343 Harvard St Cambridge, MA 02139
Well-maintained 5-unit property near Harvard Square with income potential.
Property Features for 343 Harvard St
General Information
- Standard status
- Active
- Size
- 4,294 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1855
Listing office Coldwell Banker Realty - Boston
Listing date Apr 12, 2026
Source Hometown-team
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Investment Insights
Based on property information with market context.
Key Highlights
- High in‑place income of approximately $13,500/month with significant upside potential.
- Prime location near Harvard Square with unbeatable access to universities, public transportation, and local amenities.
- Four of five leases expire this year, offering opportunity to increase rents to market value.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $190.7k | $44.40 |
| − Vacancy | −$7.6k | −$1.78 |
| EGI | $183.0k | $42.62 |
| − OpEx | −$82.4k | −$19.18 |
| NOI | $100.7k | $23.44 |
