T
Seller's Agent in 2025
The Rasner Group
Keller Williams Realty Boston-Metro | Back Bay
(904) 687-8456
3 in this area
154 Total Sales
7 Richard Ave Cambridge, MA 02140
North Cambridge Neighborhood
9
Beds
3
Baths
4,976
Sq Ft
3,933
Sq Ft Lot
Highlights
- Property is near public transit
- Balcony
- Tandem Parking
- Wood Flooring
- Porch
- 1-minute walk to James D. Gondolfe Park
About This Home
As of September 2025Rare-to-market BRICK 3-family opportunity in North Cambridge on a nearly 4K lot w/ 3700 sqft of living area, front & back porches & patio, and driveway offers a huge upside to end-users, investors, & developers alike! Impeccably well-maintained, each unit boasts 3 beds/1 bath w/ hardwoods, updated kitchens, & classic front-to-back layouts including adjoining living & dining rooms. Tenants enjoy exclusive-use laundry in the basement, along with ample private storage. Each unit is leased through 8/31/25, generating a combined monthly rent of $8,610 (**under market rents**). Additional highlights include a shared patio, a storage shed, and a paved driveway w/ carport for 3 cars. All this on a tree-lined street near Alewife, Davis Square, Tufts, Mass Ave, and the Minuteman Bikeway. Ideal for investors, 1031 exchanges, or future condo conversion. A solid Cambridge investment in a prime location!
Last Agent to Sell the Property
Keller Williams Realty Boston-Metro | Back Bay Listed on: 04/09/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,855
Year Built
- Built in 1928
Lot Details
- 3,933 Sq Ft Lot
Home Design
- Triplex
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- Property has 1 Level
- Insulated Windows
- Living Room
- Dining Room
- Wood Flooring
Kitchen
- Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- 3 Car Parking Spaces
- Tandem Parking
- Driveway
- Open Parking
- Off-Street Parking
Outdoor Features
- Balcony
- Patio
- Shed
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Window Unit Cooling System
- 3 Heating Zones
- Hot Water Heating System
- Heating System Uses Steam
Listing and Financial Details
- Total Actual Rent $8,610
- Rent includes unit 1(heat water hot water other (see remarks)), unit 2(heat water hot water other (see remarks)), unit 3(heat water hot water other (see remarks))
- Assessor Parcel Number M:00186 L:00065,413049
Community Details
Recreation
- Park
Building Details
- Water Sewer Expense $3,067
- Operating Expense $6,415
- Net Operating Income $96,905
Additional Features
- 3 Units
- Shops
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 24, 2016
Sold by
7 Richard Avenue Llc
Bought by
Stern Ft
Total Days on Market
44
Purchase Details
Closed on
May 3, 2011
Sold by
Stern Elizabeth M and Stern Menachem
Bought by
Seven Richard Avenue L
Purchase Details
Closed on
Apr 9, 2004
Sold by
Michael P Portanova Ft
Bought by
Stern Elizabeth and Stern Menachem
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,500
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Land Court Massachusetts | $930,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $100,000 | No Value Available | |
| Previous Owner | $604,500 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2025 09/10/25 | Sold | $2,050,000 | 0.0% | $412 / Sq Ft |
| 05/23/2025 05/23/25 | Pending | -- | -- | -- |
| 05/05/2025 05/05/25 | Price Changed | $2,050,000 | +2.5% | $412 / Sq Ft |
| 05/05/2025 05/05/25 | For Sale | $2,000,000 | 0.0% | $402 / Sq Ft |
| 04/15/2025 04/15/25 | Pending | -- | -- | -- |
| 04/09/2025 04/09/25 | For Sale | $2,000,000 | -- | $402 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $11,855 | $1,867,000 | $472,800 | $1,394,200 |
| 2024 | $10,863 | $1,835,000 | $492,500 | $1,342,500 |
| 2023 | $10,120 | $1,727,000 | $517,900 | $1,209,100 |
| 2022 | $9,386 | $1,585,400 | $493,600 | $1,091,800 |
| 2021 | $9,042 | $1,545,700 | $495,300 | $1,050,400 |
| 2020 | $8,795 | $1,529,600 | $495,600 | $1,034,000 |
| 2019 | $8,403 | $1,414,700 | $442,400 | $972,300 |
| 2018 | $7,818 | $1,242,900 | $372,500 | $870,400 |
| 2017 | $7,623 | $1,174,500 | $349,300 | $825,200 |
| 2016 | $7,423 | $1,062,000 | $302,700 | $759,300 |
| 2015 | $7,227 | $924,200 | $266,100 | $658,100 |
| 2014 | $6,990 | $834,100 | $232,900 | $601,200 |
Source: Public Records
Agents Affiliated with this Home
-
The Rasner Group
-
Ilya Rasner
Seller Co-Listing Agent in 2025
Ilya Rasner
Keller Williams Realty Boston-Metro | Back Bay
(617) 823-9780
2 in this area
74 Total Sales
-
Nubian Capital
N
Buyer's Agent in 2025
Nubian Capital
Emorrison Williams
(857) 237-1098
2 in this area
14 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73357234
APN: CAMB-000186-000000-000065
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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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