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56 Concord #27 Cambridge — Photo 1 of 18

56 Concord #27 Cambridge — Photo 1 of 18

$775,000

Investment Analysis — 56 Concord #27

Cambridge, MA 02138 — Harvard Square

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02138 carries an estimated $4,230/mo in gross rent — about a 3.54% cap rate and $27,407/yr in estimated NOI at the $775,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

795

Style

Condominium

Built

1920

Sun-filled top-floor, corner residence perched atop coveted Observatory Hill. Nestled on a picturesque, tree-lined street in one of Cambridge's most charming residential neighborhoods, this exceptional home is just moments from the vibrant shops, acclaimed restaurants, and cultural attractions of Harvard Square. One deeded parking space offers the perfect balance of peaceful neighborhood living and unmatched urban convenience. A grand, welcoming foyer opens to generously proportioned rooms bathed in natural light from multiple exposures. Thoughtfully designed with abundant closet space throughout the home seamlessly blends the gracious proportions and architectural character of the pre-war era with tasteful modern updates. The expansive living room is anchored by an ornamental fireplace and framed by three oversized windows overlooking mature trees, creating a bright and inviting space for everyday living and entertaining. Two equally spacious bedrooms offer exceptional scale and flexibility. The updated kitchen features granite countertops, stainless steel appliances, and abundant cabinetry, while the windowed bathroom is finished with timeless subway tile. Residents enjoy an expansive common patio set within beautifully landscaped grounds and a sprawling lawn—an ideal setting for relaxing, entertaining, or enjoying the outdoors. Additional amenities include bike storage, storage, and common laundry in the basement. A rare opportunity to own a bright, graciously scaled home in one of Cambridge's most sought-after neighborhoods.

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$775,000
Annual Taxes$4,631
HOA Fee$545

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms4
Fireplaces1
FlooringWood
BasementN

Climate & Utilities

HeatingCentral
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
RoofRubber
Foundation--
ZoningR1

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Listing Provided By

Listing Agent: Marcia Garvey

Listing Office: Donnelly + Co.

MLS® Number: 73555710