Investment Analysis — 29 Concord Avenue #705

Cambridge, MA 02138 — Harvard Square

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 3.23% cap rate and $20,957/yr in estimated NOI at the $649,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

495

Style

Condominium

Built

1965

In Cambridge, a deeded parking space can change everything. Pair it with an upper floor setting, a private deck, rooftop views and a location close to Harvard Square, and 29 Concord Avenue #705 becomes an especially compelling offering. Large windows bring wonderful natural light into this efficient 495 square foot home, while generous closet space and additional storage help it live larger than expected. Designed by noted architect Hugh Stubbins Jr. and built in 1965, 29 Concord Avenue is a wonderful example of mid century modern architecture, distinguished by its dramatic eight story atrium. An elevator, common laundry and additional storage add to the ease of everyday living.The location puts so much of Cambridge close at hand, including Harvard Square, Harvard University, Cambridge Common and the Longy School of Music, along with neighborhood shops, restaurants, parks and public transportation. And when you do need to use your a car, your deeded carport space is waiting for you. A terrific combination of light, location and the increasingly rare convenience of your own parking space.

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 MLS and other third-party data may be inaccurate or out of date.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.