Peter Saunders
REALTOR®
BEDS9
BATHS6 full
SQUARE FEET3,957
MLS#73491363
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
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 Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: Central Air
Heating: Central, Natural Gas
Lot Size: 0.10 Acres
Roof Type: Rubber
Stories: 3.0
Taxes: $18,735
Year Built: 1923
Amenities
Living Room
Kitchen
Laundry Room
Balcony
Feature Descriptions
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Oven, Rangetop - ENERGY STAR
Building Area Total: 3957
Community Features: Public Transportation, Park, Walk/Jog Trails, Bike Path, Conservation Area, Highway Access, Public School, T-Station, University
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 28
Dwelling Type: 3 Family - 3 Units Up/Down
Exterior: Frame
HeatingY/N: 1
Lot Features: Level
Open Parking Y/N: Yes
Parcel Number: 413135
Parking Features: Off Street, Assigned, Driveway
Parking Total: 3
Patio And Porch: Deck - Wood
Rooms Total: 15
Sewer: Public Sewer
Units: 3
Water: Public
Listed By / Shown By
Listed By
Agency Name: eXp Realty
Agency Phone: 888-854-7493
Agent Name: Montivista Real Estate Group
Shown By
Agent Name: Peter Saunders
Agent Phone:
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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Estimated Payment
$ 9,364.67 per month $6,899.26 Principal & Interest $1,561.25 Property Tax $904.17 Homeowner's Insurance
22 Madison Ave | MLS# 73491363
This multi-family property located at 22 Madison Ave, Cambridge, MA 02140 is currently listed for sale with an asking price of $3,100,000. Search Cambridge real estate on petersaunders.masiellogrouprealestate.com today.