22 Madison Ave Cambridge, MA 02140
North Cambridge NeighborhoodEstimated payment $16,951/month
Highlights
- Deck
- Property is near public transit and schools
- Balcony
- Graham & Parks Alternative Public School Rated A
- Jogging Path
- 2-minute walk to Gibbons Park
About This Home
Rare investment opportunity at this masterfully gut-renovated (2023) three-family building situated on a quiet one-way street in North Cambridge. This turnkey property features three spacious, identical 3-bed, 2-bath apartments boasting high ceilings, new windows, and elegant flooring throughout. Each designer unit is equipped with premium stainless steel appliances, quartz countertops, and dedicated high-efficiency systems including central AC, high efficiency gas furnaces, and on-demand tankless hot water. Investors will benefit from units being separately metered for all utilities and a heavy-duty fire sprinkler system with a dedicated storage tank. Beyond the massive basement storage, the property benefits from the potential of adding an additional floor or an ADU as permitted by Cambridge's new zoning regulation. It also has a 92 Bike Score, in this prime location just 0.5 miles to Alewife Station. Additionally it's a prime candidate for condo conversion.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,735
Year Built
- Built in 1923
Lot Details
- 4,400 Sq Ft Lot
- Level Lot
Home Design
- Triplex
- Block Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 3,957 Sq Ft Home
- Property has 1 Level
- Living Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Oven
- Microwave
- ENERGY STAR Qualified Refrigerator
- Freezer
- ENERGY STAR Qualified Dishwasher
- ENERGY STAR Cooktop
- Disposal
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Full Bathrooms
Laundry
- ENERGY STAR Qualified Dryer
- Dryer
- ENERGY STAR Qualified Washer
Parking
- 3 Car Parking Spaces
- Driveway
- 3 Open Parking Spaces
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Balcony
- Deck
Location
- Property is near public transit and schools
Utilities
- Central Heating and Cooling System
- 3 Cooling Zones
- 3 Heating Zones
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 413135
Community Details
Overview
- 3 Units
- Near Conservation Area
Recreation
- Park
- Jogging Path
- Bike Trail
Building Details
- Insurance Expense $4,430
- Operating Expense $6,221
- Net Operating Income $159,463
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| 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 | $16,551 | $2,606,500 | $507,000 | $2,099,500 |
| 2024 | $9,141 | $1,544,100 | $528,100 | $1,016,000 |
| 2023 | $8,986 | $1,533,500 | $538,700 | $994,800 |
| 2022 | $8,414 | $1,421,300 | $522,900 | $898,400 |
| 2021 | $8,125 | $1,388,900 | $524,700 | $864,200 |
| 2020 | $7,991 | $1,389,700 | $536,000 | $853,700 |
| 2019 | $7,610 | $1,281,200 | $478,500 | $802,700 |
| 2018 | $4,890 | $1,096,700 | $402,900 | $693,800 |
| 2017 | $6,955 | $1,071,600 | $377,700 | $693,900 |
| 2016 | $6,751 | $965,800 | $327,400 | $638,400 |
| 2015 | $6,577 | $841,000 | $287,800 | $553,200 |
| 2014 | $6,344 | $757,100 | $251,800 | $505,300 |
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 |
|---|---|---|---|---|
| 06/15/2026 06/15/26 | Pending | -- | -- | -- |
| 05/25/2026 05/25/26 | Price Changed | $2,800,000 | -8.4% | $708 / Sq Ft |
| 04/28/2026 04/28/26 | Price Changed | $3,055,555 | -1.4% | $772 / Sq Ft |
| 03/25/2026 03/25/26 | For Sale | $3,100,000 | -- | $783 / Sq Ft |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | $1,650,000 | None Available | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $154,000 | Unknown | |
| Open | $1,393,000 | Adjustable Rate Mortgage/ARM | |
| Closed | $1,393,000 | Adjustable Rate Mortgage/ARM | |
| Closed | $1,500,000 | New Conventional | |
| Previous Owner | $2,480,000 | Commercial | |
| Previous Owner | $25,000 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73491363
APN: CAMB-000188-000000-000042
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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