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Executive Summary

Historic Prime Mid-Rise Apartment Building Between Harvard & Central Squares
This property is a true legacy asset: a six-story, elevator-served, 58-unit multifamily building perfectly positioned on Massachusetts Avenue between Harvard Square and Central Square. Wrapped in an iconic stone façade with sweeping bay windows and twin formal entrances, the property offers institutional scale in one of the tightest, most coveted rental markets in the country.
Recently fully renovated and meticulously maintained, the building marries pre-war architecture with modern systems and finishes. The residential mix includes a handful of studios and three-bedrooms but is dominated by generous one- and two-bedroom homes—the sweet spot for Cambridge’s renter pool of professionals, graduate students, medical and tech talent, and long-term local residents seeking walkable urban living.
Residents step out their front door into a world-class ecosystem of universities, life science and tech employers, transit, dining, culture, and the Charles River. For investors, that translates into durable occupancy, premium rent levels, and meaningful mark-to-market upside over time.
This offering represents a rare opportunity to control a generational Cambridge address with both secure cash flow and a long runway for future growth.

Property Facts

Sale Type Investment
No. Units 58
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.26 AC
Building Size 43,539 SF
No. Stories 6
Year Built/Renovated 1889/2014
Parking Ratio 0.46/1,000 SF
Zoning C-2B

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Heating
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Bicycle Storage
  • Maintenance on site
  • Public Transportation
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100

Property Taxes

Property Taxes

Parcel Number
CAMB-000119-000000-000082
Land Assessment
$9,010,600
Improvements Assessment
$10,866,200
Total Assessment
$19,876,800
  • Listing ID: 40544504

  • Date on Market: 5/15/2026

  • Last Updated:

  • Address: 884-888 Massachusetts Ave, Cambridge, MA 02139

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