2 Cambridge Ter,Cambridge, MA 02140
Cambridge, MA 02140
Description
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!
Details
| MLS # | 73572556 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1903 |
| Days On Site | 68 |
| Listing Provided By | RE/MAX Andrew Realty Services | Guy Contaldi |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 3,471 |
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Zoning | C-1 |
| Acreage | 0.18 |
| Golf Course | Yes |
Interior
| Rooms Total | 15 |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Window Unit(s) |
| Heating Yes / No | Yes |
| Heating | Natural Gas |
| Interior Features | Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo |
| Window Features | Insulated Windows |
| Appliances | Range, Dishwasher, Disposal, Refrigerator, Freezer, Oven |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Flooring | Tile, Hardwood |
Exterior
| Exterior Features | Balcony/Deck, Balcony |
|---|---|
| Roof | Rubber |
| Foundation Details | Stone |
| Lot Features | Corner Lot, Level |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Drive, Off Street |
| Open Parking Yes / No | Yes |
Utilities
| Utilities | for Gas Range |
|---|---|
| Sewer | Public Sewer |
| Electric | 200+ Amp Service |
Taxes
| Tax Annual Amount | 15741 |
|---|---|
| Tax Assessed Value | 2359900 |
| Tax Year | 2026 |
Location
| Community Features | Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, House of Worship, Private School, Public School, T-Station, University |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Middlesex |
| City | Cambridge |
| Zip Code | 02140 |
| Area | Porter Square |
| Listing VS Median (in 02140) | |
Price: $3,400,000 low | high Med: $599,000 sqft: 3,471 low | high Med: 578 $ / sqft: $980 low | high Med: $1,048 On site: 68 low | high Med: 47.5 | |
Market Activity 02140
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Learn More About This Property
| State | MA |
|---|---|
| County | Middlesex |
| City | Cambridge |
| Zip Code | 02140 |
| Area | Porter Square |
| Listing VS Median (in 02140) | |
Price: $3,400,000 low | high Med: $599,000 sqft: 3,471 low | high Med: 578 $ / sqft: $980 low | high Med: $1,048 On site: 68 low | high Med: 47.5 | |
 | $4,250,00056 Creighton St # ACambridge, MA 02140 |
 | $4,250,00056 Creighton St # ACambridge, MA 02140 |