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.
— MLSPIN #: 73455838Map of 3 Seagrave Rd, Cambridge, MA 02140
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| List Price: | $1,650,000 |
|---|---|
| Status: | Active |
| MLS ID: | 73455838 |
| Town: | Cambridge |
| Neighborhood: | North Cambridge |
| County: | Middlesex |
| Zip: | 02140 |
| Property Type: | Residential Income |
| Property Sub Type: | 2 Family - 2 Units Up/Down |
| Bedrooms: | 5 |
| Full Baths: | 2 |
| Living Area: | 2,644 sqft |
| Acres: | 0.09 |
| Taxes: | 7,666 |
| Flooring: | Wood, Tile |
| Lot Features: | Flood Plain, Level |
| Parking Features: | Off Street, Tandem, Paved |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1950 |
| Roof: | Shingle |
| Window Features: | Insulated Windows |
| Directions: | Columbus Ave West, right onto Seagrave Rd (One way street!) Use GPS. |
| Laundry Features: | Gas Dryer Hookup |
| Foundation Details: | Concrete Perimeter |
| Postal Code Plus4: | 1640 |
| Electric: | Circuit Breakers, 100 Amp Service, 150 Amp Service, Individually Metered |
| Construction Materials: | Frame |
| Listing Contract Date: | 2025-11-18 |
| Garage?: | Yes |
| Lot Size Area: | 0.09 |
| Lot Size Square Feet: | 3,780 |
| Rooms Total: | 17 |
| Bathrooms Total Integer: | 2 |
| Basement: | true |
| Basement: | Full, Walk-Out Access, Interior Entry, Concrete, Unfinished |
| Building Area Source: | Public Records |
| Building Area Total: | 2,644 |
| Community Features: | Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University |
| Exterior Features: | Rain Gutters, Garden |
| Levels: | 3 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 2 |
| Open Parking?: | Yes |
| Parcel Number: | M:00187 L:00036, 413106 |
| Patio And Porch Features: | Enclosed, Deck |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range, for Gas Dryer |
| Zoning: | C-1 |
| Covered Spaces: | 2 |
| Elementary School: | Wild Rose |
| Garage Spaces: | 2 |
| High School: | Rindge Avenue |
| Middle Or Junior School: | Rindge Avenue |
| Stories Total: | 3 |
| Year Built Source: | Public Records |
| Disclosures: | Seller and seller's agent/facilitator make no guarantees or warranties. Buyer to perform all due diligence. This property does require floor insurance. See paperclip. Approx. $1, 700 per year (per seller disclosure). Rendering of new building is ONLY for visual purposes, not approved or 100% to scale |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Owner |
| Gross Income: | $82,800 |
| Listing Agreement: | Exclusive Right To Sell |
| Listing Terms: | Contract |
| Apod Available: | Yes |
| Color: | Beige |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Gre: | 13,228 |
| Heat Units: | 2 |
| Heat Zones: | 2 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Levels 1: | 1 |
| Levels 2: | 2 |
| Listing Alert: | No |
| List Price Per Sqft: | $624.05 |
| Page: | 46 |
| Price Per Sqft: | $624.05 |
| Square Feet Disclosures: | Huge unfinished attic on 3rd floor. See photos. |
| Square Feet Incl Base: | No |
| Year Round: | Yes |
| Net Operating Income: | $69,572 |
| Operating Expense: | $13,228 |
| Original List Price: | $1,650,000 |
| Parking Total: | 7 |
| Road Responsibility: | Public Maintained Road |
| Tax Assessed Value: | $1,134,400 |
| Tax Year: | 2025 |
| Total Actual Rent: | $6,900 |
| Year Built Details: | Renovated Since |
| Waterview Flag: | No |
| Bedrms 1: | 2 |
| Bedrms 2: | 3 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| Hot Water: | Oil, Natural Gas |
| Rent1: | 3,200 |
| Rent2: | 3,700 |
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: November 26, 2025 10:57 AM
Listing Courtesy of: JR Associates
Listing Agent: James Riel
