OFF MARKET

Off market sep 2016 for $1.5M

$3,953,985

Est. refi paymentEst. refi $515/mo

•

3,054

sq ft

54-56 Reed, Cambridge, MA 02140

About this home

Builders and developers please take notice. 3 Family home located in a quiet residentilal neighborhood and encompassing a 11,500+ sq. ft. lot. Current Zoning is Residential B. Property is being sold "as is" and is in need of a full renovation. Buyer to perform any/all due dillegence. Current home features 4 units with tenants on a month to month basis. Group showings from 11:00 a.m. - 12:30 p.m. October 23, 24, & 25. NO SHOWINGS OUTSIDE OF THESE HOURS. Offers are to be reviewed on Monday October 26th at 5 p.m.

Multi-familyProperty Type

1875Year Built

0.26 acresLot Size

$1,295Est. Price/Sq.Ft.

2 spacesParking

Listed by Lance Greene • Griffin Properties, Inc.

Bought with Lance Greene • Griffin Properties, Inc.

Redfin checked: 3 minutes ago

•Source:MLS PIN #71922401

Redfin Estimate

$3,953,985

$2.4M since sold in September 2016$88K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 28.2% higher than the average sale price ($3.08M) of 6 comparable homes.

SOLD JUL 29, 2026
$4,050,000
A
5 beds3.5 baths3,432 sq ft
10 Traill St, Cambridge, MA 02138
SOLD JUL 17, 2026
$2,100,000
B
6 beds4 baths3,514 sq ft
172 Summer St, Somerville, MA 02143
SOLD SEP 24, 2026
$3,600,000
C
6 beds4.5 baths4,891 sq ft
12 Martin St, Cambridge, MA 02138
SOLD JUL 31, 2026
$2,200,100
D
5 beds2.5 baths2,873 sq ft
9 Orchard St, Cambridge, MA 02140
SOLD SEP 4, 2026
$2,250,000
E
6 beds3 baths3,233 sq ft
4 Hurlbut St, Cambridge, MA 02138
SOLD JUL 23, 2026
$4,300,000
F
6 beds3.5 baths3,282 sq ft
19 Gray Gardens East, Cambridge, MA 02138

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Sell

$2,812,026

Est. take-home

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Est. cash available

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Market trends in 02140, MA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

102.3%

1.5% MoM

Median sale price

$1.2M

$95K MoM

Avg. days on market

25d

5 days MoM

Recently sold homes

12 MoM

New listings for sale

COMING SOON
$759,900
1 bed1 bath682 sq ft
2161 Massachusettes Ave #202, Cambridge, MA 02140
OPEN TODAY, 12:30PM TO 2PM
$825,000
2 beds1 bath1,162 sq ft
122-126 Harvey St #3, Cambridge, MA 02140
See all

Provided by Redfin

Sale history for 54-56 Reed

Year

Property tax

Land + Additions

Assessment*

2025

$32,302 (+7.8%)

$1,168,100 + $3,918,800

$5,086,900

2024

$29,952 (+8.7%)

$1,216,800 + $3,842,700

$5,059,500

2023

$27,565 (+7.0%)

$1,402,700 + $3,301,200

$4,703,900

2022

$25,753 (+7.4%)

$1,339,000 + $3,011,200

$4,350,200

2021

$23,987 (+7.4%)

$1,341,000 + $2,759,300

$4,100,300

2020

$22,331 (+16.3%)

$1,323,200 + $2,560,500

$3,883,700

2019

$19,196 (+160.0%)

$1,259,900 + $1,971,700

$3,231,600

2018

$7,383 (+7.8%)

$1,173,700

2017

$6,847 (+3.9%)

$556,100 + $498,900

$1,055,000

2016

$6,587 (+2.1%)

$481,900 + $460,400

$942,300

2015

$6,451 (+4.2%)

$423,700 + $401,200

$824,900

2014

$6,189 (+1.9%)

$370,700 + $367,900

$738,600

2013

$6,071 (+8.7%)

$341,600 + $359,400

$701,000

2012

$5,586 (+3.9%)

$299,300 + $359,400

$658,700

2011

$5,375

$299,300 + $359,400

$658,700

2010

$5,375 (+5.0%)

$299,300 + $359,400

$658,700

2009

$5,117

$311,800 + $365,100

$676,900

Tax history for 54-56 Reed

Year

Property tax

Land + Additions

Assessment*

2025

$32,302 (+7.8%)

$1,168,100 + $3,918,800

$5,086,900

2024

$29,952 (+8.7%)

$1,216,800 + $3,842,700

$5,059,500

2023

$27,565 (+7.0%)

$1,402,700 + $3,301,200

$4,703,900

2022

$25,753 (+7.4%)

$1,339,000 + $3,011,200

$4,350,200

2021

$23,987 (+7.4%)

