$560,000
●
Condo -
Off Market
848 Massachusetts Ave #3
Cambridge, MA 02139
Studio
1 Bath
476 Ft²
$3,285
Est. Monthly
$311
HOA / Fees
4.21%
Cap Rate
About This Property
***OPEN HOUSE CANCELED*** Amazing investment opportunity available
furnished or unfurnished! Absolutely adorable spacious and bright
parlor level home perfectly tucked away in a charming gated
courtyard offering the perfect blend of convenience and
tranquility. Ideally situated between Harvard and Central Squares,
with easy access to MIT and the Red Line, this home features an
updated kitchen and bath, gleaming hardwood floors throughout,
abundant natural light and generous interior storage with walk-in
closet. Enjoy low condo fees that include heat and hot water, plus
the added benefit of private storage and on-site laundry. With
a Walk and Bike Score of 97, this is an unbeatable opportunity for
city living in Cambridge.
Unit Size
476 Ft²
Days on Market
-
Land Size
-
Price per sqft
$1,174
Property Type
Condo
Property Taxes
$228
HOA Dues
$311
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 21 hours ago (MLSPIN #73334450)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 14, 2025 | Sold | ||
| Sold | |||
| Feb 16, 2025 | In contract | - | |
| In contract | |||
| Feb 11, 2025 | Listed by The Charles Realty | $559,000 | |
| Listed by The Charles Realty | |||
| Apr 25, 2022 | Sold | ||
| Sold | |||
| Feb 25, 2022 | Listed by Maloney Properties, Inc. | $499,900 | |
| Listed by Maloney Properties, Inc. | |||
   | |||
|
Located in a beautiful gated courtyard this quintessential studio
tucked just behind Mass Ave. is a must see! This unit is perfectly
located just steps away from Harvard /Central Squares and MIT and
close to the Red Line T. Newly renovated kitchen and bathroon with
beautiful hardwood floors - this is a perfect peaceful oasis. Low
condo fees (including heat and hot water), extra private storage
and laundry in building. Walk and Biker scores of 97!! Come see
this delightful pied a terre…
| |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: On Street
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Microwave, Refrigerator, Freezer
Flooring Type: Hardwood
Laundry Features: Common Area
Rooms: 2
Basement: N
Exterior Details
Has Property Attached
Entry Level: 1
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Cambridge Courtyard
Structure Type: Mid-Rise
Stories (Total): 1
Building Area Units: Square Feet
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: 102
Water Source: Public
Financial Details
Tax Assessed Value: $431,600
Tax Annual Amount: $2,741
Utilities Details
Utilities: for Gas Range
Cooling Type: Window Unit(s)
Heating Type: Hot Water, Steam
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Gas, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Hot Water, Laundry
Association Fee Frequency: Monthly
HOA Fee: $311
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School
Pets Allowed: Yes w/ Restrictions
Management: Professional - Off Site
848 Massachusetts Ave #3, Cambridge, MA, 02139
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
Stu
1
Bath
476 ft²
$1,025/ft²
$488,000
Feb 25, 2022
$488,000
Apr 25, 2022
$526/mo
Condo
1
Bed
1
Bath
432 ft²
$1,100/ft²
$475,000
Mar 15, 2021
$475,000
Apr 23, 2021
$459/mo
Condo
1
Bed
1
Bath
689 ft²
$872/ft²
$601,000
Mar 10, 2021
$601,000
Apr 8, 2021
$649/mo
Condo
1
Bed
1
Bath
685 ft²
$831/ft²
$569,000
Oct 6, 2020
$569,000
Jan 15, 2021
$664/mo
In Contract
Condo
1
Bed
1
Bath
479 ft²
$1,121/ft²
$536,900
Jan 15, 2025
-
$509/mo
Active
Condo
1
Bed
1
Bath
599 ft²
$1,043/ft²
$625,000
Feb 19, 2025
-
$608/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
02/25/2022
|
Studio
|
1 Bath
|
476 ft²
|
$499,900
Studio
1 Bath
476 ft²
|
$488,000
-2.38%
04/25/2022
|
-
|
Maria Dicenso
Maloney Properties, Inc.
| |
|
03/15/2021
|
1 Bed
|
1 Bath
|
432 ft²
|
$449,000
1 Bed
1 Bath
432 ft²
|
$475,000
+5.79%
04/23/2021
|
Michele Friedler Team
Move2Boston Group, LLC
| ||
|
03/10/2021
|
1 Bed
|
1 Bath
|
689 ft²
|
$599,000
1 Bed
1 Bath
689 ft²
|
$601,000
+0.33%
04/08/2021
|
-
|
Ai Cheng Goh
Z. Realty
| |
|
10/06/2020
|
1 Bed
|
1 Bath
|
685 ft²
|
$574,000
1 Bed
1 Bath
685 ft²
|
$569,000
-0.87%
01/15/2021
|
Sarah Glovsky
The Charles Realty
| ||
|
07/30/2017
| |
1 Bed
|
1 Bath
|
432 ft²
|
-
1 Bed
1 Bath
432 ft²
|
-
-
|
-
|
-
|
|
05/08/2013
|
1 Bed
|
1 Bath
|
691 ft²
|
$375,000
1 Bed
1 Bath
691 ft²
|
$430,000
+14.67%
06/26/2013
|
Lisa Drapkin
Hammond Residential Real Estate
| ||
|
06/06/2012
|
1 Bed
|
1 Bath
|
690 ft²
|
$349,500
1 Bed
1 Bath
690 ft²
|
$335,000
-4.15%
08/23/2012
|
-
|
Gary Luongo
RE/MAX Destiny
| |
|
01/31/2011
|
1 Bed
|
1 Bath
|
685 ft²
|
$369,900
1 Bed
1 Bath
685 ft²
|
$365,000
-1.32%
03/03/2011
|
Thalia Tringo
Compass
| ||
|
07/09/2010
|
1 Bed
|
1 Bath
|
688 ft²
|
$369,000
1 Bed
1 Bath
688 ft²
|
$350,000
-5.15%
08/23/2010
|
-
|
Mary Lewis
William Raveis R.E. & Home Services
| |
|
04/09/2010
|
1 Bed
|
1 Bath
|
432 ft²
|
$225,000
1 Bed
1 Bath
432 ft²
|
$222,000
-1.33%
11/30/2010
|
-
|
Lisa Godwin
Gibson Sotheby's International Realty
| |
|
06/13/2009
|
1 Bed
|
1 Bath
|
690 ft²
|
$324,000
1 Bed
1 Bath
690 ft²
|
$314,500
-2.93%
07/23/2009
|
-
|
Gary Luongo
RE/MAX Destiny
| |
|
04/02/2008
|
1 Bed
|
1 Bath
|
691 ft²
|
$319,900
1 Bed
1 Bath
691 ft²
|
$310,000
-3.09%
07/17/2008
|
-
|
Max Dublin
Gibson Sotheby's International Realty
| |
|
03/09/2007
|
1 Bed
|
1 Bath
|
661 ft²
|
$329,000
1 Bed
1 Bath
661 ft²
|
$320,000
-2.74%
08/17/2007
|
-
|
Max Dublin
Gibson Sotheby's International Realty
| |
|
03/03/2007
|
1 Bed
|
1 Bath
|
690 ft²
|
$315,000
1 Bed
1 Bath
690 ft²
|
$298,000
-5.40%
07/31/2007
|
-
|
Michael Pallares
eXp Realty
|
Building Info
