Property Description

A rare North Cambridge offering combining strong in-place income with verified redevelopment potential. This fully leased two-family (tenants through 8/31/26) 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.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Amenities: Bike Path, Conservation Area, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement, Walk Out
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 82800
  • Gross Expenses: 13228
  • Net Operating Income: 69572

Utilities

  • Heat Zones: 2
  • Electric Info: 100 Amps, 150 Amps, Circuit Breakers, Individually Metered, Other (See Remarks), Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Dryer, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1950
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Tile, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73455838
  • Last Updated: 11/18/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/18/2025New$1,650,000$624MLSPIN
01/02/2024Expired$1,495,000$565MLSPIN
11/20/2023Active$1,495,000$565MLSPIN
11/16/2023New$1,495,000$565MLSPIN

Mortgage Calculator

View Breakdown

Map

Seller's Representative: James Riel, JR Associates
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-11-18 10:41:00