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INVESTMENT SNAPSHOT
About this property
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 details
| Units | 3 |
| Living area | 3,957 sqft |
| Lot size | 4,400 sqft |
| Year built | 1923 |
| Price / sqft | $708 |
| County | Middlesex |
| MLS # | 73491363 |
Listing status
| Days on market | 65 days |
| Listed on | March 25, 2026 |
Taxes & financials
| Annual property tax | $18,735 |
| Tax year | 2026 |
| Assessed value | $2,730,000 |
| Zoning | B |
| Gross income (actual) | $165,684/yr |
| Net operating income (actual) | $159,463/yr |
| Total actual rent | $13,807/mo |
| Insurance expense | $4,430/yr |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.1 acres |
| Garage spaces | 0 |
| Parking spaces | 3 |
| Parking | Off Street, Assigned, Driveway |
| Basement | Full, Unfinished |
| Foundation | Block |
| Roof | Rubber |
| Construction | Frame |
Utilities & systems
| Heating | Central, Natural Gas |
| Cooling | Central Air |
| Sewer | Public Sewer |
| Water | Public |
| 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 |
Location
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Listing courtesy of eXp Realty LLC - Corporate Office — Montivista Real Estate Group. 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 22 Madison Ave, Cambridge MA 02140 have?
It is a 3-unit multi-family property with 3,957 sqft of living area, built in 1923.
How long has 22 Madison Ave, Cambridge MA 02140 been on the market?
22 Madison Ave, Cambridge MA 02140 has been listed for 65 days (since March 25, 2026).
What is the estimated cap rate on this 3-family in Cambridge?
Based on area median rents, the estimated cap rate is about 2.9%, with a Signal Score of 58/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $2,800,000 across 3 units, that works out to roughly $933,333 per unit.
What are the property taxes on 22 Madison Ave, Cambridge MA 02140?
Annual property taxes are $18,735 (2026), on an assessed value of $2,730,000.
What is the price per square foot?
At $2,800,000 for 3,957 sqft, that's about $708 per square foot.
Is there parking?
3 total parking spaces (off street, assigned, driveway).
Where is this property located?
22 Madison Ave, Cambridge MA 02140 is in Cambridge, Middlesex County, MA 02140.
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