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986 Memorial Drive #204 Cambridge — Photo 1 of 26

986 Memorial Drive #204 Cambridge — Photo 1 of 26

$1,445,000

Investment Analysis — 986 Memorial Drive #204

Cambridge, MA 02138 — Harvard Square

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02138 carries an estimated $4,230/mo in gross rent — about a -0.01% cap rate and $-99/yr in estimated NOI at the $1,445,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,503

Style

Stock Cooperative

Built

1918

Beautifully appointed second-floor residence at Longview, a historic Cambridge cooperative overlooking the Charles River just blocks from Harvard Square. An expansive entry hall introduces unusually generous formal living and dining rooms that provide an inviting setting for gathering and entertaining. The river-facing living room features a fireplace framed by built-in cabinetry, while high ceilings, crown molding, and other carefully preserved period details lend character throughout. Fully renovated in 2024, the kitchen features custom quarter-sawn oak cabinetry, matte black quartz countertops, task lighting, illuminated glass-front cabinets, and all-new Bosch appliances, including an induction range. Crema Lyon limestone flooring with green marble detailing completes the space. One of the two bathrooms was also renovated in 2024, and new Pella Reserve windows were installed throughout the home that year. The primary bedroom enjoys views of the Charles, while the second bedroom overlooks Longview’s peaceful garden. A private parking space is available. Just outside the building, Riverbend Park and JFK Memorial Park offer immediate access to the riverfront and surrounding green space. Longview is known for its strong sense of community, fostered through garden parties and monthly gatherings in residents’ homes. This well-maintained, 100% owner-occupied elevator building offers an exercise room, private storage, a live-in superintendent, and laundry facilities. Monthly fees include heat and real estate taxes.

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.

Property Details

Financials

Original Price$1,445,000
Annual Taxes--
HOA Fee$1778.03

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms5
Fireplaces1
FlooringWood, Tile
BasementY

Climate & Utilities

HeatingSteam, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
RoofRubber
Foundation--
ZoningRES

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Freezer • Plumbed For Ice Maker

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility

Geography

Property History

Listed
$1,445,000

Sep 9, 2026

MLS® 73573766

Sold
$860,000

Apr 26, 2010

MLS® 71028404

Listed
$875,000

Feb 4, 2010

MLS® 71028404

Listing Provided By

Listing Agent: Rob Ramsdell

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73573766