Pending

Price cut: $145K (5/9)

$2,750,000

49-51 Putnam Ave, Cambridge, MA 02138

9beds

3,213sqft

$16,802/mo

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3 Family

Built in 1903

-- sqft lot

$-- Zestimate^®

$856/sqft

$-- HOA

What's special

Modern finishesFull basement for storageUpdated systemsWell-kept exteriorFunctional layouts

Rare opportunity to acquire a meticulously maintained three-family residence at 49–51 Putnam Ave in Cambridge. Each thoughtfully updated 3-bedroom, 2-bath unit offers modern finishes, functional layouts, and strong tenant appeal. The building is in outstanding condition, with updated systems, a full basement for storage, and a well-kept exterior. Ideally located just moments from the Charles River, Harvard Square, the Harvard & Central Sq. T stations, and Harvard University, this prime setting ensures exceptional convenience and enduring rental demand. Currently generating excellent rental income, the property delivers immediate cash flow with long-term appreciation potential in one of Cambridge’s most desirable neighborhoods.

114 days

56

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 6
Full bathrooms: 6

Features

Flooring: Wood
Windows: Insulated Windows
Basement: Full
Has fireplace: No

Interior area

Total structure area: 3,213
Total interior livable area: 3,213 sqft
Finished area above ground: 3,213

Property

Parking

Parking features: On Street
Has uncovered spaces: Yes

Lot

Size: 2,233 Square Feet
Features: Other

Details

Parcel number: M:00131 L:00060,408417
Zoning: C-1

Construction

Type & style

Home type: MultiFamily
Property subtype: 3 Family

Materials

Frame
Foundation: Other
Roof: Rubber

Condition

Year built: 1903

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, Private School, Public School, T-Station, University

Location

Region: Cambridge

Financial & listing details

Price per square foot: $856/sqft
Tax assessed value: $1,951,000
Annual tax amount: $12,389
Date on market: 4/7/2026
Total actual rent: 14475

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/17/2026	Pending sale	$2,750,000$856/sqft
Source: MLS PIN #73481478 Report a problem
6/3/2026	Contingent	$2,750,000$856/sqft
Source: MLS PIN #73481478 Report a problem
5/9/2026	Price change	$2,750,000-5%$856/sqft
Source: MLS PIN #73481478 Report a problem
3/24/2026	Price change	$2,895,000-3.3%$901/sqft
Source: MLS PIN #73481478 Report a problem
3/2/2026	Listed for sale	$2,995,000$932/sqft
Source: MLS PIN #73481478 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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