Active
2 Days on market
205 Harvard Street Cambridge — Photo 1 of 31

205 Harvard Street Cambridge — Photo 1 of 31

$3,149,000

205 Harvard Street, Cambridge, MA 02139

Cambridge, MA 02139 — Area 4-The Port

Beds

11

Baths

6

SqFt

3,300

Style

3 Family - 3 Units Up/Down

Built

1890

Rarely does a three-family investment arrive this polished. 205 Harvard Street has been reimagined from the studs up — a complete 2015 gut renovation to condominium-quality standards, followed by years of continued capital investment — delivering approximately 3,300 square feet of turnkey living across three exceptional units. The first floor and finished basement combine into an expansive 6-bedroom, 3-bath residence; the second floor offers a bright 3.5-bedroom, 2-bath layout; and crowning the building is a standout 2-bedroom, 1-bath penthouse with vaulted ceilings, skylights, a glass-floor loft, and a private roof deck framed by Boston skyline views. Every unit is outfitted with individual HVAC, separately metered electric and gas service, hardwood floors throughout, heated bathroom floors, and in-unit washer/dryers — the kind of infrastructure that makes for effortless ownership and lasting tenant appeal. Recent upgrades include a 2024 roof-deck replacement and full exterior repainting, layered atop an already institutional-grade building envelope, leaving a buyer with minimal near-term capital exposure. Three deeded parking spaces round out a rare offering. The location seals the case: an easy five-minute walk to the Central Square Red Line station, Whole Foods, and H Mart, with MIT and Kendall Square less than a mile away — placing the asset at the center of one of Cambridge's deepest and most resilient rental markets. With $201,300 in current effective gross income and a stabilized proforma of $209,649, 205 Harvard Street pairs immediate cash flow with meaningful upside in a submarket that continues to command premium rents.

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$954/sqft
Local Avg (Cambridge)$743/sqft
28% AboveMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Cambridge, MA.

Property Details

Financials

Original Price$3,149,000
Annual Taxes$17,811

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms22
FireplacesNone
FlooringTile, Hardwood
BasementFinished, Interior Entry

Climate & Utilities

HeatingCentral, Forced Air, Natural Gas, Individual
CoolingCentral Air, Individual
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR2

Property & Lot

Acres0.06
SqFt Lot2,556
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Freezer • Washer • Dryer • Wine Refrigerator

Neighborhood

Public Transportation • Shopping • Bike Path • Private School • Public School • T-Station

Geography

Population

40,033

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$135K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

67.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Daniel Alper

Listing Office: Boston Realty Advisors

MLS® Number: 73576584

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