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INVESTMENT SNAPSHOT
About this property
278 Harvard Street presents multifamily investors with a rarely available 10-unit Mid-Cambridge apartment building, combining dependable cash flow, clear value-add upside, and long-term appreciation potential in one of Greater Boston’s most supply-constrained rental markets. The unit mix of 8 studios and 2 two-bedroom apartments is ideally suited to the strong renter demand in this location, supporting income from day one. This generational asset is located between Harvard Square and Central Square, close to Harvard University, Kendall Square, major employment centers, and the Red Line. Current rents leave meaningful room to grow, and a new owner can capture additional value through targeted unit upgrades, improved operations, and bringing rents to market. Longer-term development potential may also exist, subject to buyer verification of zoning and permitting. Opportunities to acquire well-located multifamily assets of this size are limited. Financials available upon request.yer verification of zoning and permitting. Opportunities to acquire well-located multifamily assets of this size are limited. Financials available upon request.
Property details
| Units | 10 |
| Living area | 6,070 sqft |
| Lot size | 5,560 sqft |
| Year built | 1873 |
| Price / sqft | $708 |
| County | Middlesex |
| MLS # | 73597171 |
Listing status
| Days on market | 0 days |
| Listed on | October 30, 2026 |
Taxes & financials
| Annual property tax | $25,888 |
| Tax year | 2026 |
| Assessed value | $388,130 |
| Zoning | C-1 |
| Gross income (actual) | $280,380/yr |
| Net operating income (actual) | $243,060/yr |
| Total actual rent | $23,333/mo |
| Electric expense | $1,033/yr |
| Insurance expense | $7,050/yr |
Building & lot
| Stories | 5 |
| Total rooms | 14 |
| Lot size | 0.13 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Basement | Unfinished |
| Foundation | Concrete Perimeter |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Hardwood |
Utilities & systems
| Heating | Oil |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Oven, Dishwasher, Refrigerator |
Location
More about investing in Cambridge →
Listing courtesy of Compass — Yassien Youssef. Listing data © MLS PIN.
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Questions & answers
Answered from the listing data and public map data.
How many units does 278 Harvard St, Cambridge MA 02139 have?
It is a 10-unit multi-family property with 6,070 sqft of living area, built in 1873.
How long has 278 Harvard St, Cambridge MA 02139 been on the market?
278 Harvard St, Cambridge MA 02139 has been listed for 0 days (since October 30, 2026).
What is the price per unit?
At a list price of $4,300,000 across 10 units, that works out to roughly $430,000 per unit.
What are the property taxes on 278 Harvard St, Cambridge MA 02139?
Annual property taxes are $25,888 (2026), on an assessed value of $388,130.
What is the price per square foot?
At $4,300,000 for 6,070 sqft, that's about $708 per square foot.
Is there parking?
6 total parking spaces.
Where is this property located?
278 Harvard St, Cambridge MA 02139 is in Cambridge, Middlesex County, MA 02139.
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