76 Orchard, Cambridge, MA 02140

Property Description

It's back!! A rare second chance awaits on Orchard Street. Back on the market due to a buyer's financing falling through, this premier property returns to the market, offering developers and visionary buyers another opportunity to secure a foothold on one of the region’s most prestigious streets—previously recognized by The Boston Globe as one of the "Top Spots to Live" in Greater Boston.Meticulously maintained and perfectly positioned between the vibrant hubs of Davis and Porter Squares, this two-family home sits on a superior 5,100 SF lot. It serves as a sophisticated canvas for a high-end development project with significant profit potential. While the existing structure encompasses 4,366 gross SF, the true value lies in the expansive vision for the site. For the end user, the property offers an elegant primary residence with the option for a private lower-level suite or elevated rental income. For the developer, there is a unique chance to execute a full renovation of the existing structure and potentially construct additional square footage for new luxury residences. With a projected total gross area of approximately 11,000+ SF and a resale value estimated at $1,200 per square foot, the gross resale potential for this project reaches upwards of over $13M.Originally constructed in 1903, the residence currently features 3,441 square feet of refined living space, not including the basement, in excellent condition. The upper-level kitchen is thoughtfully appointed with stainless steel appliances, a functional peninsula, and elegant wainscoting, complemented by a distinctive wood-accent wall and a high-end range. Resilient hardwood flooring runs throughout the bedrooms, contributing to a sense of enduring quality. Outside, a private yard offers an exclusive retreat for relaxation, while the outdoor dining area and welcoming porch provide ideal settings for al fresco enjoyment. This is a rare moment to define luxury living in a prime Cambridge location. To truly appreciate the location, character and exceptional potential of 76 Orchard, a private viewing is highly recommended to view this home and rare expansive yard space in this highly desired Cambridge area nestled between two of Greater Boston's outstanding squares.