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!
Property Details
Price:
$869,000
MLS #:
73547607
Status:
Active
Beds:
2
Baths:
2
Type:
Condo
Subtype:
Condominium
Listed Date:
Jul 18, 2026
Finished Sq Ft:
1,083
Total Sq Ft:
1,083
Lot Size:
4,945 sqft / 0.11 acres (approx)
Year Built:
1999
See this Listing
Schools
Interior
Above Grade Finished Area
1083
Appliances
Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Bathrooms
2 Full Bathrooms
Cooling
3 or More, Unit Control
Fireplaces Total
1
Flooring
Hardwood
Heating
Electric, Unit Control, Wall Furnace
Interior Features
Bathroom
Laundry Features
First Floor, In Unit
Exterior
Association Amenities
Hot Water, Elevator(s), Garden Area
Attached Garage YN
1
Common Walls
2+ Common Walls
Community Features
Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Public School, T-Station, University
Covered Spaces
1
Exterior Features
City View(s)
Garage Spaces
1
Open Parking Spaces
1
Open Parking YN
1
Parking Features
Under, Garage Door Opener, Deeded, On Street, Paved
Parking Spots
2
Parking Total
2
Stories
1
View
City
Financial
HOA Fee
$648
HOA Fee Frequency
Monthly
HOA Includes
Heat, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
Tax Year
2026
Taxes
$5,874
Map
Community
- Address332 Franklin St Unit 501 # 501 Cambridge MA
- CityCambridge
- CountyMiddlesex
- Zip Code02139
Subdivisions in Cambridge
Market Summary
Property Summary
- 332 Franklin St Unit 501 # 501 Cambridge MA is a Condo for sale in Cambridge, MA, 02139. It is listed for $869,000 and features 2 beds, 2 baths, and has approximately 1,083 square feet of living space, and was originally constructed in 1999. The current price per square foot is $802. The average price per square foot for Condo listings in Cambridge is $967. The average listing price for Condo in Cambridge is $1,177,565. To schedule a showing of MLS#73547607 at 332 Franklin St Unit 501 # 501 in Cambridge, MA, contact your Cornerstone Real Estate agent at 617-238-7400.
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Courtesy of Berkshire Hathaway HomeServices Commonwealth Real Estate. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
332 Franklin St Unit 501 # 501
Cambridge, MA