Active
64 Days on market
196 Prospect St Cambridge — Photo 1 of 31

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.

View Standard Listing

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.

Open Houses

Property Details

Financials

Original Price$2,205,000
Annual Taxes$15,648

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms8
Fireplaces1
FlooringTile, Hardwood
BasementFull, Unfinished

Climate & Utilities

HeatingCentral, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionStone
RoofShingle
FoundationGranite
ZoningC-1

Property & Lot

Acres0.07
SqFt Lot2,881
Lot FeaturesLevel

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

Third
Bedroom 4
Second
Bedroom 2Bedroom 3Bathroom 3
First
Living RoomDining RoomKitchenMaster BedroomBathroom 1Bathroom 2
Living Room
Lvl First

Flooring - Hardwood, Recessed Lighting

Dining Room
Lvl First

Flooring - Hardwood, Recessed Lighting

Kitchen
Lvl First

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Wet Bar, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove

Master Bedroom
Lvl First

Bathroom - Full, Closet, Flooring - Hardwood, Double Vanity, Recessed Lighting

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Bathroom - Full, Closet, Flooring - Hardwood, Recessed Lighting

Bedroom 4
Lvl Third

Bathroom - Full, Skylight, Flooring - Hardwood, Recessed Lighting

Bathroom 1
Lvl First

Bathroom - Full

Bathroom 2
Lvl First

Bathroom - Half

Bathroom 3
Lvl Second

Bathroom - Full, Double Vanity

Property History

Listed
$2,205,000

Jul 10, 2026

MLS® 73548183

Expired
$2,205,000

Jun 30, 2026

MLS® 73495701

Listed
$2,205,000

Apr 3, 2026

MLS® 73495701

Expired
$2,275,000

Mar 31, 2026

MLS® 73403427

Listed
$2,275,000

Jul 11, 2025

MLS® 73403427

Expired
$2,399,000

Jun 30, 2025

MLS® 73288874

Listed
$2,399,000

Sep 11, 2024

MLS® 73288874

Listing Provided By

Listing Agent: Nathan Long

Listing Office: Coldwell Banker Realty - Cambridge

MLS® Number: 73548183