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INVESTMENT SNAPSHOT
About this property
DEVELOPERS, BUILDERS & INVESTORS AND VISIONARY BUYERS!—RARE CAMBRIDGE OPPORTUNITY! Offered for the first time in over 60 years, this three-family property sits on a substantial 7,773 SF lot and presents a compelling combination of immediate income and potential future upside. The property currently features three residential units PLUS 18 off-street parking spaces, creating multiple income streams while a buyer evaluates the property's highest and best use. Opportunities offering this combination of land, existing multifamily income, and significant off-street parking are increasingly difficult to find in Cambridge. Continue operating as an income-producing asset, reposition the existing property, or investigate potential redevelopment, expansion, or additional-unit possibilities. Buyer to perform all due diligence regarding zoning, permitting, density, buildability, and development potential. Seller and listing broker make no representations or warranties regarding future development or additional units. Bring your architect, contractor, and vision!
Property details
| Units | 3 |
| Living area | 3,471 sqft |
| Lot size | 7,773 sqft |
| Year built | 1903 |
| Price / sqft | $980 |
| County | Middlesex |
| MLS # | 73572556 |
Listing status
| Days on market | 0 days |
| Listed on | September 7, 2026 |
Taxes & financials
| Annual property tax | $15,741 |
| Tax year | 2026 |
| Assessed value | $2,359,900 |
| Zoning | C-1 |
| Gross income (actual) | $127,056/yr |
| Net operating income (actual) | $127,056/yr |
| Total actual rent | $10,588/mo |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.18 acres |
| Garage spaces | 0 |
| Parking spaces | 18 |
| Parking | Paved Drive, Off Street |
| Basement | Full |
| Foundation | Stone |
| Roof | Rubber |
| Flooring | Tile, Hardwood |
Utilities & systems
| Heating | Natural Gas |
| Cooling | Window Unit(s) |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
| Appliances | Range, Dishwasher, Disposal, Refrigerator, Freezer, Oven |
Location
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 2 Cambridge Ter, Cambridge MA 02140 have?
It is a 3-unit multi-family property with 3,471 sqft of living area, built in 1903.
How long has 2 Cambridge Ter, Cambridge MA 02140 been on the market?
2 Cambridge Ter, Cambridge MA 02140 has been listed for 0 days (since September 7, 2026).
What is the price per unit?
At a list price of $3,400,000 across 3 units, that works out to roughly $1,133,333 per unit.
What are the property taxes on 2 Cambridge Ter, Cambridge MA 02140?
Annual property taxes are $15,741 (2026), on an assessed value of $2,359,900.
What is the price per square foot?
At $3,400,000 for 3,471 sqft, that's about $980 per square foot.
Is there parking?
18 total parking spaces (paved drive, off street).
Where is this property located?
2 Cambridge Ter, Cambridge MA 02140 is in Cambridge, Middlesex County, MA 02140.
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