2 & 4 Sherman Street, Cambridge MA 02138

Cambridge, MA 02138
$5,600,000
Est. $29,806/month
12
Beds
12
Baths
10,656
Sq Ft
$526
Price/Sq Ft
0.23
Acres
1920
Year Built
5+ Family - 5+ Units Side by Side
Type
57
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73227441

About this home

Discover an exceptional investment opportunity! Situated in a great location, steps from Danehy Park; close to Porter Square, Harvard University, Davis Square, Alewife and Cambridge's vibrant shops, restaurants and top universities. These two six-family buildings boast a collection of well-maintained one-bedroom, one-bath units, each offering comfortable living spaces and modern amenities. Nearly all units can be easily converted into spacious two-bedroom apartments. These properties feature ample off-street parking, ensuring convenience and accessibility for tenants. Currently, all units are rented, underscoring the strong rental demand in the area. This turnkey investment promises immediate returns and long-term growth potential. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a profitable venture, these buildings offer a fantastic opportunity to secure your financial future. Don't miss this rare chance to own a lucrative piece of real estate

Sale Statistics

Sale Overview
Original List Price: $6,500,000
Final Sale Price: $5,600,000
Difference: $900,000 (-13.8%)
Performance Metrics
86.2%
List to Sale Ratio
Sold below asking price
57
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $610
Sale $/sq ft: $526
This property sold for $526 per square foot
Sale Summary

This property sold for 13.8% below the original asking price.

The property spent 57 days on market before selling.

Facts & Features

Property Overview

Property Type
5+ Family - 5+ Units Side by Side
Property Category
Residential Income
Year Built
1920
Bedrooms
12
Full Bathrooms
12
Living Area
10,656 sq ft
Total Rooms
48
Stories
5
Levels
5

Interior Features

Flooring
Tile, Hardwood
Has Fireplace
No
Basement Details
Full

Exterior & Structure

Construction Materials
Frame
Roof
Rubber
Foundation
Brick/Mortar
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.23 acres
Lot Size
10,181 sq ft
Lot Size Area
0.2300
Lot Features
Corner Lot, Level
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
12
Parking Features
Paved Drive, Off Street, Assigned

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Tennis Court(s), Walk/Jog Trails, Medical Facility, Bike Path, House of Worship, Private School, Public School, University
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$23,024
Tax Year
2024
Tax Assessed Value
$3,889,200
Parcel Number
M:00206 L:00074,414859
Zoning
B

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Estate Sale. Seller has never resided at property. Please see attached rent roll for more information regarding rents, leases and expenses.
Listing Terms
Estate Sale

Location

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Neighborhood

2 & 4 Sherman Street, Cambridge MA 02138

Cambridge, MA 02138

Walkability

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Schools

School information not available

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $1,919
Homeowners Insurance $200
PMI $0

Property History

Market Insights

1.8%
Price Range
52
Total Days on Market

Property Timeline

Sold
Sep 27, 2024
$5,600,000
Property sold
Days on Market: 52
🏠
Listed for Sale
Apr 23, 2024
$5,499,000
Original listing
Agent: Kimberly Kearns-Nardone Office: Century 21 CELLI

Price & Status History

Date Event Price Change
Apr 23, 2024 New Listing Added $5,499,000

Market Statistics

Days on Market
57 days
Price per Sq Ft
$526

Tax History

Year Taxes Assessment
2024 $23,024 $3,889,200

Financial Details

Annual Property Tax
$23,024
Tax Year 2024
Assessed Value
$3,889,200

Listing Information

Listing Agent Kimberly Kearns-Nardone
Listing Office Century 21 CELLI
Agent MLS ID CN237194
Office MLS ID AC1531

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