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Off market
  • $1,098,900

    56 Elm St #3, Cambridge, MA 02139

    2beds
    1,389sqft
    Apartment
    Built in ----
    -- sqft lot
    $1,098,900 Zestimate®
    $791/sqft
    $4,450 Estimated rent

    Home value

    $1,098,900

    $1.01M - $1.19M

    $4,450/mo

    Zestimate® history
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    $4,450/mo

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    $6,823/mo

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    What's special

    Hardwood floorsNew hvac installedStainless steel appliancesDishwasher and microwaveBuilding facade upgradedGourmet kitchenMaple cabinets

    ** NOTE: Due to a surge of interest in renting this apt (60 inquires and 10 applications submitted in the past week), we must review currently interested tenants before scheduling any additional apt viewings or accepting further prospective applicants. ** A partially-furnished 1389 sq feet penthouse loft (1.5 BR and 2 bathrooms), a few blocks from Central Square with fabulous views of the city. * Building exterior & interiors completely rehabbed. The gourmet kitchen has maple cabinets, granite counters and stainless steel appliances. * High ceilings, 40 ft open plan fireplaced living/dining and kitchen with hardwood floors. Master bathroom has Corian counters and limestone surround on the Jacuzzi tub. Alcove can be used as a bedroom or study. * The condo is spacious, modern and clean, while furniture provided in the condo is primarily a large dining table with 6 chairs and 2 high-chair bar stools for the eat-in kitchen counter. * Newly installed in-unit laundry (washer/dryer), dishwasher and microwave with central air/heating and large storage in basement. * Wireless internet access & cable TV available (service fee required) and security system with intercom (will need to be upgraded soon). * The condo is on the 3rd floor of a 3-unit condominium. Grocery stores, restaurants, parks, Kendall Square and Central-Sq T stop all within a 5 min walk. * Across the street from Lamplighter Brewing Co. and Judy's Bay Japanese restaurant, Oleana Mediterranean restaurant, and a 5 min walk to Whole Foods Market on Prospect St. * Parking spot available behind the building, as well as ample street parking in a largely residential area. Secure basement storage provided, including for bikes ($150 required monthly fee). * The building is self-managed by the owners (just 3 of us) and we are highly responsive and have invested in keeping the building in great shape (new HVAC installed, building facade upgraded, water heaters replaced regularly etc). We keep all costs manageable by not contracting an external management company. However, we expect tenants to undertake general responsibilities for regular upkeep, communal duties and maintenance, while offering support and reimbursement for any unexpected expenses. The current tenant, an MIT Professor, has lived here comfortably for many years and has taken very good care of the apartment. The monthly rent is $3,900 including all condo fees. A full deposit of one month's rent is expected upon signing the lease. Utilities are separate and should be handled by the tenant (around $300-$400 per month). An annual 5% rent increase is customary to handle condo/building maintenance expenses. Lease must begin July 2nd, 2026 onward though the move-in date is flexible. A minimum 12 month sublet is required and renewable multi-year agreement preferable. I'm currently living abroad, but I'd be happy to chat on the phone and have my current tenant arrange a time to show you the place if needed. Please share any further background info. about yourself, your interest in the apt, and any previous references in advance. Nitin Sawhney, Ph.D., MIT Media Lab alum A minimum 12 month sublet is preferred, renewable yearly. Available July 2nd, 2026 onward though the move-in date is flexible. A full deposit of one month's rent is expected upon signing the lease. Utilities are separate and should be handled by the tenant (around $300-$400 per month). No smoking on the property.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air, Fireplace
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Flooring: Hardwood
    • Has fireplace: Yes
    • Furnished: Yes
    Interior area
    • Total interior livable area: 1,389 sqft

    Property

    Parking
    • Parking features: Off Street
    • Details: Contact manager
    Features
    • Exterior features: Bicycle storage, Dining Table with chairs, Heating system: Forced Air, High-chair bar stools for eat-in kitchen counter, Utilities fee required
    Details
    • Parcel number: CAMBM00086L0009900003

    Construction

    Type & style
    • Home type: Apartment
    • Property subtype: Apartment

    Community & neighborhood

    Location
    • Region: Cambridge

    HOA & financial

    Other fees
    • Deposit fee: $3,900

    Other

    Other facts
    • Available date: 07/02/2026

    Price history

    DateEventPrice
    5/17/2026Listing removed$3,900$3/sqft
    Source: Zillow Rentals Report a problem
    5/4/2026Listed for rent$3,900$3/sqft
    Source: Zillow Rentals Report a problem
    7/26/2004Sold$495,000$356/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,238 +8.3%$982,300 +1%
    2024$5,760 +6.6%$972,900 +5.6%
    2023$5,401 +1.2%$921,700 +2.2%
    2022$5,337 +2.2%$901,500 +1%
    2021$5,223 +7.4%$892,900 +5.5%
    2020$4,865 +4.4%$846,100 +7.8%
    2019$4,661 +4%$784,700 +10.1%
    2018$4,481 +4.5%$712,400 +7.8%
    2017$4,290 +2.7%$661,000 +10.6%
    2016$4,179 +1%$597,800 +13%
    2015$4,138 +3.7%$529,200 +11.2%
    2014$3,989 +2%$476,000 +5.4%
    2013$3,912 +3.2%$451,700 +1%
    2012$3,791 +3.9%$447,100
    2011$3,648 +8.3%$447,100 +2.5%
    2010$3,367 +2.1%$436,100
    2009$3,297 +1.7%$436,100 -1%
    2008$3,241 -3%$440,300 -1.4%
    2007$3,341 $446,700

    Find assessor info on the county website

    Neighborhood: The Port - Area 4

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,098,900
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    Estimated market value
    $1,098,900