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$2,995,000
Est. payment /mo
7 Beds
3 Baths
3,441 SqFt
Open House
Sat Sep 12, 12:00pm - 2:00pm
Sun Sep 13, 12:00pm - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,441 sqft
Price per Sqft $870
MLS Listing ID 73574833
Bedrooms 7
Full Baths 3
Year Built 1903
Annual Tax Amount $11,712
Tax Year 2026
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Multi Family
Property Description
Developers and Buyers - Rarely does an opportunity of this caliber emerge on Orchard Street— previously named by The Boston Globe "Top Spots to Live: The Best Streets in Greater Boston." Miticulously maintained and perfectly positioned between the vibrant hubs of Davis and Porter Squares, this exceptionally maintained two-family home sits on a premier 5,100 SF lot, offering a sophisticated canvas for a high-end development project with significant profit potential. The existing structure encompasses 4,366 gross SF, but the true value lies in the expansive vision for the site. Developers have the unique chance to execute a full gut renovation of the front two-family to add approximately 4,000 SF, while simultaneously constructing an additional 8,000 SF (including basement) for new luxury condos. This brings the total projected gross saleable area to a staggering 12,000 SF. With a projected resale value of $1,200 per square foot, the gross resale potential for this project reaches $14.4M. This is a chance to define luxury living on one of the region's most prestigious streets.Asking Price: $2.995M. Alternatively it would make a wonderful home for an end user looking for an ideal A+ Cambridge location with significant rental income in either unit and an expansive yard to enjoy in a home that has been exceptionally maintained by its owners, Now is the time to secure your position on Orchard Street before the rest of the market catches on. Offers reviewed when received.
Location
State MA
County Middlesex
Area Porter Square
Zoning C1
Direction Mass Ave to Russell Street to Orchard Street.
Rooms
Basement Full, Finished
Interior
Flooring Wood, Hardwood
Exterior
Fence Fenced
Utilities Available for Gas Range, for Gas Oven
Roof Type Shingle
Total Parking Spaces 2
Garage No
Building
Lot Description Level
Story 3
Foundation Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Compass
NEARBY SCHOOL & BUSINESS
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