An established tenant, a popular event space, and extensive recent improvements make this four-unit commercial building a compelling opportunity in downtown Cambridge. The north unit has been home to the same tenant for more than 20 years, while the owner-occupied south unit offers the possibility of continued rental income, with the current owners willing to lease back their space if desired by new ownership. Created in 2022, The Party Room accommodates up to 50 guests and hosts private parties, groom's dinners, business meetings, and other gatherings. The unfinished lower level provides additional storage and potential for future leasable space, subject to applicable approvals. Built in 1984, the building has received substantial updates, including a new roof and gutters in 2024; furnace, central air conditioning, and interior paint in 2025; exterior paint, carpet, entry door, and asphalt in 2022; and concrete improvements in 2021. With multiple income opportunities and a fabulous location in the growing City of Cambridge, this property deserves a closer look from investors and owner-occupants alike. Explore the building's layout and spaces through the available Matterport 3D virtual walkthrough tour and schedule your private viewing today. Financials, lease details and event space reservation information may be made available to qualified buyers upon full execution of a nondisclosure agreement (NDA).