three residential condos or continue development as a commercial property. The free-standing single-family home on the same lot features three floors of living space, 3 beds/2 baths, a porch, and parking. The office building is leased until 10/31/22 for $12,420/month and the single-family is leased until 8/31/22 for $4,550/month. This property features a private parking lot with four spots and the location offers convenient access to Inman Square, Central Square, Harvard, and MIT. Incredible opportunity awaits!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $30,480
Year Built
- Built in 1868
Lot Details
- 6,624 Sq Ft Lot
- Level Lot
Home Design
- 7,454 Sq Ft Home
- Stone Foundation
- Frame Construction
- Shingle Roof
Bedrooms and Bathrooms
- 10 Bedrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 4 Car Parking Spaces
- Off-Street Parking
Outdoor Features
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- 4 Heating Zones
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $16,970
Community Details
Overview
- 4 Units
- Property has 3 Levels
Amenities
- Medical Services
- Shops
Building Details
- Net Operating Income $203,640
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/09/2022 08/09/22 | Sold | $2,850,000 | -12.3% | $382 / Sq Ft |
| 07/19/2022 07/19/22 | Pending | -- | -- | -- |
| 06/24/2022 06/24/22 | Price Changed | $3,250,000 | -9.7% | $436 / Sq Ft |
| 06/04/2022 06/04/22 | Price Changed | $3,600,000 | -12.2% | $483 / Sq Ft |
| 04/14/2022 04/14/22 | For Sale | $4,100,000 | -- | $550 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| 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 | -- | $0 | $0 | $0 |
| 2024 | $0 | $0 | $0 | $0 |
| 2023 | $0 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Gorman
-
The Massimino Team
T
Buyer's Agent in 2022
The Massimino Team
Compass
(617) 206-3333
3 in this area
11 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72966794
APN: CAMB M:00114 L:00097
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