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.
- Basement:
- Partial
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Garage Parking
- Lead Paint:
- Unknown
- Area:
- Harvard Square
- Market Time:
- 7
- Parking Spaces:
- 2
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $502
- Zoning:
- C-1
- No Units:
- 5
- Orig Price:
- $2,500,000
- Fireplaces:
- 2
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Cambridge
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 02139
- Longitude:
- W72° 53' 24.9''
- Latitude:
- N42° 22' 15.8''
Residential Income
343 Harvard St, Cambridge, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $2,500,000
- Bedrooms :
- 7
- Rooms :
- 20
- Total Bathrooms :
- 5
- Full Bathrooms :
- 5
- Square Footage :
- 4,984 Sqft
- Year Built :
- 1855
- Lot Area :
- 0.08 Acre
- Listing ID :
- 73500252
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com