Active Under Contract
65 Days on market
332 Franklin St Unit 501 #501 Cambridge — Photo 1 of 28

332 Franklin St Unit 501 #501 Cambridge — Photo 1 of 28

Recent Drop: $85,000

$900,000
$815,000

$815,000

Investment Analysis — 332 Franklin St Unit 501 #501

Cambridge, MA 02139

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02139 carries an estimated $4,000/mo in gross rent — about a 2.80% cap rate and $22,826/yr in estimated NOI at the $815,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,083

Style

Condominium

Built

1999

PRICE IMPROVEMENT!! A RARE VALUE-ADD INVESTMENT / EQUITY-BUILDING OPPORTUNITY IN PRIME CAMBRIDGE. This east-facing 2-bedroom, 2-bath unit in the highly desirable Cyrus Fellows condo flooded with natural morning light and fifth floor elevated privacy. This property presents a rare opportunity for investors, contractors, or end-users to secure immediate upside and build equity in one of the most desired neighborhoods in Central Square, Cambridge.PROPERTY HIGHLIGHTS:Spacious Open-Concept Layout: The apartment features rich hardwood floors, a cozy wood fireplace, large windows, a private balcony with city views.Functional 2BD/2BA Floor Plan: The primary suite has an en-suite full bath, and ample closet space. The second bedroom offers a walk-in closet—an ideal layout for maximum rental return, roommates, or a home-office configuration.Essential Modern Conveniences: In-unit washer and dryer, forced-air heating, individually controlled in-wall heating and cooling units, elevator access, and a private storage locker.Deeded Garage Parking: Includes a coveted deeded garage parking space in a high-density neighborhood where parking commands a premium.Professionally managed, pet-friendly condominium association.Rentals permitted—capitalize on strong, continuous tenant demand driven by surrounding academic and biotechnology hubs. Offered firmly as is. UNBEATABLE RIVERSIDE LOCATION:Nestled between Harvard University and MIT, very close to Central Square, the MBTA Red Line, the Charles River, and an array of world-class dining, cafes, and parks. Exceptional Walk and Bike scores make this a prime location for urban professionals and students alike.Bring your design ideas and tap into instant equity in the heart of Cambridge!

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$900,000
Annual Taxes$5,873.6
HOA Fee$648.3

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms4
Fireplaces1
FlooringHardwood
BasementN

Climate & Utilities

HeatingElectric, Unit Control, Wall Furnace
Cooling3 or More, Unit Control
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningC-1

Property & Lot

Acres0.11
SqFt Lot4,945
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • Medical Facility • Laundromat • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Second
Bathroom 2
First
Living RoomKitchenPrimary BedroomBedroom 2Bathroom 1
Living Room
Lvl First

20 x 14

Flooring - Hardwood, Balcony / Deck, Open Floorplan

Kitchen
Lvl First

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Gas Stove

Primary Bedroom
Lvl First

17 x 10

Closet, Flooring - Hardwood

Bedroom 2
Lvl First

15 x 11

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - With Tub & Shower

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - With Shower Stall, Dryer Hookup - Electric, Washer Hookup

Property History

Price Drop
$815,000

Was $839,000

Sep 3, 2026

MLS® 73547607

Price Drop
$839,000

Was $869,000

Aug 18, 2026

MLS® 73547607

Price Drop
$869,000

Was $900,000

Jul 30, 2026

MLS® 73547607

Listed
$900,000

Jul 18, 2026

MLS® 73547607

Listing Provided By

Listing Agent: Deb Basu

Listing Office: eXp Realty LLC

MLS® Number: 73547607