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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)

Tax Information

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

Parking

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

Rooms

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

Basic Information

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

Location

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

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

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

Utilities

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

Property Information

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

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

Legal

  • ZoningC-1

Other

  • Date Listed09/07/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by Guy Contaldi of REMAX Andrew Realty Services

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