INNOVATE Real Estate
Stock Cooperative at 983 Memorial Drive # 502, Cambridge MA 02138, Cambridge
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33 photos

$1,249,000

983 Memorial Drive # 502, Cambridge MA 02138
Cambridge, MA 02138
Listed by Jim & Mike Savas Team
Bedrooms
3
Bathrooms
2
Living area
1,535 sqft
Year built
1916

About this home

Experience classic Cambridge living in this beautifully maintained 7-room, 3-bedroom, 2-bath co-op perfectly situated in the heart of Harvard Square, across from the scenic Charles River recreation area. This spacious residence blends timeless elegance with modern comfort, featuring a fireplace, gleaming hardwood floors, rich millwork, abundant natural light. Generous living & dining spaces w/ Charles River Views from the bay windows is a perfect setting for entertaining or relaxing. This well-managed, owner-occupied pre-war building offers convenience w/ an elevator, live-in superintendent, beautifully maintained common garden,patio & private storage. Ideally located just moments from Harvard University,Red Line, cafés, shops, top dining, nightlife, and riverfront walking paths. 92 Walk Score Rental parking options nearby at University Place or Charles Square Garage. A rare opportunity to own a piece of Harvard Square's historic charm in one of Cambridge’s most sought-after locations.

Highlights

Fireplace

Property details

MLS #
73512929
Property type
Stock Cooperative
Subdivision
N/A
Status
Active
Days on market
156
On market date
May 5, 2026
Stories
1
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Graham and Parks
0.72 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
347
Student:teacher ratio
10.5:1
District
Cambridge
Middle
Putnam Avenue Upper School
0.74 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
262
Student:teacher ratio
7.5:1
District
Cambridge
High
Cambridge Rindge and Latin
0.68 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,867
Student:teacher ratio
8.6:1
District
Cambridge

Walkability

Blended score for Cambridge's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

97
Highly walkable
out of 100
EPA National Walkability Index
19.0 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores16
Parks20
Schools20
Transit stops20
Pharmacies11

Market position

How this listing compares to current activity in Cambridge, from live MLS data.

On the market 156 days -- 65 more days than Cambridge's current average of 91 days.
For reference, the median list price across 1,013 active listings in Cambridge right now is $7,950.

Mortgage calculator

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Est. monthly payment
$7,672/mo
$249,800 down
$999,200 loan
Principal & interest$6,481
Property tax (est.)$1,041
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated May 9, 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.