22 Madison Ave
$2,800,000
9
Beds
6
Baths
3,957
Sqft
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$2,800,000
9
Beds
6
Baths
3,957
Living Area
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Property Description
Rare investment opportunity at this masterfully gut-renovated (2023) three-family building situated on a quiet one-way street in North Cambridge. This turnkey property features three spacious, identical 3-bed, 2-bath apartments boasting high ceilings, new windows, and elegant flooring throughout. Each designer unit is equipped with premium stainless steel appliances, quartz countertops, and dedicated high-efficiency systems including central AC, high efficiency gas furnaces, and on-demand tankless hot water. Investors will benefit from units being separately metered for all utilities and a heavy-duty fire sprinkler system with a dedicated storage tank. Beyond the massive basement storage, the property benefits from the potential of adding an additional floor or an ADU as permitted by Cambridge's new zoning regulation. It also has a 92 Bike Score, in this prime location just 0.5 miles to Alewife Station. Additionally it's a prime candidate for condo conversion.
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Highlights
- Cooling: Central Air
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1923
- Heating: Central, Natural Gas
- Parking Spots: 3
- Property Type: 3 Family - 3 Units Up/Down
- Total Rooms: 15
- Status: Active
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Additional Details
- Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Oven, Rangetop - ENERGY STAR
- Construction: Frame
- Foundation: Block
- Lot Features: Level
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: B
- Basement: Full, Unfinished
- Exterior Features: Balcony
- Interior Features: Living Room, Kitchen, Laundry Room
- Roof: Rubber
- Total Number of Units: 3
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Park, Walk/Jog Trails, Bike Path, Conservation Area, Highway Access, Public School, T-Station, University
- Parking Features: Off Street, Assigned, Driveway
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $2,730,000
- Taxes: $18,735
- Tax Year: 2026
- Total Rent: $13,807
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Listing information provided courtesy of eXp Realty LLC - Corporate Office.
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