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INVESTMENT SNAPSHOT
About this property
Rare opportunity to acquire a fully renovated 2-family property in a prime Cambridge location near Fresh Pond.This property consists of two updated units featuring open layouts, modern kitchens with quartz countertops and stainless steel appliances, and updated bathrooms. Each unit offers well-proportioned bedrooms, ample natural light, and functional living space.Unit 1 is leased through 08/31/2027 at $6,000/month, providing stable in-place income. Unit 2 offers flexibility for owner-occupants or additional rental income.Additional features include private outdoor space, off-street parking, and updated systems.Conveniently located near Fresh Pond, shopping, dining, public transportation, and easy access to Harvard Square and major routes.
Property details
| Units | 2 |
| Living area | 3,883 sqft |
| Lot size | 4,500 sqft |
| Year built | 1913 |
| Price / sqft | $669 |
| County | Middlesex |
| MLS # | 73491633 |
Listing status
| Days on market | 72 days |
| Listed on | March 25, 2026 |
Taxes & financials
| Annual property tax | $19,583 |
| Tax year | 2025 |
| Assessed value | $3,084,000 |
| Zoning | B |
| Gross income (actual) | $72,000/yr |
| Net operating income (actual) | $72,000/yr |
| Total actual rent | $6,000/mo |
Building & lot
| Stories | 4 |
| Total rooms | 21 |
| Lot size | 0.1 acres |
| Garage spaces | 0 |
| Parking spaces | 2 |
| Parking | Paved Drive |
| Basement | Full |
| Foundation | Concrete Perimeter |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of Coldwell Banker Realty - Boston — Ismail Guessous. 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 316-318 Concord Ave, Cambridge MA 02138 have?
It is a 2-unit multi-family property with 3,883 sqft of living area, built in 1913.
How long has 316-318 Concord Ave, Cambridge MA 02138 been on the market?
316-318 Concord Ave, Cambridge MA 02138 has been listed for 72 days (since March 25, 2026).
What is the estimated cap rate on this 2-family in Cambridge?
Based on area median rents, the estimated cap rate is about 2.1%, with a Signal Score of 47/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $2,599,000 across 2 units, that works out to roughly $1,299,500 per unit.
What are the property taxes on 316-318 Concord Ave, Cambridge MA 02138?
Annual property taxes are $19,583 (2025), on an assessed value of $3,084,000.
What is the price per square foot?
At $2,599,000 for 3,883 sqft, that's about $669 per square foot.
Is there parking?
2 total parking spaces (paved drive).
Where is this property located?
316-318 Concord Ave, Cambridge MA 02138 is in Cambridge, Middlesex County, MA 02138.
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