7 Richard Ave
$2,050,000
9
Beds
3
Baths
4,976
Sqft
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$2,050,000
9
Beds
3
Baths
4,976
Living Area
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Property Description
Rare-to-market BRICK 3-family opportunity in North Cambridge on a nearly 4K lot w/ 3700 sqft of living area, front & back porches & patio, and driveway offers a huge upside to end-users, investors, & developers alike! Impeccably well-maintained, each unit boasts 3 beds/1 bath w/ hardwoods, updated kitchens, & classic front-to-back layouts including adjoining living & dining rooms. Tenants enjoy exclusive-use laundry in the basement, along with ample private storage. Each unit is leased through 8/31/25, generating a combined monthly rent of $8,610 (**under market rents**). Additional highlights include a shared patio, a storage shed, and a paved driveway w/ carport for 3 cars. All this on a tree-lined street near Alewife, Davis Square, Tufts, Mass Ave, and the Minuteman Bikeway. Ideal for investors, 1031 exchanges, or future condo conversion. A solid Cambridge investment in a prime location!
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Highlights
- Area: North Cambridge
- Heating: Hot Water, Steam
- Parking Spots: 3
- Property Type: 3 Family - 3 Units Up/Down
- Total Rooms: 18
- Status: Active
- Cooling: Window Unit(s)
- Levels: 6
- Property Class: Residential Income
- Stories: 6
- Year Built: 1928
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Additional Details
- Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
- Construction: Brick
- Flooring: Hardwood
- Interior Features: Living Room, Dining Room, Kitchen
- Roof: Rubber
- Total Number of Units: 3
- Year Built Source: Public Records
- Basement: Full, Interior Entry, Concrete, Unfinished
- Exterior Features: Balcony
- Foundation: Concrete Perimeter
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Ba-2
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Amenities
- Community Features: Public Transportation, Shopping, Park, Highway Access, Public School, T-Station, Sidewalks
- Parking Features: Paved Drive, Off Street, Tandem, Driveway
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,867,000
- Tax Year: 2025
- Total Rent: $8,610
- Rental Fee Includes: Unit 1(Heat, Water, Hot Water, Other (See Remarks)), Unit 2(Heat, Water, Hot Water, Other (See Remarks)), Unit 3(Heat, Water, Hot Water, Other (See Remarks))
- Taxes: $11,855
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Content © 2025 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 Keller Williams Realty Boston-Metro | Back Bay.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.