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223 Prospect Street #1 Cambridge — Photo 1 of 19

223 Prospect Street #1 Cambridge — Photo 1 of 19

$1,650,000

Investment Analysis — 223 Prospect Street #1

Cambridge, MA 02139 — Inman Square

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02139 carries an estimated $4,800/mo in gross rent — about a 1.89% cap rate and $31,130/yr in estimated NOI at the $1,650,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

3.5

SqFt

1,460

Style

Condominium

Built

2020

Located moments from Inman Square, this stunning 2020-built residence seamlessly blends sophisticated design, elevated finishes, and modern comfort with an exceptional sense of space. A private entrance opens to a grand foyer with soaring ceilings and a beautifully appointed open-concept kitchen, featuring top-of-the-line appliances, dining, and living areas. A half bath and direct access to the private fenced-in yard round out the first floor. As you ascend to the second level, a striking glass floating staircase and statement chandelier create a dramatic architectural focal point, perfectly complementing the home’s clean, modern aesthetic. Floor-to-ceiling windows and abundant natural light enhance the refined finishes throughout, creating a luxurious yet inviting atmosphere. Two generously sized bedrooms each feature beautifully finished en-suite baths, while the third floor is crowned by a private roof deck with panoramic city views. A finished lower level was used by the owners as a third bedroom, second living area, flex area, or home office. Complete with central air, in-unit laundry, deeded parking, and exceptional outdoor space - this is elevated city living at its finest.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$1,650,000
Annual Taxes$9,958
HOA Fee$224

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms5
FireplacesNone
Flooring--
BasementY

Climate & Utilities

HeatingForced Air
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningC

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Medical Facility

Geography

Listing Provided By

Listing Agent: The Goodrich Team

Listing Office: Compass

MLS® Number: 73573229