Pending

$2,900,000

114 Elm St, Cambridge, MA 02139

12beds

3,795sqft

$18,597/mo

Get pre-qualified

3 Family

Built in 1930

-- sqft lot

$2,091,400 Zestimate^®

$764/sqft

$-- HOA

What's special

Spacious residential unitsCovered parking

12/6 OPEN HOUSE IS CANCELED! SELLER ACCEPTED AN OFFER! ATTENTION DEVELOPERS & INVESTORS: Rare opportunity in one of Cambridge’s most desirable and fast-growing neighborhoods. Ideally located between Inman and Central Squares, this 5,173 sq. ft. lot includes three spacious residential units generating ~$165,000 in existing annual rent, providing strong cash flow while you plan your project. Zoning studies by a respected local architectural firm highlight exceptional flexibility: the site can support a 6-story building with 20+ luxury condos, maximizing the property’s full development potential. For a simpler path, it is also well-suited for a boutique 4-unit luxury townhouse project, offering 2000+ sq. ft. per unit with covered parking. A rare Cambridgeport offering with outstanding upside.

32 days
14
1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 6
Full bathrooms: 6

Features

Flooring: Tile, Hardwood
Basement: Full,Walk-Out Access,Interior Entry,Unfinished
Has fireplace: No

Interior area

Total structure area: 3,795
Total interior livable area: 3,795 sqft
Finished area above ground: 3,795

Property

Parking

Total spaces: 4
Parking features: Off Street
Garage spaces: 2
Uncovered spaces: 2

Features

Patio & porch: Deck

Lot

Size: 5,173 Square Feet
Features: Easements

Details

Parcel number: M:00086 L:00097,403194
Zoning: C-1

Construction

Type & style

Home type: MultiFamily
Property subtype: 3 Family

Materials

Frame
Foundation: Block, Stone

Condition

Year built: 1930

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range

Community & HOA

Community

Features: Public Transportation, Shopping, Park, Highway Access, Public School, T-Station

Location

Region: Cambridge

Financial & listing details

Price per square foot: $764/sqft
Tax assessed value: $1,903,800
Annual tax amount: $12,089
Date on market: 8/19/2026
Total actual rent: 13800

Estimated market value

$2,091,400

$1.84M - $2.38M

$5,582/mo

Price history

Date	Event	Price
9/1/2026	Pending sale	$2,900,000$764/sqft
Source: MLS PIN #73456611 Report a problem
12/6/2025	Contingent	$2,900,000$764/sqft
Source: MLS PIN #73456611 Report a problem
11/20/2025	Listed for sale	$2,900,000+125.7%$764/sqft
Source: MLS PIN #73456611 Report a problem
7/6/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
6/22/2021	Listed for rent	$4,350$1/sqft
Source: Zillow Rental Manager Report a problem
3/18/2016	Sold	$1,285,000$339/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$12,089 +7.1%	$1,903,800 -0.2%
2024	$11,291 +5.8%	$1,907,200 +4.8%
2023	$10,669 +7.4%	$1,820,600 +8.5%
2022	$9,936 +4.1%	$1,678,400 +2.8%
2021	$9,548 +2.5%	$1,632,200 +0.8%
2020	$9,311 +8.1%	$1,619,300 +11.6%
2019	$8,615 +7.7%	$1,450,400 +14%
2018	$8,002 +16.7%	$1,272,100 +20.4%
2017	$6,858 +6.2%	$1,056,700 +14.4%
2016	$6,456 +5%	$923,600 +17.5%
2015	$6,149 +9%	$786,300 +16.8%
2014	$5,641 +6.6%	$673,100 +10.2%
2013	$5,290 +5%	$610,900 +2.8%
2012	$5,039 +4.2%	$594,200 +0.2%
2011	$4,837 +3.8%	$592,800 -1.8%
2010	$4,659 +1.2%	$603,500 -0.9%
2009	$4,603 +2.1%	$608,800 -0.7%
2008	$4,510 -4.1%	$612,800 -2.5%
2007	$4,703 -3.6%	$628,800 -4.9%
2006	$4,880 -5.8%	$661,300 -0.7%
2005	$5,179 +20.8%	$665,700 +18.4%
2004	$4,289 +20.9%	$562,100 +15%
2003	$3,549 +2.1%	$488,800 +1.5%
2002	$3,477 +37.5%	$481,600 +83.7%
2000	$2,528	$262,200 +35%
1999	--	$194,200