A rare North Cambridge offering combining strong in-place income with verified redevelopment potential. This fully leased two-family (both tenants through 7/31/26) produces a solid 4.22% CAP rate, making it a reliable investment from day one. Even more compelling, a formal zoning analysis by Context Workshop Architects confirms the ability to demolish the existing structure and construct up to nine (9) residential units with roughly 10,000 sq ft of gross living area under current C-1 zoning. With only 5′ front and side setbacks required and no parking minimums under Cambridge’s new multifamily zoning, this site offers a clear by-right path for a boutique development project. Located minutes to Alewife Station, the Minuteman Bike Path, and steps from the transformative 46-acre Cambridge Point redevelopment, this property sits in one of the most rapidly evolving and highly connected neighborhoods in the city. A perfect opportunity for developers or investors seeking long-term upside.
Property Details
Price:
$1,550,000
MLS #:
73466811
Status:
Pending
Beds:
5
Baths:
2
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
Neighborhood:
northcambridge
Listed Date:
Jan 8, 2026
Finished Sq Ft:
2,644
Total Sq Ft:
2,644
Lot Size:
3,780 sqft / 0.09 acres (approx)
Year Built:
1950
Units:
2
See this Listing
Schools
Elementary School:
Wild Rose
Middle School:
Rindge Avenue
High School:
Rindge Avenue
Interior
Above Grade Finished Area
2644
Bathrooms
2 Full Bathrooms
Flooring
Wood, Tile
Laundry Features
Gas Dryer Hookup
Levels
3
Exterior
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
Construction Materials
Frame
Covered Spaces
2
Exterior Features
Rain Gutters, Garden
Garage Spaces
2
Lot Features
Flood Plain, Level
Open Parking Spaces
5
Open Parking YN
1
Parking Features
Off Street, Tandem, Paved
Parking Spots
7
Parking Total
7
Patio And Porch Features
Enclosed, Deck
Roof
Shingle
Stories
3
Window Features
Insulated Windows
Financial
Tax Year
2025
Taxes
$7,666
Map
Community
- Address3 Seagrave Rd Cambridge MA
- CityCambridge
- CountyMiddlesex
- Zip Code02140
Subdivisions in Cambridge
Market Summary
Current real estate data for Multi Family in Cambridge as of Apr 10, 2026
48
Multi Family Listed
79
Avg DOM
718
Avg $ / SqFt
$4,149,248
Avg List Price
Property Summary
- 3 Seagrave Rd Cambridge MA is a Multi Family for sale in Cambridge, MA, 02140. It is listed for $1,550,000 To schedule a showing of MLS#73466811 at 3 Seagrave Rd in Cambridge, MA, contact your Cornerstone Real Estate agent at 617-238-7400.
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Courtesy of JR Associates. The property listing data and information 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 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 set forth herein.
3 Seagrave Rd
Cambridge, MA