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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.

More Info

Basic Information

  • Contingency Pending P&S
  • Gross Income $160,200
  • Lot Features Corner Lot
  • Mls StatusContingent
  • Parcel Number M:00135 L:00068,409038

Tax Information

  • Tax Assessed Value $2,145,000
  • Tax Year 2025
  • Taxes$13,621

Parking

  • Parking Spaces2

Rooms

  • Bathroom5
  • Bathrooms Total Decimal 5
  • Bedrooms7
  • Full Bath5

Basic Information

  • List Price$2,325,000
  • MLS Number73500252
  • Modification Date05/27/2026
  • Property SubType5+ Family - 5+ Units Up/Down
  • Purchase Contract Date05/27/2026

Location

  • Address343 Harvard Street
  • Building Number343
  • CountyMiddlesex
  • NeighborhoodHarvard Square
  • StateMA
  • StreetHarvard Street
  • SubdivisionHarvard Square
  • TownCambridge
  • Zip02139

Building

  • BasementPartial
  • Building Area Units Square Feet
  • FireplaceYes
  • Fireplaces Total 2
  • FoundationConcrete Perimeter
  • Levels 5
  • Rooms20
  • Stories5
  • Units5
  • Year Built1855
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.08

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 4,294
  • Lot Size Square Feet 3,661
  • Lot Size Units Acres
  • Square Feet4,294

Amenities

  • Other AmenitiesBasement, Fireplace

Legal

  • ZoningC-1

Other

  • Date Listed04/12/2026
  • Farm Land Area Units Square Feet
  • View Count6

Map Location

Driving Directions

Listed by Brian Gagnon of Coldwell Banker Realty - Boston

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