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348 Franklin St #D Cambridge — Photo 1 of 19

348 Franklin St #D Cambridge — Photo 1 of 19

$389,000

Investment Analysis — 348 Franklin St #D

Cambridge, MA 02139 — Cambridgeport

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 02139 carries an estimated $3,370/mo in gross rent — about a 6.26% cap rate and $24,346/yr in estimated NOI at the $389,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

470

Style

Condominium

Built

1962

Not your typical lower-level condo. Set in a mid-century modern building with a striking spiral staircase at its heart, this freshly painted, move-in ready garden-level one bedroom in Cambridgeport is wrapped in windows, so it feels bright, airy, and larger than its footprint. The living room has room to relax or set up a work-from-home nook, and the separate bedroom sits off the main space for privacy and quiet. The kitchen is efficient and well laid out, with an electric range for anyone who likes to cook. Being surrounded by windows means real light and leafy views, and with air conditioning plus the naturally cooler feel of a garden level, summers here are easy. It is a quieter setting off the street, too.An assigned off-street parking space is included, a rare find this close to Central Square. Laundry is in the building and the association is pet friendly. The condo fee even covers water and hot water, keeping monthly costs down and making this a smart move for a first home, a pied-a-terre, or a well-located rental investment.And the location is hard to beat. Central Square and the Red Line are a short stroll away, with Kendall, MIT, Harvard Square, downtown Boston, and the Charles River all within easy reach.Light-filled, full of character, and a rare chance to own in one of Cambridge's most connected neighborhoods.

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--
Annual Taxes$2,032
HOA Fee$363

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms2
FireplacesNone
FlooringTile
BasementN

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWindow Unit(s), Other
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
Roof--
Foundation--
ZoningC2

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Disposal • Microwave • Refrigerator • Freezer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Listing Provided By

Listing Agent: John Canning

Listing Office: Ebb Tide Realty

MLS® Number: 73581121