• $3,400,000List Price
  • 6Bedrooms
  • 3Bathrooms
  • 0.18Acreage
  • 1903Year Built
  • 3,471Square Feet

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!

More Info

Basic Information

  • Gross Income $127,056
  • Lot Features Corner Lot, Level
  • Mls StatusNew
  • Parcel Number M:0201 L:0064,414530
  • Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water)

Location

  • Address2 Cambridge Terrace
  • Building Number2
  • CountyMiddlesex
  • NeighborhoodPorter Square
  • StateMA
  • StreetCambridge Terrace
  • SubdivisionPorter Square
  • TownCambridge
  • Zip02140

Utilities

  • Cooling Window Unit(s)
  • Cooling YN Yes
  • Electric 200+ Amp Service
  • Heat SystemYes
  • Heating Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Legal

  • ZoningC-1

Tax Information

  • Tax Assessed Value $2,359,900
  • Tax Year 2026
  • Taxes$15,741

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms6
  • Full Bath3

Building

  • BasementFull
  • Building Area Units Square Feet
  • FoundationStone
  • Levels 3
  • Patio And Porch Features Deck - Composite
  • Rooms15
  • Stories3
  • Units3
  • Utilities For Gas Range
  • Window Features Insulated Windows
  • Year Built1903
  • Year Built Details Approximate
  • Year Built Source Public Records

Amenities

  • Amenities
    • Bike Path
    • Golf
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Pool
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Tennis Court(s)
    • University
    • Walk/Jog Trails
  • Appliances IncludedRange, Dishwasher, Disposal, Refrigerator, Freezer, Oven
  • Other AmenitiesBasement, Golf, Tennis

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces18

Basic Information

  • List Price$3,400,000
  • MLS Number73572556
  • Modification Date09/07/2026
  • Property SubType3 Family

Property

  • Acreage0.18

Interior

  • Flooring Tile, Hardwood
  • Interior Features Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo

Exterior

  • Exterior Features Balcony/Deck, Balcony
  • RoofRubber

Property Information

  • Building Area Source Public Records
  • Living Area 3,471
  • Lot Size Square Feet 7,773
  • Lot Size Units Acres
  • Square Feet3,471

Other

  • Date Listed09/07/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Guy Contaldi of REMAX Andrew Realty Services

Cambridge, MA Demographics

There is no data available

Cambridge, MA Real Estate Market Data

There is no data available

Cambridge, MA Schools

School NameDistanceTypeGrades

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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