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12/6 OPEN HOUSE IS CANCELED! SELLER ACCEPTED AN OFFER! ATTENTION DEVELOPERS & INVESTORS: Rare opportunity in one of Cambridge's most desirable and fast-growing neighborhoods. Ideally located between Inman and Central Squares, this 5,173 sq. ft. lot includes three spacious residential units generating ~$165,000 in existing annual rent, providing strong cash flow while you plan your project. Zoning studies by a respected local architectural firm highlight exceptional flexibility: the site can support a 6-story building with 20+ luxury condos, maximizing the property's full development potential. For a simpler path, it is also well-suited for a boutique 4-unit luxury townhouse project, offering 2000+ sq. ft. per unit with covered parking. A rare Cambridgeport offering with outstanding upside.

More Info

Basic Information

  • Contingency Pending P&S
  • Gross Income $165,600
  • Lot Features Easements
  • Mls StatusUnder Agreement
  • Parcel Number M:00086 L:00097,403194

Tax Information

  • Tax Assessed Value $1,903,800
  • Tax Year 2025
  • Taxes$12,089

Parking

  • Covered Spaces 2
  • Garage YN Yes
  • Parking Features Off Street
  • Parking Spaces4

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Bedrooms12
  • Full Bath6

Basic Information

  • List Price$2,900,000
  • MLS Number73456611
  • Modification Date12/20/2025
  • Property SubType3 Family
  • Purchase Contract Date12/05/2025

Location

  • Address114 Elm Street
  • Building Number114
  • CountyMiddlesex
  • StateMA
  • StreetElm Street
  • TownCambridge
  • Zip02139

Building

  • BasementFull, Walk-Out Access, Interior Entry, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationBlock, Stone
  • Garage Spaces2
  • Levels 3
  • Patio And Porch Features Deck
  • Rooms18
  • Stories3
  • Units3
  • Utilities For Gas Range
  • Year Built1930
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.12

Interior

  • Flooring Tile, Hardwood

Utilities

  • Electric Circuit Breakers
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,795
  • Lot Size Square Feet 5,173
  • Lot Size Units Acres
  • Square Feet3,795

Amenities

  • Amenities
    • Highway Access
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
  • Other AmenitiesBasement

Legal

  • ZoningC-1

Other

  • Date Listed11/20/2025
  • Farm Land Area Units Square Feet
  • View Count5

Map Location

Driving Directions

Listed by Santana Team of Keller Williams Realty Boston Northwest

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