Rare-to-market BRICK 3-family opportunity in North Cambridge on a nearly 4K lot w/ 3700 sqft of living area, front & back porches & patio, and driveway offers a huge upside to end-users, investors, & developers alike! Impeccably well-maintained, each unit boasts 3 beds/1 bath w/ hardwoods, updated kitchens, & classic front-to-back layouts including adjoining living & dining rooms. Tenants enjoy exclusive-use laundry in the basement, along with ample private storage. Each unit is leased through 8/31/25, generating a combined monthly rent of $8,610 (**under market rents**). Additional highlights include a shared patio, a storage shed, and a paved driveway w/ carport for 3 cars. All this on a tree-lined street near Alewife, Davis Square, Tufts, Mass Ave, and the Minuteman Bikeway. Ideal for investors, 1031 exchanges, or future condo conversion. A solid Cambridge investment in a prime location!
- Heating System:
- Steam, Hot Water
- Cooling System:
- Window Unit(s)
- Basement:
- Full, Interior Entry, Unfinished, Concrete
- Parking:
- Tandem, Off Street, Paved Drive, Driveway
- Appliances:
- Disposal, Range, Dishwasher, Refrigerator, Washer, Dryer
- Construction:
- Brick
- Exterior Unit Features:
- Balcony
- Flooring:
- Hardwood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Electric Feature:
- Circuit Breakers
- Garage Parking
- Interior Features:
- Kitchen, Dining Room, Living Room
- Lead Paint:
- Unknown
- Road Type:
- Paved
- Rent Fee Includes:
- Water, Hot Water, Other (see Remarks)), Unit 2(heat, Unit 1(heat, Unit 3(heat
- Area:
- North Cambridge
- Market Time:
- 54
- Parking Spaces:
- 3
- Tax Year:
- 2025
- Status:
- Closed
- Price Per Sqft:
- $412
- Zoning:
- BA-2
- No Units:
- 3
- Orig Price:
- $2,000,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Sold
- City:
- Cambridge
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 02140
- Longitude:
- W72° 51' 58.6''
- Latitude:
- N42° 24' 1.2''
Residential Income
7 Richard Ave, Cambridge, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $2,050,000
- Bedrooms :
- 9
- Rooms :
- 18
- Total Bathrooms :
- 3
- Full Bathrooms :
- 3
- Square Footage :
- 4,976 Sqft
- Year Built :
- 1928
- Lot Area :
- 0.09 Acre
- Listing ID :
- 73357234
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
