347-349 Broadway

Cambridge, MA 02139

$2,850,000
Last Sold Price
10
Beds
3
Baths
2
1/2 Baths
7,454 Sq. Ft.
$382 / Sq. Ft.
7,454
Sq. Ft.
$382
per Sq. Ft.

Description

New price! This Cambridge property is truly a rare find! Legally converted into four condos and zoned for residential or office (O-1) use, this oversized multi-family offers the savvy investor unparalleled flexibility. Restore the larger 4-story building into three residential condos or continue development as a commercial property. The free-standing single-family home on the same lot features three floors of living space, 3 beds/2 baths, a porch, and parking. The office building is leased until...New price! This Cambridge property is truly a rare find! Legally converted into four condos and zoned for residential or office (O-1) use, this oversized multi-family offers the savvy investor unparalleled flexibility. Restore the larger 4-story building into three residential condos or continue development as a commercial property. The free-standing single-family home on the same lot features three floors of living space, 3 beds/2 baths, a porch, and parking. The office building is leased until 10/31/22 for $12,420/month and the single-family is leased until 8/31/22 for $4,550/month. This property features a private parking lot with four spots and the location offers convenient access to Inman Square, Central Square, Harvard, and MIT. Incredible opportunity awaits!
  1. Listed by Matt Gorman • EDGE Realty Advisors

Property Details for 347-349 Broadway

Town
Cambridge
MLS Area
Mid Cambridge
Area
MA-Cambridge-Mid Cambridge, MA-Cambridge
Garage Spaces
0
Parking Spaces
4.00
Parking Spaces Total
4

Location

Listing Courtesy of EDGE Realty Advisors, Matt Gorman

Sold By Compass, The Massimino Team

Add your commute
LISTING UPDATED: 08/10/2022 10:18 AM

Property Details for 347-349 Broadway

StatusSold
MLS #72966794
Days on Market96
Taxes$30,480 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1868
CountyMiddlesex County

Location

Listing Courtesy of EDGE Realty Advisors, Matt Gorman

Sold By Compass, The Massimino Team

Add your commute

Building Information for 347-349 Broadway

Stories7Residences4Year Built1868Building Size-Lot Size0.15 AC / 6,624 SF

Payment Calculator

$18,094 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,554

Property Taxes

$2,540

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 347-349 Broadway

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Medical Facility, Public School, T-Station, University
  • Current Financing: Cash
  • Living Area: 7454.0
  • SqFt with Basement: Yes
  • Total Units: 4
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Gas Water Heater
  • Basement Features: Full, Finished, Walk Out, Interior Access
  • Num of Baths: 5.0
  • Num of Full Baths: 3
  • Num of Half Baths: 2
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Other (See Remarks)
  • Interior Features: Other (See Remarks)
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch
  • Lot Description: Level
  • Patio And Porch Features: Porch
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Disclosures: Property Consists Of 2 Free-Standing Buildings Legally Divided Into 4 Units (3 In One Building,1 In The Other). The 3-Unit Building Is Currently Leased To A Single Commercial Tenant But Is Zoned For O-1 Or Res Usage. The 1-Unit Is Leased To A Residential Tenant. Must Be Sold Together.
Tax Information
  • Assessments: $3,520,800
  • Book: 20952
  • Tax Year: 2021
  • Zoning: RES/O-1
Building / Association Information
Living Characteristics
  • Beds Total: 10
  • Total Living Levels: 7
Other Building Characteristics
  • Foundation: Stone
  • Heat Units: 2
  • Heat Zones: 4
Income / Expenses
  • GOI: $203,640.00
  • NOI: $203,640.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 3
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 4
Rental Info
Rental Info
  • Total Actual Rent: $16,970.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 347-349 Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 347-349 Broadway

Taxable ValueLand-Additions$864,700Total-
Tax Record2020$4,972 ($414 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,208 SqFtAbove Grade Finished SqFt1,208 SqFtStories2StyleCondominiumYear Built1868ZoningO1CountyMIDDLESEXAPNM:00114 L:00097347/5

Schools near 347-349 Broadway

This home is within Cambridge School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
King Open
PublicPK to 5

The Amigos School
PublicPK to 8

Cambridge Rindge and Latin School
Public9 to 12

Cambridgeport
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EDGE Realty Advisors, Matt Gorman

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.