$2,000,000 ($401.93 per sqft)

Est. Mortgage $10,245/mo *

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Brochure

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Open House Schedule

04/12/2025
1:30 PM to 3:00 PM
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04/13/2025
1:30 PM to 3:00 PM
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7 Richard Ave, Cambridge, (North Cambridge), MA, 02140

7 Richard Ave, Cambridge, (North Cambridge), MA, 02140
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18 rooms

9 beds

3 Full baths

1928

4,976 sqft

Rare-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!

Status:

Active

Town:

Cambridge

Type:

Multi-family

Units:

3

Zoning:

BA-2

Heating:

Hot Water, Steam

Cooling:

Window Unit(s)

Basement:

Full, Interior Entry, Concrete, Unfinished

Levels:

6

Parking:

3-car, Paved Drive, Off Street, Tandem, Driveway

Acreage:

0.09

Est. Taxes:

$11,855

Assessment

$1,867,000

Construction

Brick

Utilities

for Gas Range

Amenities:

Public Transportation, Shopping, Park, Highway Access, Public School, T-Station, Sidewalks

Appliances:

Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer

MLS #:

73357234

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of The Rasner Group, Keller Williams Realty Boston-Metro | Back Bay Phone: 617-542-0012