As-of-right development opportunity in East Cambridge under the City’s new zoning. Ideally located near Kendall Square, MIT, and major life science and technology employers, this site offers a streamlined path to redevelopment in a highly sought-after, transit-oriented neighborhood. The property presents the opportunity to construct an elevator building, enhancing accessibility and long-term value. Buyers may also assume the current owner’s position in the permitting process, potentially expediting approvals and accelerating the project timeline. Enjoy proximity to cafés, restaurants, retail, parks, and everyday amenities, along with excellent access to MBTA bus routes, the Red and Green Lines, and major roadways. Surrounded by strong residential demand and ongoing investment, this site offers exceptional redevelopment potential with clear zoning. Seller to deliver stamped plans; buyer responsible for permitting and associated costs.
This home has been viewed 58 times
Last Checked: May 29th, 2026 at 4:29am (Source: MLS PIN #73468843)
Gross Income: $0
Gross Expenses: $11,049
Net Income Calc: $11,049
Annual Expenses for 47-53R 8th St, Cambridge MA 02141
Total Gross Expenses (Calculated)$11,049/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax11049
Annual Income & Unit Breakdown for 47-53R 8th St, Cambridge MA 02141
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms2 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms2
Bathrooms2 Full
Floor1
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
Lease
Bathrooms
Rent Includes
Unit 4
Rental Income$0
Lease
Bathrooms
Rent Includes
General Information for 47-53R 8th St, Cambridge MA 02141
Listing ID73468843
Property TypeMulti Family / 5+ Family
Price2995000 ($332.78/SqFt)
Style5-9 Family
CityCambridge
CountyMiddlesex
Neighborhood(s)
Approximate Living Area Total9000
Approximate Lot Size (Acres)0.11
Total Parking2
Garage Parking0
Year Built2027
Year Built SourceOwner
Year Built DetailsTo Be Built
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features1
Outdoor SpaceCovered
ZoningC1
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 47-53R 8th St, Cambridge MA 02141
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourceOther
ExclusionsNo
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 47-53R 8th St, Cambridge MA 02141
Real Estate Taxes11049
Tax Year2025
Assessed Value$1,740,000
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 47-53R 8th St, Cambridge MA 02141
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 47-53R 8th St, Cambridge MA 02141