$5,500,000
9
Beds
9/9
Baths
8,576
Living Area
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Property Description
Presenting the opportunity to acquire 35 Mellen Street, an institutionally owned and maintained building located between Harvard Square and Porter Square in Cambridge, Massachusetts. Currently configured as a dormitory, the building offers immense value-add through redevelopment to multifamily residential or condominium conversions as well as the potential for new, ground-up residential construction, among other value-add potential and strategies. Situated between Harvard and Porter Squares, 35 Mellen St greatly benefits from its prime location in the Baldwin neighborhood of Cambridge. Multiple Universities have a significant presence in the area, which include academic and student housing facilities for both Harvard University and Lesley University. The property is part of the Mellen Street Collection, a portfolio of four buildings located on Mellen Street. Investors are invited to bid on the portfolio, sub-portfolios or individual buildings.
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Highlights
- Levels: 18
- Property Type: 5-9 Family
- Total Rooms: 18
- Status: Active
- Property Class: Residential Income
- Stories: 18
- Year Built: 1890
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Additional Details
- Construction: Frame
- Foundation: Stone, Brick/Mortar
- Roof: Shingle
- Total Number of Units: 9
- Year Built Source: Public Records
- Fireplaces: 18
- Lot Features: Other
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: 9
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $9
- Tax Year: 2025
- Total Rent: $19,998
- Buyer Agent Compensation: 2%
- Taxes: $9
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