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INVESTMENT SNAPSHOT
About this property
57 Cedar Street in Cambridge, MA is a three-story building currently contains six (6) 1-Bedroom/1-Bathroom units with 3,939 square feet of gross living area in 5,704 square feet of gross area. The Property is situated upon a 0.21-acre parcel (9,131 square feet) and features twenty (20) off-street parking spaces comprised of ten (10) off street spaces and ten (10) garage stalls. The opportunity exists to take advantage of the new Cambridge zoning laws and develop the current asset into a larger development by adding more units. As shown in conceptual renderings, investors and developers can pursue multiple value-add pathways, including the addition of new residential units at the rear of the existing structure or a potential full site redevelopment into a high-density multifamily asset that maximizes the site’s allowable envelope. It's situated ½ mile to both Porter and Davis Square and less than a mile from Alewife and Alewife Station.
Property details
| Units | 6 |
| Living area | 3,939 sqft |
| Lot size | 9,131 sqft |
| Year built | 1930 |
| Price / sqft | $1,014 |
| County | Middlesex |
| MLS # | 73492979 |
Listing status
| Days on market | 30 days |
| Listed on | March 27, 2026 |
Taxes & financials
| Annual property tax | $17,159 |
| Tax year | 2025 |
| Assessed value | $2,702,200 |
| Zoning | B |
| Gross income (actual) | $217,653/yr |
| Net operating income (actual) | $183,187/yr |
| Total actual rent | $18,575/mo |
| Electric expense | $1,181/yr |
| Insurance expense | $4,695/yr |
Building & lot
| Stories | 3 |
| Total rooms | 18 |
| Lot size | 0.21 acres |
| Garage spaces | 10 |
| Parking spaces | 20 |
| Parking | Paved Drive, Off Street, Other |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Cambridge →
Listing courtesy of Horvath & Tremblay — Kelleher - Pentore Team. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 57 Cedar St, Cambridge MA 02140 have?
It is a 6-unit multi-family property with 3,939 sqft of living area, built in 1930.
How long has 57 Cedar St, Cambridge MA 02140 been on the market?
57 Cedar St, Cambridge MA 02140 has been listed for 30 days (since March 27, 2026).
What is the estimated cap rate on this 6-family in Cambridge?
Based on area median rents, the estimated cap rate is about 4.1%, with a Signal Score of 74/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $3,995,000 across 6 units, that works out to roughly $665,833 per unit.
What are the property taxes on 57 Cedar St, Cambridge MA 02140?
Annual property taxes are $17,159 (2025), on an assessed value of $2,702,200.
What is the price per square foot?
At $3,995,000 for 3,939 sqft, that's about $1,014 per square foot.
Is there parking?
10 garage spaces and 20 total parking spaces (paved drive, off street, other).
Where is this property located?
57 Cedar St, Cambridge MA 02140 is in Cambridge, Middlesex County, MA 02140.
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