Under Agreement
2 Cambridge Terrace, Cambridge, MA
Cambridge · MA 02140
- $3,400,000
- Price
- 6
- Beds
- 3
- Baths
- 3471
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1903
Units:
3 Units
Lot size:
7,773 Sq.Ft Lot
Price per square foot:
$980 / Sq.Ft
Parking:
18 Off Street Spaces
About this home
DEVELOPERS, BUILDERS & INVESTORS AND VISIONARY BUYERS!—RARE CAMBRIDGE OPPORTUNITY! Offered for the first time in over 60 years, this three-family property sits on a substantial 7,773 SF lot and presents a compelling combination of immediate income and potential future upside. The property currently features three residential units PLUS 18 off-street parking spaces, creating multiple income streams while a buyer evaluates the property's highest and best use. Opportunities offering this combination of land, existing multifamily income, and significant off-street parking are increasingly difficult to find in Cambridge. Continue operating as an income-producing asset, reposition the existing property, or investigate potential redevelopment, expansion, or additional-unit possibilities. Buyer to perform all due diligence regarding zoning, permitting, density, buildability, and development potential. Seller and listing broker make no representations or warranties regarding future development or additional units. Bring your architect, contractor, and vision!
Neighborhood & Transit
Porter Square
2 Cambridge Terrace, Cambridge · MA 02140
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Porter Red Commuter Rail 1 route 0.13 mi
- Fitchburg Line
Price Insight
- Days on Market:
- 57 days
- Listing Price:
- $3,400,000
- Price per Sq.Ft:
- $980
- Tax Assessment:
- $2,359,900 in 2026
- Taxes:
- $1,312 / Monthly
Home Facts
Interior Features
- Bedrooms
- 6
- Full Bathrooms
- 3
- Half Bathrooms
- 0
- Living Area
- 3,471 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 3471
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 200 Amps
Exterior Features
- Lot Size
- 7,773 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 18 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Wood
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Guy Contaldi
- Listing office
- REMAX Andrew Realty Services
- MLS PIN #
- 73572556
- Disclosure
- PARKING INCOME $4,500 A MONTH TOTAL YEARLY INCOME $181,056