This 3-UNIT MULTIFAMILY situated in Cambridge's desirable and sought-after Riverside neighborhood offers consistent rental history and a compelling cap rate, making it ideal for investors, owner-occupants, or developers. The flexible layout provides the option for full tenancy or owner occupancy with quality rental income. Unit #1 is a 3BR/2BA split-level unit with a side brick patio area off of the living room. Unit #2 is a bright 2BR/1.5BA on the second floor. Unit #3 on the top floor is a cozy 1BR/1BA with a small balcony off of the kitchen. There is coin-operated laundry and extra storage on the first floor as you enter the building. The property is walking distance of Central Square (MBTA Red Line), MIT, Harvard, Whole Foods, Trader Joe's, the Charles River, and Memorial Drive. Effortless access to Boston renowned hospitals, Kendall Square's tech hub, Downtown Boston's financial district, the Mass Pike (I-90), and Logan Airport adds to the property's exceptional appeal!
— MLSPIN #: 73450111Map of 1 Jay Street, Cambridge, MA 02139
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| List Price: | $1,998,000 |
|---|---|
| Status: | Active |
| MLS ID: | 73450111 |
| Town: | Cambridge |
| Neighborhood: | Riverside |
| County: | Middlesex |
| Zip: | 02139 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family - 3 Units Up/Down |
| Bedrooms: | 6 |
| Full Baths: | 4 |
| Half Baths: | 1 |
| Living Area: | 3,044 sqft |
| Acres: | 0.05 |
| Taxes: | 9,697 |
| Appliances: | Washer, Dryer, Range, Dishwasher, Microwave, Refrigerator, Range Hood |
| Flooring: | Varies, Laminate, Hardwood |
| Heating: | Baseboard, Natural Gas, Electric |
| Lot Features: | Corner Lot |
| Parking Features: | On Street |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1902 |
| Roof: | Shingle, Rubber |
| Window Features: | Insulated Windows, Screens |
| Directions: | River St or Western Ave to Jay St |
| Foundation Details: | Stone |
| Electric: | Individually Metered, Varies per Unit |
| Construction Materials: | Brick |
| Listing Contract Date: | 2025-10-31 |
| Heating?: | Yes |
| Lot Size Area: | 0.05 |
| Lot Size Square Feet: | 2,118 |
| Rooms Total: | 17 |
| Bathrooms Total Integer: | 5 |
| Basement: | true |
| Basement: | Full, Bulkhead |
| Building Area Source: | Public Records |
| Building Area Total: | 3,044 |
| Community Features: | Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University |
| Exterior Features: | Balcony/Deck, Balcony, Rain Gutters |
| Fencing: | Fenced/Enclosed, Fenced |
| Interior Features: | Storage, Walk-In Closet(s), Laundry Room, Pantry, Bathroom With Tub & Shower, Open Floorplan, Smart Thermostat, Slider, Kitchen, Living RM/Dining RM Combo, Office/Den |
| Levels: | 4 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Open Parking?: | Yes |
| Parcel Number: | 407760 |
| Patio And Porch Features: | Porch, Patio |
| Rent Includes: | Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water), Unit 3(Heat, Water, Hot Water) |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range, for Gas Oven |
| Zoning: | BA-3 |
| Green Energy Efficient: | Thermostat |
| Stories Total: | 4 |
| Year Built Source: | Public Records |
| Disclosures: | Listing agent has ownership interest. Photos from prior tenants. |
| Electric Expense: | $351 |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Estimated, Owner |
| Foundation Area: | 704 |
| Gross Income: | $118,540 |
| Insurance Expense: | $4,395 |
| Listing Agreement: | Exclusive Right To Sell |
| Listing Terms: | Contract |
| Apod Available: | Yes |
| Certificate Number: | 000000135321 |
| Color: | Light Blue |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 3 |
| Gre: | 17,955 |
| Hte: | 3,326 |
| Lead Paint: | Unknown |
| Lease 1: | No |
| Lease 2: | No |
| Lease 3: | No |
| Levels 1: | 2 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $656.37 |
| Page: | 220 |
| Price Per Sqft: | $656.37 |
| Square Feet Incl Base: | No |
| Year Round: | Yes |
| Net Operating Income: | $100,585 |
| Operating Expense: | $17,955 |
| Original List Price: | $2,150,000 |
| Tax Assessed Value: | $1,527,100 |
| Tax Year: | 2025 |
| Total Actual Rent: | $10,200 |
| Water Sewer Expense: | $3,318 |
| Year Built Details: | Actual, Renovated Since |
| Bedrms 1: | 3 |
| Bedrms 2: | 2 |
| Bedrms 3: | 1 |
| F Bths 1: | 3 |
| F Bths 2: | 2 |
| F Bths 3: | 1 |
| Hot Water: | Natural Gas, Tank |
| H Bths 2: | 1 |
| Rent1: | 3,900 |
| Rent2: | 3,600 |
| Rent3: | 2,400 |
Disclaimer:
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on December 14, 2025 04:06 PM
Property Last Updated: December 03, 2025 04:14 PM
Listing Courtesy of: Coldwell Banker Realty - Newton
Listing Agent: Christine Dillon
