1039 Massachusetts Avenue, Cambridge MA 02138

Cambridge, MA 02138

$12,000,000

Est. $66,493/month

46

Beds

26

Baths

20,317

Sq Ft

$591

Price/Sq Ft

0.26

Acres

1920

Year Built

5+ Family - 5+ Units Up/Down

Type

61

Days on Market

Pending Listed Mar 12, 2026 • MLS# 73485718 Copied!

About this home

1039 Massachusetts Avenue, aka The University Building, offers 26 apartment units and is located within the Harvard Square neighborhood of Cambridge. The property is comprised of a six-story, elevatored building with a basement level. Originally built in 1920, the property has been exceptionally well-maintained by current ownership, with substantial capital invested in recent years, including significant improvements made to building systems, elevator modernization, roof replacement, and enhancements made to the building‘s entryway space and throughout all common areas. Apartment finish levels vary, with the property offering a mix of original, partially-renovated,and fully-renovated units, providing a desirable mix of proven-value add and organic rent upside remaining.

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Public Records

Current Owner

Owner MIT 1039 MASS AVE FEE OWNER LLC

Mailing Address ONE BROADWAY, 9TH FL. SUITE 200, CAMBRIDGE, MA, 02142

Land Use

Use Code 112

Description Apartments (8+ units)

Zoning BB-HSQ

Style APARTMENTS

Tax Information

Assessed Value $10,101,100

Tax Rate $5.86 per $1,000

Base Tax $59,192

CPA Surcharge 3% ($1,758)

Estimated Annual Tax $60,951

Assessment History

Year	Land	Building	Total	Change
FY2026	$4,957,800	$5,143,300	$10,101,100	—

Sale History

Date	Price	Book/Page
Aug 24, 2016	$10	67876/0493

Building Permit History

Issued	Type / Work	Status	Value
Jul 2, 2025	Building: Alteration and Addition Masonry facade repairs, caulking By Acme Waterproofing Co., Inc. Permit #qu2z-8suj:1170342	Closed	$130,050
Oct 22, 2019	Building: Alteration and Addition Remove and replace the brick and cement cap over the garage doors, Repoint the exterior cement block walls. Remove and rebuild the rear… By Acme Waterproofing Co., Inc. Permit #qu2z-8suj:58522	Open	$96,225
May 21, 2019	Building: Alteration and Addition Multi-Family (3 units or greater) Installation of new Fire Protection Sprinkler System in Basement and 1st floor through 6th floor Residential Units.Replacement of ADA… By Siena Construction Corporation Permit #qu2z-8suj:46715	Closed	$1,556,469

Data: City of Cambridge Open Data (data.cambridgema.gov)

Municipal Context: CAMBRIDGE

Median Home Value $925,000

Avg SF Tax Bill $8,175

Residential Tax Rate $5.86/1000

CPA Surcharge 3%

County Middlesex

Property Data Comparison

Discrepancies found between MLS and assessor records.

Field	Assessor	MLS	Match
Sqft	13,194	20,317	✗
Year built	1,920	1,920	✓

Match: address_exact (95.0% confidence) · Data as of Jun 1, 2026

Property Overview

Property Type

5+ Family - 5+ Units Up/Down

Listing Type

For Sale

Year Built

1920

Bedrooms

46

Full Bathrooms

26

Living Area

20,317 sq ft

Total Rooms

96

Stories

6

Levels

6

Facts & Features

3 Car Garage

Home Facts

Type Residential Income

Style 5+ Family - 5+ Units Up/Down

Year Built 1920

Living Area 20,317 sq ft

Lot Size 0.26 acres

Bedrooms 46

Full Baths 26

Total Rooms 96

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction None

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Garage Spaces 3

Has Garage Yes

Features None

Total Spaces 6

Utilities

Electric None

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax $67,374

Assessed Value $10,101,100

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Year Built: 1920

Structure Type:

Exterior Materials:

Roof:

Foundation: Concrete Perimeter, Brick/Mortar, Granite

Stories: 6

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing:

Other Structures:

Lot Features: Other

Road Surface:

Parking & Garage

Garage Spaces: 3

Total Parking Spaces: 6

Parking Features:

Location

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Neighborhood

1039 Massachusetts Avenue, Cambridge MA 02138

Cambridge, MA 02138

Walkability

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Nearby Schools

School District

Cambridge School District local

A-

🎓 Where Graduates Go Class of 2021

65% attend college

58% 4-Year 7% 2-Year 23% Out of State 7% Working

✓ School Safety 2024-25

1.2% Low

0.8% Suspensions 0.2% In-School 0.4% Emergency

↓ 4.3% below state avg

E

Elementary Schools

3 schools

A+

Martin Luther King Jr. School

0.2 mi | #22 of 824 | Score: 64.5

Improved 21 spots from last year

+6.3 above state avg

340 students Very Diverse

Rising School Diverse Student Body

Grades PK-05

A

John M Tobin School

0.5 mi | #137 of 824 | Score: 57.4

Dropped 34 spots from last year

-0.8 below state avg

291 students Very Diverse

Diverse Student Body

Grades PK-05

A

Amigos School

0.5 mi | #45 of 352 | Score: 57.8

Improved 14 spots from last year

-0.5 below state avg

413 students Diverse

Diverse Student Body

Grades PK-08

M

Middle Schools

3 schools

A-

Putnam Avenue Upper School

0.2 mi | #103 of 352 | Score: 49.1

Dropped 24 spots from last year

-9.1 below state avg

283 students Very Diverse

Diverse Student Body

Grades 06-08

Allium Montessori School

0.7 mi

Grades 01-06

C+

Cambridge Street Upper School

1.1 mi | #214 of 352 | Score: 39.8

Dropped 26 spots from last year

-18.4 below state avg

301 students Very Diverse

Diverse Student Body

Grades 06-08

H

High Schools

3 schools

Farr Academy School

0.6 mi

Grades 07-12

NuVu Innovation School

0.7 mi

Grades 08-12

B-

Community Charter School of Cambridge

1.4 mi | #178 of 346 | Score: 53.1

Dropped 57 spots from last year

-5.2 below state avg

251 students Diverse

7 sports • 202 athletes

High Graduation Rate College Ready Curriculum

Grades 06-12

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Year 1

95% Interest

Year 15

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95% Principal

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Property History

Market Insights

Property Timeline

⏳

Pending Sale

May 13, 2026

Offer accepted, sale pending

🏠

Listed for Sale

Mar 12, 2026

$12,000,000

Original listing

Agent: John McLaughlin Office: CBRE, Inc

Date	Event	Price	Change	$/sqft	Details
05/13/2026	⏳ Pending Sale	-	-	-	Offer accepted, sale pending
03/12/2026	🏠 Listed for Sale	$12,000,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Mar 12, 2026	New Listing Added	$12,000,000	—

Market Statistics

Days on Market

61 days

Price per Sq Ft

$591

Tax History

Year	Taxes	Assessment
2026	$67,374	$10,101,100

Financial Details

Annual Property Tax

$67,374

Tax Year 2026

Assessed Value

$10,101,100

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1039 Massachusetts Avenue, Cambridge MA 02138

About this home

Public Records

Current Owner

Land Use

Tax Information

Assessment History

Sale History

Building Permit History

Municipal Context: CAMBRIDGE

Property Data Comparison

Property Overview

Facts & Features

Home Facts

Interior

Exterior

Parking

Utilities

Financial

Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Location

Neighborhood

Walkability

Nearby Schools

Elementary Schools

Middle Schools

High Schools

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