1 Jay Street, Cambridge, MA 02139
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$2,150,000
3 Unit
6 Beds
5 Baths
3044 SQFT
0.05 Acre

Property Description

This rare 3-unit multifamily situated on a corner lot in Cambridge's desirable and sought-after Riverside neighborhood offers consistent rental history and a compelling cap rate, making it ideal for investors, owner-occupants, or developers. The flexible layout provides the option for full tenancy or owner occupancy with quality rental income. Unit #1 is a 3BR/2BA split-level with a private brick patio. Unit #2 is a bright 2BR/1.5BA on the second floor. Unit #3 is a 1BR/1BA with a balcony, and is currently occupied (TAW) but will be delivered vacant. There is coin-operated laundry and extra storage on the first floor as you enter the building. The property is walking distance of Central Square (MBTA Red Line), MIT, Harvard, Whole Foods, Trader Joe's, the Charles River, and Memorial Drive. Effortless access to Boston renowned hospitals, Kendall Square's tech hub, Downtown Boston's financial district, the Mass Pike (I-90), and Logan Airport adds to the property's exceptional appeal!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 4
  • Total Bedrooms: 6
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Amenities: Bike Path, Highway Access, House of Worship, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, Tennis Court, University, Walk/Jog Trails
  • Basement Features: Bulkhead, Full
  • Common Rooms: Kitchen, Living RM/Dining RM Combo, Office/Den
  • Common Interior Features: Bathroom With Tub & Shower, Pantry, Programmable Thermostat, Slider, Storage
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Vent Hood, Washer
  • Common Heating: Electric, Extra Flue, Forced Air, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Space Heater

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 118540
  • Gross Expenses: 17955
  • Electric Expenses: 351
  • Water/Sewer: 3318
  • INSC: 4395
  • Net Operating Income: 100585

Utilities

  • Electric Info: Individually Metered, Varies per Unit
  • Energy Features: Insulated Windows, Prog. Thermostat
  • Utility Connections: for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1902
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Brick
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Hardwood, Laminate
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73450111
  • Last Updated: 10/31/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/31/2025New$2,150,000$706MLSPIN

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Seller's Representative: Christine Dillon, Coldwell Banker Realty - Newton
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-10-31 18:33:00