533 Cambridge Street Condominium
Income Restricted condo resale. 1HH Maximum income $115,800. 2HH Maximum income $132,400. Priced well below market prices!
This large, one-bedroom condo offers a perfect blend of style and functionality. The modern kitchen features granite countertops, stainless steel appliances, and a convenient breakfast bar that opens to the bright and airy living room. Floor-to-ceiling windows flood the space with natural light and provide plenty of room for a dining area.
The primary bedroom includes a generous walk-in closet, and a closet for a washer and dryer is conveniently located just outside the bedroom. This home also comes with a storage locker and an assigned outdoor parking space—a rare find for an income restricted condo!
Step outside and enjoy the cafés, restaurants, and shops, all just moments away. Convenient access to public transit makes it easy to reach Harvard University, Boston University, Kendall Square and downtown Boston. The Boston Landing Commuter Rail Station is a short walk that takes you to Fenway Park, Back Bay, and South Station in minutes.
FEATURES
1 assigned parking space
Separate storage
Floor to ceiling glass windows
Generous walk in closet
NEIGHBORHOOD
Step outside and enjoy the cafés, restaurants, and shops, all just moments away. Convenient access to public transit makes it easy to reach Harvard University, Boston University, Kendall Square and downtown Boston. The Boston Landing Commuter Rail Station is a short walk that takes you to Fenway Park, Back Bay, and South Station in minutes.
JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY
Number of Bedrooms: 1
Purchase Price: $532,682
Condominium Fee: $270 / mo
Maximum Income Limit:
1 Household: $115,800
2 Household: $132,400
Maximum Asset Limit: $100,000
There will be no open houses. There will only be private showings. Please complete the form below if you would like to schedule a showing.
Boston Inclusionary Housing Income Limits for 2025
| Household Size | 70% AMI | 80% AMI | 90% AMI | 100% AMI | 110% AMI | 120% AMI | 150% AMI |
|---|---|---|---|---|---|---|---|
| 1 Person | $81,060 | $92,640 | $104,220 | $115,800 | $127,380 | $138,960 | $173,700 |
| 2 Person | $92,680 | $105,920 | $119,160 | $132,400 | $145,640 | $158,880 | $198,600 |
| 3 Person | $104,230 | $119,120 | $134,010 | $148,900 | $163,790 | $178,680 | $223,350 |
| 4 Person | $115,780 | $132,320 | $148,860 | $165,400 | $181,940 | $198,480 | $248,100 |
| 5 Person | $125,090 | $142,960 | $160,830 | $178,700 | $196,570 | $214,440 | $268,050 |
| 6 Person | $134,330 | $153,520 | $172,710 | $191,900 | $211,090 | $230,280 | $287,850 |
NEXT STEPS
FAQ / FREQUENTLY ASKED QUESTIONS
Income Questions:
How is my income calculated?
The household income is calculated based on the gross income of the household. Commissions, bonuses and other regular payments are included and considered part of the gross annual income.
I didn’t file taxes last year. What do I need to provide?
Individuals or households who did not file taxes must provide a verification of non-filing from the IRS in lieu of a tax return. To obtain the verification of non-filing, applicants should fill out a 4506-T form and file it by mail or hand-deliver it to an IRS office. The IRS will mail back a letter of verification which must be provided with the income materials given to the marketing agent. See the IRS website to download a 4506-T form.
I received a pay raise between the time I picked up an application and the time I was income certified and now I am over the income limit. What do I do?
Income is calculated at the time the applicant submits an application to the lottery agent, not during the application process or at the time of the lottery. Eligibility must be maintained from the time of the application pick up until after income certification verification. Unfortunately, if an applicant’s income is over the income limit, the applicant will not be eligible for the particular unit for which they applied.
I have children in school/college, how does this affect my application?
Income from children in school/college under the age of 18 is not considered towards the income of the household.
Are student loans considered income?
Student loans are not considered income and may not be used to income qualify.
I am separated from my spouse, does this affect my application?
Legally married couples shall both be considered part of the household, even if separated. Applicants with additional questions regarding this policy must speak with the marketing agent/seller.
I would like to appeal a decision regarding income eligibility. How do I appeal? Applicants who are rejected will receive a rejection letter in writing and will be given 7 days for the opportunity to appeal the decision.
Condominium Fee: $270 / mo
Square Feet: 885
Taxes: 2025 Gross Tax $4,821.92 ($418.85 with Residential Exemption)
What is the pet policy? Pets allowed with restrictions
Parking / storage: Deeded parking space / 1 assigned storage locker
HOA fee includes: Water, Sewer, Snow removal, Landscaping, Refuse removal, Weekly common area cleaning, Master Insurance, Management Fee
Washer & Dryer: Not included with sale
What utilities are you responsible for? Electric, Gas
Sale exclusions: Washer/Dryer
If you have questions about this property, please contact us.