1 Jay St Cambridge, MA 02139
Riverside NeighborhoodEstimated payment $11,307/month
Highlights
- Open Floorplan
- Wood Flooring
- Community Pool
- Property is near public transit
- Corner Lot
- 5-minute walk to Dana Square Park
About This Home
This 3-UNIT MULTIFAMILY situated 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 unit with a side brick patio area off of the living room. Unit #2 is a bright 2BR/1.5BA on the second floor. Unit #3 on the top floor is a cozy 1BR/1BA with a small balcony off of the kitchen. 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
Home Type
- Multi-Family
Est. Annual Taxes
- $9,697
Year Built
- Built in 1902
Lot Details
- 2,118 Sq Ft Lot
- Fenced
- Corner Lot
Home Design
- Triplex
- Brick Exterior Construction
- Stone Foundation
- Shingle Roof
- Rubber Roof
Interior Spaces
- 3,044 Sq Ft Home
- Property has 2 Levels
- Open Floorplan
- Insulated Windows
- Window Screens
- Sliding Doors
- Combination Dining and Living Room
- Home Office
- Storage
- Basement Fills Entire Space Under The House
Kitchen
- Range with Range Hood
- Microwave
- Dishwasher
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- Walk-In Closet
- Bathtub with Shower
Laundry
- Dryer
- Washer
Parking
- On-Street Parking
- Open Parking
Eco-Friendly Details
- Energy-Efficient Thermostat
Outdoor Features
- Bulkhead
- Balcony
- Patio
- Rain Gutters
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Heating System Uses Natural Gas
- Baseboard Heating
- Separate Meters
Listing and Financial Details
- Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(heat water hot water)
- Tax Lot 11
- Assessor Parcel Number 407760
Community Details
Recreation
- Tennis Courts
- Community Pool
- Park
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $351
- Insurance Expense $4,395
- Water Sewer Expense $3,318
- Operating Expense $17,955
- Net Operating Income $100,585
Additional Features
- 3 Units
- Shops
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,697 | $1,527,100 | $678,900 | $848,200 |
| 2024 | $9,173 | $1,549,500 | $732,500 | $817,000 |
| 2023 | $8,684 | $1,481,900 | $746,200 | $735,700 |
| 2022 | $8,354 | $1,411,200 | $746,400 | $664,800 |
| 2021 | $8,024 | $1,371,700 | $731,900 | $639,800 |
| 2020 | $7,715 | $1,341,800 | $724,600 | $617,200 |
| 2019 | $7,083 | $1,192,500 | $626,500 | $566,000 |
| 2018 | $6,519 | $1,036,400 | $542,100 | $494,300 |
| 2017 | $6,567 | $1,011,800 | $517,600 | $494,200 |
| 2016 | $6,023 | $861,700 | $405,900 | $455,800 |
| 2015 | $5,873 | $751,000 | $354,100 | $396,900 |
| 2014 | $5,901 | $704,200 | $340,500 | $363,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/25/2025 11/25/25 | Price Changed | $1,998,000 | -7.1% | $656 / Sq Ft |
| 10/31/2025 10/31/25 | For Sale | $2,150,000 | 0.0% | $706 / Sq Ft |
| 02/10/2025 02/10/25 | Off Market | -- | -- | -- |
| 02/01/2025 02/01/25 | For Rent | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $93,569 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $479,500 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73450111
APN: CAMB-000125-000000-000011
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The property listing data and information, or the Images, 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, 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. 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, or as to the accuracy of any of the Images, set forth herein.
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