332 Franklin St Unit 501 #501, Cambridge, MA 02139
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332 Franklin St Unit 501 #501, Cambridge, MA 02139
332 Franklin St Unit 501 #501, Cambridge, MA 02139
332 Franklin St Unit 501 #501, Cambridge, MA 02139
332 Franklin St Unit 501 #501, Cambridge, MA 02139
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Charles Cherney

Charles Cherney

+1(617) 733-8937
$ 869,000
Est. payment /mo
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Price Dropped by $31K

332 Franklin St Unit 501 #501 Cambridge, MA 02139

2 Beds

2 Baths

1,083 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,083 sqft

Price per Sqft $802

MLS Listing ID 73547607

Bedrooms 2

Full Baths 2

HOA Fees $648/mo

Year Built 1999

Annual Tax Amount $5,873

Tax Year 2026

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Condominium

Property Description

PRICE REDUCTION TO $869,000 — RARE VALUE-ADD INVESTMENT / EQUITY-BUILDING OPPORTUNITY IN PRIME CAMBRIDGEWelcome to Unit 501 at 332 Franklin Street—East-facing 2-bedroom, 2-bath unit in the highly desirable Cyrus Fellows Condominium. Flooded with natural morning light and offering elevated privacy, this spacious fifth-floor residence is a structurally solid blank canvas ready for your vision. Strategic price improvement at $869,000 to reflect its original condition, this property presents a rare opportunity for investors, contractors, or end-users to secure immediate upside and build equity in one of the most resilient real estate markets in the country.PROPERTY HIGHLIGHTS:Spacious Open-Concept Layout: The apartment features rich hardwood floors, a cozy wood fireplace, large windows, and direct access to a private balcony with city views.Functional 2BD/2BA Floor Plan: The primary suite boasts 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.INVESTMENT & BUILDING METRICS:Professionally managed, stable, pet-friendly condominium association.Rentals permitted—capitalize on strong, continuous tenant demand driven by surrounding academic and biotechnology hubs.Offered firmly as-is, allowing you to tailor the interior finishes to maximize rental yields or future resale value.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!

Location

State MA

County Middlesex

Zoning C-1

Direction Franklin St is parallel to Massachusetts Ave, From Mass Ave to Hancock St to Franklin St

Rooms

Basement N

Primary Bedroom Level First

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

Interior

Interior Features Bathroom

Heating Electric, Unit Control, Wall Furnace

Cooling 3 or More, Unit Control

Flooring Hardwood

Fireplaces Number 1

Fireplaces Type Living Room

Appliance Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer

Laundry First Floor, In Unit

Exterior

Exterior Feature City View(s)

Garage Spaces 1.0

Community Features Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Public School, T-Station, University

View Y/N Yes

View City

Total Parking Spaces 3

Garage Yes

Building

Story 1

Sewer Public Sewer

Water Public

Others

Pets Allowed Yes

Senior Community false

Listed by eXp Realty

NEARBY SCHOOLS & PROPERTIES

Charles Cherney

Charles Cherney

+1(617) 733-8937

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332 Franklin St Unit 501 #501

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