
281 Concord Ave Cambridge — Photo 1 of 19
$3,350,000
Investment Analysis — 281 Concord Ave
Cambridge, MA 02138 — Neighborhood 9
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02138 carries an estimated $5,070/mo in gross rent — about a 0.66% cap rate and $22,198/yr in estimated NOI at the $3,350,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
4
SqFt
3,278
Style
Single Family
Built
1926
OPEN HOUSE: SAT 9/19 & SUN 9/20, 11:30 AM–1:00 PM. Located just outside Harvard Square in West Cambridge, this dramatic contemporary residence is defined by exceptional volume, natural light, and seamless indoor-outdoor living. The main living area is entirely at ground level, with zero stairs required, and a primary suite on each level—offering exceptional flexibility for multigenerational living. Soaring ceilings of approximately 14 feet and a long wall of south-facing windows create an extraordinary sense of scale and light. The kitchen, dining, and living spaces flow together and open directly to a private rear garden patio, creating a peaceful, Zen-like setting and a generous indoor-outdoor space for entertaining. Inside, warm natural materials are layered with moody, saturated color. A dramatic glass wall along the staircase and upper hallway, complemented by skylights above, draws light deep into the home and creates a striking transparency between levels. Expansive yet intimate, the home combines dramatic architectural volume, flexible living, and a peaceful connection to the garden. Originally gut-renovated in 2016 and thoughtfully converted to residential use in 2026.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,278 sq ft principal dwelling). Lot size: 4,030 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater
Neighborhood
Public Transportation • Shopping • Park • Bike Path • Conservation Area • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstOffice
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl FirstBathroom 1
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - With Shower Stall
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - With Shower Stall
Property History
$3,350,000
Sep 18, 2026
MLS® 73579563
$3,150,000
Mar 13, 2026
MLS® 73468683
$3,150,000
Mar 13, 2026
MLS® 73468684
$3,150,000
Mar 13, 2026
MLS® 73468685
$3,150,000
Jan 14, 2026
MLS® 73468683
$3,150,000
Jan 14, 2026
MLS® 73468684
$3,150,000
Jan 14, 2026
MLS® 73468685
$3,500,000
Feb 25, 2025
MLS® 73221252
$3,500,000
Apr 8, 2024
MLS® 73221252
Listing Agent: Edmund Wong
Listing Office: New Year Realty
MLS® Number: 73579563
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