$1,341,000 + $2,759,300

$4,100,300

2020

$22,331 (+16.3%)

$1,323,200 + $2,560,500

$3,883,700

2019

$19,196 (+160.0%)

$1,259,900 + $1,971,700

$3,231,600

2018

$7,383 (+7.8%)

$1,173,700

2017

$6,847 (+3.9%)

$556,100 + $498,900

$1,055,000

2016

$6,587 (+2.1%)

$481,900 + $460,400

$942,300

2015

$6,451 (+4.2%)

$423,700 + $401,200

$824,900

2014

$6,189 (+1.9%)

$370,700 + $367,900

$738,600

2013

$6,071 (+8.7%)

$341,600 + $359,400

$701,000

2012

$5,586 (+3.9%)

$299,300 + $359,400

$658,700

2011

$5,375

$299,300 + $359,400

$658,700

2010

$5,375 (+5.0%)

$299,300 + $359,400

$658,700

2009

$5,117

$311,800 + $365,100

$676,900

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

0.26 Acres

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Other

County

Middlesex County

APN

1744607S

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 11, 2026.

Property details

Parking

Parking Information
Parking Spaces: 2
Parking Features: Off Street

Interior

Bathroom Information
# of Bathrooms (Full): 4
# of Bathrooms (Half): 1

Basement Information
Basement: Full

Interior Features
# of Rooms (Total): 14

Exterior

Building Information
Building Area (Total): 3,054
Foundation Details: Stone, Brick/Mortar
Construction Materials: Frame
Stories (Total): 2
Year Built Source: Public Records
Year Built Details: Actual

Property Information
PropertySubType: 3 Family - 3 Units Up/Down

Lot Information
Lot Size (Acres): 0.26
Lot Features: Level
Road Frontage Type: Public

Financial

Tax Information
Tax Annual Amount: $6,450.72
Tax Year: 2015

Utilities

Utility Information
Sewer: Public Sewer
Water Source: Public

Location

Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N

Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: N

Location Information
Directions: Harvey Street to Ree Street
UnparsedAddress: 54-56 Reed, Cambridge MA 02140

Community Information
Senior CommunityYN: No

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.26 acres
Style: Other
Year Built: —
Year Renovated: —
County: Middlesex County
APN: 1744607S

Home facts updated by county records on Sep 11, 2026

Other

Listing Information
StandardStatus: Closed

Around this home

Schools

Peabody School

Public PreK-5 • Assigned • 0.3mi

7/10

Rindge Avenue Upper School

Public 6-8 • Assigned • 0.3mi

8/10

Cambridge Rindge and Latin School

Public 9-12 • Assigned • 1.8mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

Despite new zoning laws encouraging housing production, Cambridge remains a Seller's market driven by pent-up demand and a constant influx of buyers. Because it is a historic, built-out city, there is little new housing to replace existing...
4 weeks ago • Cambridge
Benjamin Ginsburg
Redfin Premier agent
155 deals
Was this helpful?
The Cambridge market is quite resilient. New zoning regulations now allow MF homes on traditional SF lots, as the City aims to boost housing supply & improve affordability. The high demand is consistently driven by the area's world-class healthcare,...
1 month ago • Cambridge
Kyle MacNichol
Redfin Premier agent
59 deals
Was this helpful?

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 96° expected this year, 15 days in 30 years

6/10 Wind Factor

58% chance of strong winds in next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Cambridge, MA • 02140

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Estimated sale price

$3.76M – $4.55M

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New listings for sale in 02140

COMING SOON

$759,900

1 bed1 bath682 sq ft

2161 Massachusettes Ave #202, Cambridge, MA 02140

OPEN TODAY, 12:30PM TO 2PM

$825,000

2 beds1 bath1,162 sq ft

122-126 Harvey St #3, Cambridge, MA 02140

Home values near 54-56 Reed

Data from public records.

Address	Redfin Estimate
51 Reed Street #49, Cambridge, MA 2 Beds \| 1.5 Baths \| 1130 Sq. Ft.	$980,948
62 Reed Street, Cambridge, MA 6 Beds \| 3.5 Baths \| 3336 Sq. Ft.	$2,475,509

Address	Redfin Estimate
51 Reed Street #51, Cambridge, MA 3 Beds \| 2.5 Baths \| 1527 Sq. Ft.	$1,328,986
46 Reed Street, Cambridge, MA 4 Beds \| 2 Baths \| 2397 Sq. Ft.	$1,620,673

Address	Redfin Estimate
59 Reed Street, Cambridge, MA 3 Beds \| 1 Baths \| 1300 Sq. Ft.	$1,312,661
42 Reed Street, Cambridge, MA 5 Beds \| 3.5 Baths \| 2322 Sq. Ft.	$1,786,484

Property information provided by MLS PIN when last listed in 2015. This data may not match . Learn more.

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