
196 Prospect St Cambridge — Photo 1 of 31
$2,205,000
Investment Analysis — 196 Prospect St
Cambridge, MA 02139
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02139 carries an estimated $5,300/mo in gross rent — about a 1.48% cap rate and $32,688/yr in estimated NOI at the $2,205,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
4.5
SqFt
2,556
Style
Single Family
Built
1854
Exceptional single-family ideally located between Harvard and MIT, Central Sq. and Inman Sq., less than a mile from Kendall Sq. Completely renovated and Award Winning designed, this 4-bedroom, 4.5-bath residence offers contemporary luxury living. A welcoming vestibule leads into a comfortable living room, while the stunning chef’s kitchen showcases premium finishes, a large center island perfect for entertaining, a dedicated coffee station w. beverage cooler & a bright breakfast area. The versatile main level also features an open-concept living and formal dining space that can easily serve as a 1st floor bedroom. A conveniently located laundry closet and powder room complete this floor. The 2nd level offers two spacious ensuite bedrooms, each with beautifully appointed bathrooms. Occupying the entire top floor, the private master suite features abundant natural light, skylights, and a charming wall-to-wall window seating area. A full basement provides extensive storage space.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,556 sq ft principal dwelling). Lot size: 2,881 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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.
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Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Medical Facility • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Recessed Lighting
Dining Room
Lvl FirstFlooring - Hardwood, Recessed Lighting
Kitchen
Lvl FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Wet Bar, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove
Master Bedroom
Lvl FirstBathroom - Full, Closet, Flooring - Hardwood, Double Vanity, Recessed Lighting
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom - Full, Closet, Flooring - Hardwood, Recessed Lighting
Bedroom 4
Lvl ThirdBathroom - Full, Skylight, Flooring - Hardwood, Recessed Lighting
Bathroom 1
Lvl FirstBathroom - Full
Bathroom 2
Lvl FirstBathroom - Half
Bathroom 3
Lvl SecondBathroom - Full, Double Vanity
Property History
$2,205,000
Jul 10, 2026
MLS® 73548183
$2,205,000
Jun 30, 2026
MLS® 73495701
$2,205,000
Apr 3, 2026
MLS® 73495701
$2,275,000
Mar 31, 2026
MLS® 73403427
$2,275,000
Jul 11, 2025
MLS® 73403427
$2,399,000
Jun 30, 2025
MLS® 73288874
$2,399,000
Sep 11, 2024
MLS® 73288874
Listing Agent: Nathan Long
Listing Office: Coldwell Banker Realty - Cambridge
MLS® Number: 73548183
