Active Under Contract
54 Days on market
332 Franklin St Unit 501 #501 Cambridge — Photo 1 of 28

332 Franklin St Unit 501 #501 Cambridge — Photo 1 of 28

Recent Drop: $85,000

$900,000
$815,000

$815,000

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

Cambridge, MA 02139

Beds

2

Baths

2

SqFt

1,083

Style

Condominium

Built

1999

PRICE IMPROVEMENT!! A RARE VALUE-ADD INVESTMENT / EQUITY-BUILDING OPPORTUNITY IN PRIME CAMBRIDGE. This east-facing 2-bedroom, 2-bath unit in the highly desirable Cyrus Fellows condo flooded with natural morning light and fifth floor elevated privacy. This property presents a rare opportunity for investors, contractors, or end-users to secure immediate upside and build equity in one of the most desired neighborhoods in Central Square, Cambridge.PROPERTY HIGHLIGHTS:Spacious Open-Concept Layout: The apartment features rich hardwood floors, a cozy wood fireplace, large windows, a private balcony with city views.Functional 2BD/2BA Floor Plan: The primary suite has 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.Professionally managed, pet-friendly condominium association.Rentals permitted—capitalize on strong, continuous tenant demand driven by surrounding academic and biotechnology hubs. Offered firmly as is. 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!

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$753/sqft
Local Avg (Cambridge)$994/sqft
24% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Cambridge, MA.

Property Details

Financials

Original Price$900,000
Annual Taxes$5,873.6
HOA Fee$648.3

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms4
Fireplaces1
FlooringHardwood
BasementN

Climate & Utilities

HeatingElectric, Unit Control, Wall Furnace
Cooling3 or More, Unit Control
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningC-1

Property & Lot

Acres0.11
SqFt Lot4,945
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • Medical Facility • Laundromat • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Second
Bathroom 2
First
Living RoomKitchenMaster BedroomBedroom 2Bathroom 1
Living Room
Lvl First

20 x 14

Flooring - Hardwood, Balcony / Deck, Open Floorplan

Kitchen
Lvl First

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

Master Bedroom
Lvl First

17 x 10

Closet, Flooring - Hardwood

Bedroom 2
Lvl First

15 x 11

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - With Tub & Shower

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - With Shower Stall, Dryer Hookup - Electric, Washer Hookup

Property History

Price Drop
$815,000

Was $839,000

Sep 3, 2026

MLS® 73547607

Price Drop
$839,000

Was $869,000

Aug 18, 2026

MLS® 73547607

Price Drop
$869,000

Was $900,000

Jul 30, 2026

MLS® 73547607

Listed
$900,000

Jul 18, 2026

MLS® 73547607

Population

40,033

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$135K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

67.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Deb Basu

Listing Office: eXp Realty LLC

MLS® Number: 73547607

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