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$2,220,000
7
Beds
5
Baths
4,294
Living Area
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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.
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Highlights
- Area: Harvard Square
- Parking Spots: 2
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 20
- Status: Closed
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1855
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Additional Details
- Basement: Partial
- Foundation: Concrete Perimeter
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: C-1
- Fireplaces: 2
- Lot Features: Corner Lot
- Total Number of Units: 5
- Year Built Source: Public Records
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $2,145,000
- Taxes: $13,621
- Tax Year: 2025
- Total Rent: $13,500
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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 Coldwell Banker Realty - Boston.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
