Price Reduced 11.22%
57 Cedar St, Cambridge, (North Cambridge), MA, 02140
18 rooms
6 beds
6 Full baths
1930
3,939 sqft
57 Cedar Street in Cambridge, MA is a three-story building currently contains six (6) 1-Bedroom/1-Bathroom units with 3,939 square feet of gross living area in 5,704 square feet of gross area. The Property is situated upon a 0.21-acre parcel (9,131 square feet) and features twenty (20) off-street parking spaces comprised of ten (10) off street spaces and ten (10) garage stalls. The opportunity exists to take advantage of the new Cambridge zoning laws and develop the current asset into a larger development by adding more units. As shown in conceptual renderings, investors and developers can pursue multiple value-add pathways, including the addition of new residential units at the rear of the existing structure or a potential full site redevelopment into a high-density multifamily asset that maximizes the site’s allowable envelope. It's situated ½ mile to both Porter and Davis Square and less than a mile from Alewife and Alewife Station.
Status:
Active
Town:
Cambridge
Type:
Multi-family
Units:
6
Zoning:
B
Garage:
10-car
Levels:
3
Parking:
20-car, Paved Drive, Off Street, Other
Acreage:
0.21
Est. Taxes:
$17,159
Assessment
$2,702,200
Construction
Frame
Amenities:
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
MLS #:
73492979
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of Kelleher - Pentore Team, Horvath & Tremblay 781-776-4000