NOT LISTED FOR SALE
18 Beds
6 Baths
6,012 Sq Ft
5,227 Sq Ft Lot

Last Sold March 19, 2025

Last sale price $3,740,000 $622 Per Sq Ft

161 Days on Market

Highlights

  • Medical Services
  • Property is near public transit and schools
  • Park
  • 0.12 Acre Lot
  • Jogging Path
  • 3-minute walk to Donnelly Field

About This Home

As of March 2025

417 Cardinal Medeiros Avenue offers the opportunity to acquire a fully leased investment Property in an incredible high-density, urban-infill, Cambridge neighborhood. The highly walkable location is a short walk from Kendall Square, Inman Square, the Green Line at the Union Square Station, MIT, MGH, the Charles River Esplanade, and Downtown Boston. 417 Cardinal Medeiros Avenue is a three-story multi-family building that contains a total of six units, comprised of two 4-Bedroom/1-Bathroom units, two 3-Bedroom/1-Bathroom units, and two 2-Bedroom/1-Bathroom units. The Property has undergone extensive renovations since acquisition, offering a turnkey investment with condo-quality upgrades throughout. Units feature new kitchens with granite countertops and stainless-steel appliances, including gas stoves and dishwashers, hardwood floors throughout, new bathrooms, and in-unit washers and dryers. Each of the units is separately metered for gas heat, hot water and electric.

Last Agent to Sell the Property

Dennis Kelleher

Horvath & Tremblay Listed on: 05/16/2024

Last Buyer's Agent

Shasha Chang

Peace of Mind Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,575

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Rubber Roof

Interior Spaces

  • 6,012 Sq Ft Home
  • Property has 1 Level
  • Unfinished Basement

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 6 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • On-Street Parking
  • Open Parking

Additional Features

  • Property is near public transit and schools
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $22,050
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 401414

Community Details

Overview

  • 6 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Operating Expense $41,282
  • Net Operating Income $223,318

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,575

Year Built

Built in 1900

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Levels: 3
  • Buyer Agency Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Appliances: Washer, Dryer
  • Total Bedrooms: 18
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Unfinished
  • Above Grade Finished Sq Ft: 6012
  • Living Area: 6012
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN2723
  • MAIN SO: AN5574

Exterior Features

  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Electric: Individually Metered
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Public School, T-Station, University
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 401414
  • Zoning: C-1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 24
  • Tax Annual Amount: 17575

Multi Family

  • Net Operating Income: 223318
  • Number Of Units Total: 6
  • Operating Expense: 41282
  • Total Actual Rent: 22050
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: Y
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/19/2025 03/19/25 Sold $3,740,000 -6.5% $622 / Sq Ft
10/25/2024 10/25/24 Pending -- -- --
08/16/2024 08/16/24 For Sale $4,000,000 0.0% $665 / Sq Ft
07/16/2024 07/16/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $4,000,000 +50.9% $665 / Sq Ft
09/27/2017 09/27/17 Sold $2,650,000 -7.0% $440 / Sq Ft View Prior Sale
07/25/2017 07/25/17 Pending -- -- --
07/15/2017 07/15/17 Price Changed $2,849,000 0.0% $473 / Sq Ft
07/14/2017 07/14/17 Price Changed $2,850,000 -5.0% $473 / Sq Ft
06/05/2017 06/05/17 For Sale $3,000,000 -- $498 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $22,854 $3,599,000 $1,344,000 $2,255,000
2024 $17,679 $2,986,400 $1,374,000 $1,612,400
2023 $17,397 $2,968,800 $1,374,000 $1,594,800
2022 $16,357 $2,724,500 $1,284,000 $1,440,500
2021 $16,357 $2,796,000 $1,200,000 $1,596,000
2020 $14,886 $2,588,900 $1,170,000 $1,418,900
2019 $12,870 $2,166,700 $1,017,600 $1,149,100
2018 $11,605 $1,845,000 $885,000 $960,000
2017 $10,887 $1,677,500 $840,000 $837,500
2016 $10,470 $1,497,800 $642,000 $855,800
2015 $10,068 $1,287,500 $516,000 $771,500
2014 $9,671 $1,154,100 $480,000 $674,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73239171

MLS Property Information Network (MLS PIN)
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