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.
| MLS Listing ID: | 73492979 |
|---|---|
| Listing Price: | $4,500,000 |
| Listing Status: | Active [?] |
| Neighborhood: | North Cambridge |
| Property Type: | Multi Family |
| Bedrooms: | 6 |
| Full Baths: | 6 |
| Living Space: | 3939 sf. |
| Lot Size: | 0.21 acres (9131 sf.) |
| Parking: | Yes |
| Taxes: | $17,159.00 |
| Tax Year: | 2025 |
Listing Current as of April 01, 2026 10:00am
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