$4,000,000
9
Beds
9/9
Baths
6,203
Living Area
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Property Description
Presenting the opportunity to acquire 37 Mellen Street, an institutionally owned and maintained building located between Harvard Square and Porter Square in Cambridge, Massachusetts. Currently configured as an office, 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, 37 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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