Exceptional investment opportunity at 343 Harvard Ave in Cambridge. This well-maintained 5-unit property features 4 one-bedroom units and 1 two-bedroom unit, generating high in-place income with significant upside potential. Four of the five leases expire this year and are currently below market value, offering investors a rare chance to increase rents and dramatically improve cash flow and cap rate. With approximately $13,500/month in current rental income and low annual expenses, this asset is ideal for both seasoned investors and 1031 exchange buyers. Includes 2 off-street parking spaces. Located in a prime, high-demand area near Harvard Square, this property benefits from consistent tenant demand, long-term appreciation, and unbeatable access to universities, public transportation, and local amenities.
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| Year | Land | Building | Total | Change |
|---|---|---|---|---|
| FY2026 | $1,442,100 | $687,100 | $2,129,200 | — |
| Date | Price | Book/Page |
|---|---|---|
| Feb 17, 2012 | $1 | 58512/0060 |
| Issued | Type / Work | Status | Value |
|---|---|---|---|
| Apr 29, 2026 |
Building: Alteration and Addition
Multi-Family (3 units or greater)
Abatement of hazardous materials on the roof. Structural repairs of roof deck. Installing new roof system. Demo and replacement of 6th…
By Knollmeyerbuildingcorp.com
Permit #qu2z-8suj:1200589
|
Open | $1,194,600 |
| Feb 9, 2026 |
Building: Alteration and Addition
Multi-Family (3 units or greater)
Open walls for the plumber to replace leaking pipes and repair walls after plumbing is completed units 1F,2F,3F, 4 F and basement
By Maintenance Resource Co Inc
Permit #qu2z-8suj:1197622
|
Closed | $76,551 |
| Aug 27, 2020 |
Building: Alteration and Addition
Multi-Family (3 units or greater)
Repair and replacement of existing precast concrete balconies including new pedestrian traffic coating, metal railing replacement, and…
By Knollmeyer Building Corp.
Permit #qu2z-8suj:70239
|
Open | $1,102,098 |
| Aug 24, 2020 |
Building: Alteration and Addition
Multi-Family (3 units or greater)
5 story temporary tenant egress, metal scaffolding located at south end of building, along Harvard Street. Permit No. 83470 has been…
By Knollmeyer Building Corp.
Permit #qu2z-8suj:85213
|
Open | $141,000 |
| Field | Assessor | MLS | Match |
|---|---|---|---|
| Sqft | 4,294 | 4,294 | ✓ |
| Year built | 1,855 | 1,855 | ✓ |
Harvard Square
343 Harvard St, Cambridge MA 02139
Cambridge, MA 02139
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/28/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 05/24/2026 | ↓ Price Reduced | $2,325,000 | $25,000 | - | From $2,350,000 to $2,325,000 (-1.1%) |
| 05/18/2026 | ↓ Price Reduced | $2,350,000 | $25,000 | - | From $2,375,000 to $2,350,000 (-1.1%) |
| 05/11/2026 | ↓ Price Reduced | $2,375,000 | $100,000 | - | From $2,475,000 to $2,375,000 (-4.0%) |
| 05/03/2026 | ↓ Price Reduced | $2,475,000 | $25,000 | - | From $2,500,000 to $2,475,000 (-1.0%) |
| 05/01/2026 | • Back On Market | - | - | - | Active |
| 04/28/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 04/12/2026 | 🏠 Listed for Sale | $2,500,000 | - | - | Original listing |
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