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49-51 Putnam Ave, Cambridge MA 02139

Cambridge, MA 02139 • Harvard Square
$2,995,000
$2,750,000
Est. $15,138/month
9
Beds
6
Baths
3,213
Sq Ft
$856
Price/Sq Ft
0.05
Acres
1903
Year Built
105
Days on Market
Pending Price Drop -$245,000 Listed Mar 2, 2026 • MLS# 73481478 Copied! • Updated Jun 17, 2026

About this home

Rare opportunity to acquire a meticulously maintained three-family residence at 49–51 Putnam Ave in Cambridge. Each thoughtfully updated 3-bedroom, 2-bath unit offers modern finishes, functional layouts, and strong tenant appeal. The building is in outstanding condition, with updated systems, a full basement for storage, and a well-kept exterior. Ideally located just moments from the Charles River, Harvard Square, the Harvard & Central Sq. T stations, and Harvard University, this prime setting ensures exceptional convenience and enduring rental demand. Currently generating excellent rental income, the property delivers immediate cash flow with long-term appreciation potential in one of Cambridge’s most desirable neighborhoods.

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Recently Sold Nearby

Property History

Market Insights

2
Price Changes
8.2%
Price Range

Property Timeline

📋
Status: Active under contract
Jun 3, 2026
Active → Active Under Contract
Pending Sale
Jun 2, 2026
Offer accepted, sale pending
Price Reduced
May 9, 2026
$2,750,000 $145,000 (-5.01%)
From $2,895,000 to $2,750,000 (-5.0%)
Price Reduced
Mar 24, 2026
$2,895,000 $100,000 (-3.34%)
From $2,995,000 to $2,895,000 (-3.3%)
👁️
Showing Instructions Updated
Mar 5, 2026
New showing requirements
🏠
Listed for Sale
Mar 2, 2026
$2,995,000
Original listing
Agent: Max Dublin Team Office: Gibson Sotheby's International Realty

Tax History

Year Taxes Assessment
2025 $12,389 $1,951,000

Financial Details

Annual Property Tax
$12,389
Tax Year 2025
Assessed Value
$1,951,000

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1903
Living Area 3,213 sq ft
Lot Size 0.05 acres
Bedrooms 9
Full Baths 6
Total Rooms 15

Investment Metrics

Units 3
Unit 1 Rent $4,850/mo · Y
Unit 2 Rent $4,800/mo · Y
Unit 3 Rent $4,825/mo · Y
Total Monthly Rent $14,475/mo
Gross Income $173,700
Net Operating Income $152,656
Operating Expenses $21,074
Cap Rate 5.55%
Heating None
Cooling None
Flooring Wood
Appliances None
Fireplace None
Basement Full
Laundry None
Features None
Construction Frame
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features On Street
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $12,389
Assessed Value $1,951,000
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Gross Expenses Include Taxes And An Estimate Of Insurance And Misc Expenses
Possession None
Accepted Financing None
Structure Type []
House Color Blue
Sq Ft Source Public Record
Documents None
County Middlesex
Total market time (incl. prior listings) 107 days

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1903
Bedrooms
9
Full Bathrooms
6
Living Area
3,213 sq ft
Total Rooms
15
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Wood
Appliances:
Interior Features:
Windows: Insulated Windows
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1903
Structure Type:
Exterior Materials: Frame
Roof: Rubber
Foundation: Other
Stories: 3

Heating, Cooling & Utilities

Heating:
Heating Zones: 3
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Other
Road Surface:

Parking & Garage

Parking Features: On Street

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,032
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

Harvard Square

49-51 Putnam Ave, Cambridge MA 02139

Cambridge, MA 02139

Listing Information

Listing Agent Max Dublin Team
Listing Office Gibson Sotheby's International Realty
Office Phone 617-945-9161
Agent MLS ID TM351307
Office MLS ID AN2064
Listing Data Updated Jun 17, 2026 10:59 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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BMN Boston Real Estate

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