2 Cambridge Terrace Cambridge, MA 02140
Neighborhood Nine NeighborhoodEstimated payment $20,072/month
Highlights
- Medical Services
- 3-minute walk to Porter Square Station
- Deck
- Graham & Parks Alternative Public School Rated A
- 0.18 Acre Lot
- Property is near golf course, public transit, and schools
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,741
Year Built
- Built in 1903
Lot Details
- 7,773 Sq Ft Lot
- Corner Lot
- Level Lot
Home Design
- Stone Foundation
- Rubber Roof
Interior Spaces
- 3,471 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Combination Dining and Living Room
- Basement Fills Entire Space Under The House
Kitchen
- Oven
- Range
- Freezer
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- 18 Car Parking Spaces
- Driveway
- 18 Open Parking Spaces
- Off-Street Parking
Outdoor Features
- Balcony
- Deck
Location
- Property is near golf course, public transit, and schools
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- 200+ Amp Service
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:0201 L:0064,414530
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Community Pool
- Park
- Jogging Path
- Bike Trail
Additional Features
- 3 Units
- Net Operating Income $127,056
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/07/2026 09/07/26 | For Sale | $3,400,000 | -- | $980 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73572556
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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Ask me questions while you tour the home.