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    31-33 Mellen St Cambridge, MA 02138

    For Sale
    $6,000,000

    Two buildings near Harvard and Porter Squares with redevelopment potential.

    Lot size:
    0.23 Acres

    Property Features for 31-33 Mellen St

    General Information

    Lot size
    0.23 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 and Porter Squares in Cambridge, MA, 31 & 33 Mellen St. presents an opportunity to acquire two institutionally owned and maintained buildings. The properties, currently configured as a dormitory and office, offer value-add potential through redevelopment to multifamily residential or condominium conversions. These buildings benefit from their location in the Baldwin neighborhood of Cambridge, near academic and student housing facilities for both Harvard University and Lesley University. The properties are part of the Mellen Street Collection, a portfolio of four buildings located on Mellen Street. The lot is shared between 31 and 33 Mellen St.
    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
    -71.1173456
    Latitude
    42.3808698

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    FAQs

    What type of property is this?
    Apartment building - Two buildings near Harvard and Porter Squares with redevelopment potential.
    Where is this apartment building located?
    The property is located at 31-33 Mellen St Cambridge, MA.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: - Prime location between Harvard and Porter Squares in Cambridge, MA.; - Value-add potential through redevelopment to multifamily residential or condominium conversions.; - Institutionally owned and maintained buildings.
    (617) 816-5257
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    31-33 Mellen St Cambridge, MA 02138
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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
    31-33 Mellen St Cambridge, MA 02138
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