114 Elm St, Cambridge, MA 02139
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$2,900,000
3 Unit
12 Beds
6 Baths
3795 SQFT
0.12 Acre

Property Description

ATTENTION DEVELOPERS & INVESTORS: Rare opportunity in one of Cambridge’s most desirable and fast-growing neighborhoods. Ideally located between Inman and Central Squares, this 5,173 sq. ft. lot includes three spacious residential units generating ~$165,000 in existing annual rent, providing strong cash flow while you plan your project. Zoning studies by a respected local architectural firm highlight exceptional flexibility: the site can support a 6-story building with 20+ luxury condos, maximizing the property’s full development potential. For a simpler path, it is also well-suited for a boutique 4-unit luxury townhouse project, offering 2000+ sq. ft. per unit with covered parking. A rare Cambridgeport offering with outstanding upside.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 12
  • Total Full Baths: 6
  • Amenities: Highway Access, Park, Public School, Public Transportation, Shopping, T-Station
  • Basement Features: Full, Interior Access, Unfinished Basement, Walk Out
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: No
  • Gross Operating Income: 165600
  • Net Operating Income: 165600

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1930
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block, Fieldstone
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73456611
  • Last Updated: 11/20/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/20/2025New$2,900,000$764MLSPIN

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Seller's Representative: Santana Team, Keller Williams Realty Boston Northwest
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-11-20 18:01:00

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