94-98 Banks Street, Cambridge, MA 02138

$2,880,000 - Harvard Square

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Rare opportunity in the "Golden Triangle" of Harvard Square,beautifully renovated multi-family property located at 96-98 Banks St. This address offers a unique investment opportunity or perfect option for those seeking a versatile living space. Property boasts a total of six bedrooms and three baths, thoughtfully distributed to maximize both privacy and functionality. Currently taxed as three individual condo units.Step outside each unit to discover a private deck, a serene retreat perfect for relaxation or outdoor gatherings, offering a peaceful escape from the hustle and bustle of city life.Convenience is further enhanced with on-site parking w/ an electric charging station, a valuable feature in this sought-after location. Prime location provides easy access to the vibrant amenities and cultural offerings of Cambridge, ensuring a dynamic lifestyle for its residents.Whether you're looking to invest or create your own urban oasis, this multi-family home offers endless possibilities

— MLSPIN #: 73357255

Map of 94-98 Banks Street, Cambridge, MA 02138

94-98 Banks Street, Harvard Square, Cambridge, MA 02138
94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138
94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138
94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138
94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138
94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138 94-98 Banks Street, Harvard Square, Cambridge, MA 02138
List Price:$2,880,000
Status:Active
MLS ID:73357255
Town:Cambridge
Neighborhood:Harvard Square
County:Middlesex
Zip:02138
Property Type:Residential Income
Property Sub Type:3 Family
Bedrooms:6
Full Baths:3
Living Area:2,360 sqft
Acres:0.05
Taxes:15,876
Appliances:Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Cooling:Ductless
Flooring:Wood
Heating:Baseboard, Ductless
Lot Features:Corner Lot
Parking Features:Off Street, Driveway
Status:Active
Water Source:Public
Year Built:1886
Directions:Memorial Dr to Flagg to Banks Street. Mt Auburn to Banks Street if walking.
Foundation Details:Irregular
Listing Contract Date:2025-04-09
Cooling?:Yes
Heating?:Yes
Lot Size Area:0.05
Lot Size Square Feet:2,335
Rooms Total:12
Bathrooms Total Integer:3
Building Area Source:Other
Building Area Total:2,360
Community Features:Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, University
Interior Features:Ceiling Fan(s)
Levels:6
Living Area Units:Square Feet
Lot Size Units:Acres
Number Of Units Total:3
Open Parking?:Yes
Patio And Porch Features:Deck, Covered
Rent Includes:Unit 1(Water), Unit 2(Water), Unit 3(Water)
Road Surface Type:Paved
Sewer:Public Sewer
Zoning:C-1
Stories Total:6
Year Built Source:Public Records
Disclosures:Please see upgrades made to the property attached.
Electric Expense:$660
Farm Land Area Units:Square Feet
Financial Data Source:Estimated, Owner
Gross Income:$139,200
Insurance Expense:$4,278
Listing Agreement:Exclusive Right To Sell
Apod Available:Yes
Color:blue/grey
Comp Based On:Net Sale Price
Cooling Units:6
Mh:Cooling Zones, Cc:Cooling Zones, Mf:Cooling Zones, Sf:Cooling Zones:6
Disclosure:No
Dpr Flag:No
Flrs 1:1
Flrs 2:2
Flrs 3:3
Gre:31,338
Heat Zones:3
Lead Paint:Unknown
Lease 1:Yes
Lease 2:Yes
Lease 3:Yes
Levels 1:1
Levels 2:1
Levels 3:1
Listing Alert:No
List Price Per Sqft:$1,220.34
Mgf:4,596
Mse:3,958
Page:51
Price Per Sqft:$1,220.34
Square Feet Disclosures:Does not include decks or storage units
Square Feet Incl Base:No
Net Operating Income:$107,862
Operating Expense:$31,338
Original List Price:$2,880,000
Parking Total:3
Tax Assessed Value:$2,500,100
Tax Year:2025
Total Actual Rent:$11,600
Water Sewer Expense:$1,790
Year Built Details:Approximate
Bedrms 1:2
Bedrms 2:2
Bedrms 3:2
F Bths 1:1
F Bths 2:1
F Bths 3:1
Hot Water:Natural Gas, Tankless
Rent1:3,300
Rent2:4,200
Rent3:4,100

Disclaimer:

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

MLS Property Information Network, Inc. data last updated on April 16, 2025 01:31 PM

Property Last Updated: April 13, 2025 04:09 AM

Listing Courtesy of: Compass
Listing Agent: Elizabeth Wolf
978-729-9319