Very rare to the market mixed-use property in a prime Cambridge location, just minutes from Kendall Square, MIT, Cambridge Hospital, Inman Square, and Lechmere Station. This solid 3-story brick building features two residential units above a street-level commercial space currently operating as a restaurant. All three units are Tenant-at-Will and well below market rent, offering exceptional flexibility for repositioning for rent increases. The total market rent should be well over $12k monthly. The residential units are ideally situated to benefit from Cambridge’s consistently high rental demand and low vacancy rates, while the commercial space provides significant income opportunity in a high-visibility location. A compelling investment for buyers seeking steady cash flow with long-term upside in one of the area’s most sought-after neighborhoods. Showings by appointment only. Please do not disturb the restaurant tenant. Also listed under Commercial MLS #73367367.
For sale
$1,798,000
253 Cambridge St, Cambridge, MA 02141
5beds
2,922sqft
Est.:
3 Family - 3 Units Up/Down
Built in 1900
-- sqft lot
$-- Zestimate®
$615/sqft
$-- HOA
What's special
- 14 days
- on Zillow |
- 563 |
- 23 |
Zillow last checked: 7 hours ago
Listing updated: May 05, 2025 at 01:39pm
Listed by:
Chad Myers,
Mr. Chaddles Real Estate
Source: MLS PIN,MLS#: 73367362
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Wood
- Basement: Interior Entry
- Has fireplace: No
Interior area
- Total structure area: 2,922
- Total interior livable area: 2,922 sqft
- Finished area above ground: 2,922
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Has view: Yes
- View description: City View(s)
Lot
- Size: 1,013 Square Feet
Details
- Parcel number: 400133
- Zoning: BA
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family - 3 Units Up/Down
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Rubber
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Gas Oven
Community & HOA
Community
- Features: Public Transportation, Medical Facility, Highway Access, T-Station
Location
- Region: Cambridge
Financial & listing details
- Price per square foot: $615/sqft
- Tax assessed value: $1,199,200
- Annual tax amount: $11,548
- Date on market: 4/30/2025
- Total actual rent: 8600
- Loading
- Loading