A Rare Development
Opportunity in Cambridge
Located between Inman and Central Square, 114 Elm Street offers immediate cash flow, exceptional zoning potential, and multiple high-value development paths. Explore the existing income, review architectural concept studies, and evaluate what’s possible for you.
Your Next Opportunity
About 114 Elm
A fully leased 3-unit multi-family in a premier Cambridge location, delivering strong cash flow today and significant upside for future redevelopment. The 5,173 sq ft lot sits within the Residential C-1 zoning district, making it suitable for a range of high-end condominium or townhouse projects depending on your preferred strategy and permitting approach.
Property Details
• 3-Unit Multi-Family
• 12 bedrooms
• 6 bathrooms
• Living area: 3,795 sq ft (above grade)
• Lot size: 5,173 sq ft
• Parking: 2 off-street spaces and 2 garage spaces
• Total monthly rent: $13,800
• Leases: All leases end 8/21/2026
• Flexibility: Seller flexible on closing date
• Interior photos available upon request
Current Units
Total monthly rent comes in at $13,800.
Unit 1
Unit 1 is a 4 bed 2 bath rented for $4,600.
Unit 2
Unit 2 is a 4 bed 2 bath rented for $4,500.
Unit 3
Unit 3 is a 4 bed 2 bath rented for $4,700.
Development Options
A
4-Unit Luxury Townhouse Development
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Zoning: Residential C-1 (compliant)
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Total building area: ± 10,135 SF
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Unit layout:
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Unit 1 | 4 bed 3.5 bath ≈ 2,142 SF
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Unit 2 | 4 bed 3 bath ≈ 2,040 SF
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Unit 3 | 5 bed 5.5 bath ≈ 2,981 SF
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Unit 4 | 5 bed 5 bath ≈ 2,872 SF
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Parking: 4 spaces
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1 per unit; Unit 4 with garage)
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Notes: All units below 10,000 SF inclusionary and 12,000 SF Passive House thresholds.
