PRICE IMPROVEMENT!! A RARE VALUE-ADD INVESTMENT / EQUITY-BUILDING OPPORTUNITY IN PRIME CAMBRIDGE. This east-facing 2-bedroom, 2-bath unit in the highly desirable Cyrus Fellows condo flooded with natural morning light and fifth floor elevated privacy. This property presents a rare opportunity for investors, contractors, or end-users to secure immediate upside and build equity in one of the most desired neighborhoods in Central Square, Cambridge.PROPERTY HIGHLIGHTS:Spacious Open-Concept Layout: The apartment features rich hardwood floors, a cozy wood fireplace, large windows, a private balcony with city views.Functional 2BD/2BA Floor Plan: The primary suite has an en-suite full bath, and ample closet space. The second bedroom offers a walk-in closet—an ideal layout for maximum rental return, roommates, or a home-office configuration.Essential Modern Conveniences: In-unit washer and dryer, forced-air heating, individually controlled in-wall heating and cooling units, elevator access, and a private storage locker.Deeded Garage Parking: Includes a coveted deeded garage parking space in a high-density neighborhood where parking commands a premium.Professionally managed, pet-friendly condominium association.Rentals permitted—capitalize on strong, continuous tenant demand driven by surrounding academic and biotechnology hubs. Offered firmly as is. UNBEATABLE RIVERSIDE LOCATION:Nestled between Harvard University and MIT, very close to Central Square, the MBTA Red Line, the Charles River, and an array of world-class dining, cafes, and parks. Exceptional Walk and Bike scores make this a prime location for urban professionals and students alike.Bring your design ideas and tap into instant equity in the heart of Cambridge!
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Last Checked: September 26th, 2026 at 8:38am (Source: MLS PIN #73547607)
Garage Parking
Air Conditioning
Lead Paint Free
General Information for 332 Franklin St Unit 501 # 501, Cambridge MA 02139
Listing ID73547607
Property TypeCondominium
Price815000 ($752.54/SqFt)
Building Style2/3 Family
CityCambridge
CountyMiddlesex
Neighborhood(s)
Total Parking3 (1 Garage)
Unit Level5
Levels in Unit1
Year Built1999
Year Built SourcePublic Records
Year Built DetailsActual
Building Construction StatusReady for Occupancy
ZoningC-1
Unit Features for 332 Franklin St Unit 501 # 501, Cambridge MA 02139
Approximate Living Area Total1083
Living Area Includes BasementNo
Rooms4
Bedrooms2
Primary En Suite BathroomYes
BasementFull
Cooling1, Split
LaundryArchway
Fireplaces
Outdoor SpaceNo
FlooringTile
Electric
AppliancesRange
Condo Association Features for 332 Franklin St Unit 501 # 501, Cambridge MA 02139
Complex NameCyrus Fellows Crossing
Pet PolicyNot Allowed
Building ManagementDeveloper Advisory Board
Building Construction StatusReady for Occupancy
Number of Units28
Year Built1999
Year Built DetailsActual
Year Built SourcePublic Records
WaterPublic
SewerPublic Sewer
Parking Features1
Building AmenitiesBeach Rights
Disclosures for 332 Franklin St Unit 501 # 501, Cambridge MA 02139
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Special Listing Conditions
ExclusionsAll Tenant Possessions
Compensation Based On
Documents Available
Financial Information for 332 Franklin St Unit 501 # 501, Cambridge MA 02139
Association Fee
Optional Fee0
Association Fee IncludesLandscaping
Optional Fee Includes
Association Fee FrequencyMonthly
Assessed Value$880,600
Real Estate Tax5873.6
Tax Year2026
Location Information for 332 Franklin St Unit 501 # 501, Cambridge MA 02139
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 332 Franklin St Unit 501 # 501, Cambridge MA 02139