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Pending

35 Mellen Street, Cambridge MA 02138

$5,500,000

Estimated $8,918.97/month Calculator

Multi Family

Total Units: 9

Price Per Unit: $611,111.11

Total Rent: 239976/year

Estimated CAP Rate: 4.36%

9 Bedrooms

9 Full, 9 Half Baths

8,576 SqFt

Total Parking: 0

7,569 SqFt

Presenting the opportunity to acquire 35 Mellen Street, an institutionally owned and maintained building located between Harvard Square and Porter Square in Cambridge, Massachusetts. Currently configured as a dormitory, the building offers immense value-add through redevelopment to multifamily residential or condominium conversions as well as the potential for new, ground-up residential construction, among other value-add potential and strategies. Situated between Harvard and Porter Squares, 35 Mellen St greatly benefits from its prime location in the Baldwin neighborhood of Cambridge. Multiple Universities have a significant presence in the area, which include academic and student housing facilities for both Harvard University and Lesley University. The property is part of the Mellen Street Collection, a portfolio of four buildings located on Mellen Street. Investors are invited to bid on the portfolio, sub-portfolios or individual buildings.

This home has been viewed 57 times

Last Checked: September 5th, 2025 at 2:13am (Source: MLS PIN #73395131)

Gross Income: $239,976

Gross Expenses: $9

Net Income Calc: $239,967

CAP Rate: 4.36%

Annual Expenses for 35 Mellen Street, Cambridge MA 02138

Total Gross Expenses (Calculated)$9/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$9

Annual Income & Unit Breakdown for 35 Mellen Street, Cambridge MA 02138

Total Gross Income (Calculated)$239,976

Unit 1

Rental Income$9,999

LeaseN

Bedrooms9

Bathrooms9 Full, 9 Half

Floor9

Levels in Unit9

HeatingNo

Rent Includes

Unit 2

Rental Income$9,999

LeaseN

Bedrooms9

Bathrooms9 Full, 9 Half

Floor9

Levels in Unit9

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 35 Mellen Street, Cambridge MA 02138

Listing ID73395131

Property TypeMulti Family / 5+ Family

Price$5,500,000 ($641.32/SqFt)

Style5-9 Family

CityCambridge

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total8,576 SqFt

Approximate Lot Size (Acres)0.17 acres

Total Parking0

Garage Parking

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesOther

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

Zoning9

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 35 Mellen Street, Cambridge MA 02138

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$9,999

Total Net Income By Broker$9,999

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 35 Mellen Street, Cambridge MA 02138

Real Estate Taxes$9

Tax Year2025

Assessed Value$9

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$9,999

BostonRealEstate.com Gross Income

Total Net Income By Broker$9,999

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.36%

Location Information for 35 Mellen Street, Cambridge MA 02138

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 35 Mellen Street, Cambridge MA 02138

Agent

Name: Christopher Sower

Office

Name: Cushman & Wakefield

Phone: 617-204-4134

Payment Calculator

, Interest

Property Taxes 0.75

Principal & Interest 33889.25

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Cushman & Wakefield

Christopher Sower

Agent Phone

Office Phone

(617) 204-4134

Text Agent Call Agent Call Office

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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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EXIT

Pending

35 Mellen Street, Cambridge MA 02138

$5,500,000

Annual Expenses for 35 Mellen Street, Cambridge MA 02138

Annual Income & Unit Breakdown for 35 Mellen Street, Cambridge MA 02138

General Information for 35 Mellen Street, Cambridge MA 02138

Disclosures for 35 Mellen Street, Cambridge MA 02138

Financial Information for 35 Mellen Street, Cambridge MA 02138

Location Information for 35 Mellen Street, Cambridge MA 02138

Contact Information for 35 Mellen Street, Cambridge MA 02138

Agent

Office

Payment Calculator

Exclusive Listing Agent

Cushman & Wakefield

Christopher Sower