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247 Chestnut St, Cambridge MA 02139

$1,600,000

Estimated $3,320/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $800,000

Total Rent: 34200/year

Estimated CAP Rate:

3 Bedrooms

Baths

2064

Total Parking: 1

1,959 (0.04)

A unique opportunity to own a desirable two-unit residence in the heart of Cambridgeport, with strong potential for development, flexible floor plans, expansive basement, rooftop deck, private outdoor spaces, off-street parking, and an exceptional location close to the Charles River, Whole Foods, Trader Joe’s, Mass Audubon’s Magazine Beach Nature Center, and prestigious universities. Unit 1 showcases 9’ ceilings with a comfortable and functional layout filled with period detail. The living room and bedroom both have bay windows and hardwood floors. Living room features floor-to-ceiling custom built-ins and a French door. Generously sized bright bedroom features a marble-surround fireplace and ceiling medallion. A good-sized eat-in kitchen with a gas stove and tile flooring, along with a full bathroom, complete the interior. Unit 2, on the 2nd and 3rd floors, offers spacious, airy two-level living with a flexible floor plan, two bedrooms, two full bathrooms, hardwood floors, dedicated home office, and expansive roof deck. The second floor features a welcoming living room, sunny family room, eat-in kitchen with generous cabinets and gas stove, bedroom with large closet, full bathroom, and home office – an ideal setup for a work-from-home lifestyle. The third floor is a private primary bedroom suite, complete with full bathroom and direct access to the private outdoor roof deck. This exceptional deck with views of trees and urban landscape is a unique, much-coveted extension of the home, ideal for relaxing or entertaining. Roof deck offers potential to expand the 3rd floor living space. Property amenities include water filtration system, separate gas heat and hot water systems, laundry, patio and yard space, one deeded off-street parking space. Resident permit parking is also available on the street. The large basement has high ceilings and offers huge development potential. Ideally situated on one of Cambridgeport’s beautiful tree-lined streets, the property is less than ¼ mile from the Charles River, Whole Foods Market, and Trader Joe’s. Minutes to Mass Audubon’s Magazine Beach Nature Center, vibrant restaurants, cafés, parks, and neighborhood amenities. Convenient access to Central and Harvard Square, MIT, Harvard, BU, public transportation, and major commuter routes. A distinctive Cambridgeport property with potential for development, combining two residences, flexible living space, valuable private outdoor areas, parking, and an outstanding location.

This home has been viewed 2 times

Last Checked: October 22nd, 2026 at 7:48pm (Source: MLS PIN #73593969)

Gross Income: $34,200

Gross Expenses: $13,245

Net Income Calc: $20,955

Water Views

Annual Expenses for 247 Chestnut St, Cambridge MA 02139

Total Gross Expenses (Calculated)$13,245/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8702

Annual Income & Unit Breakdown for 247 Chestnut St, Cambridge MA 02139

Total Gross Income (Calculated)$34,200

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 247 Chestnut St, Cambridge MA 02139

Listing ID73593969

Property TypeMulti Family / 2 Family

Price1600000 ($775.19/SqFt)

Style2 Family - 2 Units Up/down

CityCambridge

CountyMiddlesex

MLS AreaCambridgeport

Neighborhood(s)

Approximate Living Area Total2064

Approximate Lot Size (Acres)0.04

Total Parking1

Garage Parking0

Year Built1886

Year Built SourcePublic Records

Year Built DetailsActual,Renovated Since

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningC

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 247 Chestnut St, Cambridge MA 02139

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

ExclusionsSurveillance Devices

Financial Data SourceEstimated

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 247 Chestnut St, Cambridge MA 02139

Real Estate Taxes8702

Tax Year2026

Assessed Value$1,304,600

Financial Data SourceEstimated

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 247 Chestnut St, Cambridge MA 02139

Neighborhood(s)

MLS AreaCambridgeport

Area AmenitiesWalk/jog Trails

Contact Information for 247 Chestnut St, Cambridge MA 02139

Agent

Name: Anne M Kennedy

Office

Name: Coldwell Banker Realty - Newton

Phone: 617-969-2447

Payment Calculator

, Interest

Property Taxes 725.17

Principal & Interest 9858.69

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Newton

Anne M Kennedy

Agent Phone

Office Phone

(617) 969-2447

Text Agent Call Agent Call Office

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EXIT

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