$3,995,000
About this home
57 Cedar Street in Cambridge, MA is a three-story building currently contains six (6) 1-Bedroom/1-Bathroom units with 3,939 square feet of gross living area in 5,704 square feet of gross area. The Property is situated upon a 0.21-acre parcel (9,131 square feet) and features twenty (20) off-street parking spaces comprised of ten (10) off street spaces and ten (10) garage stalls. The opportunity exists to take advantage of the new Cambridge zoning laws and develop the current asset into a larger development by adding more units. As shown in conceptual renderings, investors and developers can pursue multiple value-add pathways, including the addition of new residential units at the rear of the existing structure or a potential full site redevelopment into a high-density multifamily asset that maximizes the site’s allowable envelope. It's situated ½ mile to both Porter and Davis Square and less than a mile from Alewife and Alewife Station.
Property details
- MLS #
- 73492979
- Property type
- 5-9 Family
- Subdivision
- N/A
- Status
- Active
- Days on market
- 181
- On market date
- March 27, 2026
- Stories
- 3
- Total bathrooms
- 6
- Garage spaces
- 10
- Parking spaces
- 20
- Lot size
- 0.21 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 329
- Student:teacher ratio
- 15.7:1
- District
- Benjamin Banneker Charter Public (District)
- Enrollment
- 262
- Student:teacher ratio
- 8.2:1
- District
- Cambridge
- Enrollment
- 12
- Student:teacher ratio
- 4.0:1
- District
- Medford
Walkability
Blended score for Cambridge's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Cambridge, from live MLS data.
Mortgage calculator
Estimate only - actual rate and payment depend on your lender, credit, and loan program.
Adjust tax / insurance estimates
Similar homes you might like
Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated April 26, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.