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    35 Mellen St Cambridge, MA 02138

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    For Sale
    $5,500,000

    Multifamily redevelopment opportunity near Harvard and Porter Squares.

    Lot size:
    0.17 Acres

    Property Features for 35 Mellen St

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1890

    Source: Cushman & Wakefield Agent Christopher Sower

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cambridge Multifamily Redevelopment Opportunity

    Located between Harvard Square and Porter Square in Cambridge, Massachusetts, 35 Mellen Street is an institutionally owned and maintained building. The property, currently configured as a dormitory, presents a value-add opportunity through redevelopment into multifamily residential or condominium conversions. There is also potential for new, ground-up residential construction. The property benefits from its location in the Baldwin neighborhood of Cambridge, with multiple universities having a significant presence in the area, including academic and student housing facilities for both Harvard University and Lesley University. The property is part of the Mellen Street Collection, a portfolio of four buildings located on Mellen Street.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.116911
    Latitude
    42.3808408

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    FAQs

    What type of property is this?
    Apartment building - Multifamily redevelopment opportunity near Harvard and Porter Squares.
    Where is this apartment building located?
    The property is located at 35 Mellen St Cambridge, MA.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Prime location between Harvard and Porter Squares in Cambridge.; - Value-add opportunity through redevelopment to multifamily residential or condominium conversions.; - Potential for new, ground-up residential construction.
    (617) 816-5257
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    35 Mellen St Cambridge, MA 02138
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