Sold!
$3,820,000
2
Beds
2/1
Baths
7,576
Living Area
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Property Description
Discover an unparalleled opportunity at 305-307 Broadway in Cambridge, MA, perfect for conversion into luxury condos, high-end apartment rentals, or a grand Inn. Current gross square footage, w/basement is 9,794 and condo resale value of close to $1000/ppsf = est. $9,794,000 gross profit. Sits on a 5,734 sq ft lot is a developer's dream under the city's new zoning regulations, allowing up to 6 stories with inclusionary housing or 4 stories by right. Situated in the heart of Cambridge, just steps from the vibrant business districts of Kendall, Central, & Inman Squares, this location promises minimal vacancies due to its prime position. Envision crafting a landmark that thrives in Cambridge's dynamic cultural & economic environment, with proximity to renowned universities and bustling commercial areas ensuring high demand & impressive returns. Engage with Cambridge’s progressive community and capitalize on the city's push for sustainable urban growth. An iconic development opportunity.
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Highlights
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1840
- Parking Spots: 2
- Property Type: 5-9 Family
- Total Rooms: 10
- Status: Closed
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Additional Details
- Foundation: Stone, Brick/Mortar
- Road Frontage Type: Public
- Total Number of Units: 2
- Year Built Source: Public Records
- Lot Features: Corner Lot, Level
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: C-1
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Amenities
- Parking Features: Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,783,000
- Taxes: $11,322
- Tax Year: 2025
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Gibson Sotheby's International Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
