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About this property
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
| Units | 2 |
| Living area | 2,644 sqft |
| Lot size | 3,780 sqft |
| Year built | 1950 |
| Price / sqft | $558 |
| County | Middlesex |
| MLS # | 73466811 |
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 3 Seagrave Rd, Cambridge MA 02140 have?
It is a 2-unit multi-family property with 2,644 sqft of living area, built in 1950.
What is the price per unit?
At a list price of $1,550,000 across 2 units, that works out to roughly $775,000 per unit.
What is the price per square foot?
At $1,550,000 for 2,644 sqft, that's about $558 per square foot.
Where is this property located?
3 Seagrave Rd, Cambridge MA 02140 is in Cambridge, Middlesex County, MA 02140.
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