
27 Wheeler St #224 Cambridge — Photo 1 of 19
$699,000
Investment Analysis — 27 Wheeler St #224
Cambridge, MA 02138
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 02138 carries an estimated $3,560/mo in gross rent — about a 3.25% cap rate and $22,684/yr in estimated NOI at the $699,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
738
Style
Condominium
Built
2007
Welcome to the beautifully landscaped Reservoir Lofts in vibrant Fresh Pond! Stunning south-facing 2nd-floor corner unit offering abundant natural light, an open floor plan, and private balcony. The well-appointed kitchen features maple cabinetry, granite countertops, and stainless steel appliances. Spacious bedroom, modern bath, generous closet space, in-unit laundry, hardwood floors, central A/C, and airy 10'+/- ceilings complete the home. Direct-access heated garage parking included. Fantastic location just minutes from Fresh Pond Reservation and Danehy Park with walking and biking trails, and recreation, All this and pet friendly as well. Take for a run or to enjoy the walking/biking trails with nearby off-leash areas. Enjoy convenient access to Trader Joe’s, Whole Foods, Starbucks, restaurants, cinema, and Fresh Pond Golf Course. Easy access to Alewife Red Line, 74 and 78 bus routes, Routes 2 and 128, Harvard Square, Cambridge, and Boston. A wonderful combination of comfort, convenience, and city living! Group showing Thu. Oct 1, 12-1pm. Open House Sat. Oct 3 from 12-1:30pm and Sun. Oct 4 from 12-1:30pm.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Property History
$699,000
Sep 30, 2026
MLS® 73584793
$300,000
Aug 1, 2011
MLS® 71194000
$319,900
Mar 2, 2011
MLS® 71194000
$319,900
Nov 1, 2010
MLS® 71096541
$319,900
Jun 16, 2010
MLS® 71096541
Listing Agent: Shane Marrion
Listing Office: Benoit Real Estate Group ,LLC
MLS® Number: 73584793








