Unit Information
A rare North Cambridge offering combining strong in-place income with verified redevelopment potential. This fully leased two-family (both tenants through 7/31/26) 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.
- Additional Details
- Status: ACT
- Type: Multi-Family, 2 Family - 2 Units Up/Down
- Area: North Cambridge
- Zip Code: 02140
- Levels: 3
- Parking
- Garage: 2
- Garage Capacity: 7
- Parking: Off Street, Tandem, Paved
- Parking Spaces: 7
- Rooms and Dimensions
- Total Units: 2
- Total Floors: 3
- Total Rooms: 17
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$1,650,000
- Listing ID: 73455838
- Bedrooms: 5
- Full Baths: 2
- Living Area: 2,644 sqft Convert
- Lot Size: 3,780 sqft Convert
- Acres: 0.09
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |