Sold!
$1,475,000
5
Beds
2
Baths
2,644
Living Area
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Property Description
A rare North Cambridge offering combining strong in-place income with verified redevelopment potential. This fully leased two-family (both tenants through 7/31/26) produces a solid 4.22% CAP rate, making it a reliable investment from day one. Even more compelling, a formal zoning analysis by Context Workshop Architects confirms the ability to demolish the existing structure and construct up to nine (9) residential units with roughly 10,000 sq ft of gross living area under current C-1 zoning. With only 5' front and side setbacks required and no parking minimums under Cambridge’s new multifamily zoning, this site offers a clear by-right path for a boutique development project. Located minutes to Alewife Station, the Minuteman Bike Path, and steps from the transformative 46-acre Cambridge Point redevelopment, this property sits in one of the most rapidly evolving and highly connected neighborhoods in the city. A perfect opportunity for developers or investors seeking long-term upside.
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Highlights
- Area: North Cambridge
- Parking Spots: 7
- Property Type: 2 Family - 2 Units Up/Down
- Total Rooms: 17
- Status: Closed
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1950
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Additional Details
- Basement: Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
- Exterior Features: Rain Gutters, Garden
- Foundation: Concrete Perimeter
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Renovated Since
- Zoning: C-1
- Construction: Frame
- Flooring: Wood, Tile
- Lot Features: Flood Plain, Level
- Roof: Shingle
- Total Number of Units: 2
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
- Parking Features: Off Street, Tandem, Paved
- Covered Parking Spaces: 2
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Utilities
- Electric: Circuit Breakers, 100 Amp Service, 150 Amp Service, Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,134,400
- Taxes: $7,666
- Tax Year: 2025
- Total Rent: $6,900
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of JR Associates.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
