
986 Memorial Drive #204 Cambridge — Photo 1 of 26
$1,445,000
Investment Analysis — 986 Memorial Drive #204
Cambridge, MA 02138 — Harvard Square
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02138 carries an estimated $4,230/mo in gross rent — about a -0.01% cap rate and $-99/yr in estimated NOI at the $1,445,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,503
Style
Stock Cooperative
Built
1918
Beautifully appointed second-floor residence at Longview, a historic Cambridge cooperative overlooking the Charles River just blocks from Harvard Square. An expansive entry hall introduces unusually generous formal living and dining rooms that provide an inviting setting for gathering and entertaining. The river-facing living room features a fireplace framed by built-in cabinetry, while high ceilings, crown molding, and other carefully preserved period details lend character throughout. Fully renovated in 2024, the kitchen features custom quarter-sawn oak cabinetry, matte black quartz countertops, task lighting, illuminated glass-front cabinets, and all-new Bosch appliances, including an induction range. Crema Lyon limestone flooring with green marble detailing completes the space. One of the two bathrooms was also renovated in 2024, and new Pella Reserve windows were installed throughout the home that year. The primary bedroom enjoys views of the Charles, while the second bedroom overlooks Longview’s peaceful garden. A private parking space is available. Just outside the building, Riverbend Park and JFK Memorial Park offer immediate access to the riverfront and surrounding green space. Longview is known for its strong sense of community, fostered through garden parties and monthly gatherings in residents’ homes. This well-maintained, 100% owner-occupied elevator building offers an exercise room, private storage, a live-in superintendent, and laundry facilities. Monthly fees include heat and real estate taxes.
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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Freezer • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Property History
$1,445,000
Sep 9, 2026
MLS® 73573766
$860,000
Apr 26, 2010
MLS® 71028404
$875,000
Feb 4, 2010
MLS® 71028404
Listing Agent: Rob Ramsdell
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73573766
