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.
- Basement:
- Full, Walk-out Access, Interior Entry, Unfinished, Concrete
- Parking:
- Tandem, Off Street, Paved
- Construction:
- Frame
- Exterior Unit Features:
- Rain Gutters, Garden
- Flooring:
- Tile, Wood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- washer, and dryer will be left as gifts, along with some furniture in the basement.Listing agent is related to family.
- Electric Feature:
- Circuit Breakers, Individually Metered, 100 Amp Service, 150 Amp Service
- Garage Parking:
- 2
- Lead Paint:
- Unknown
- Laundry Features:
- Gas Dryer Hookup
- Area:
- North Cambridge
- Grade School:
- Wild Rose
- High School:
- Rindge Avenue
- Middle School:
- Rindge Avenue
- Market Time:
- 9
- Parking Spaces:
- 7
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $586
- Zoning:
- C-1
- No Units:
- 2
- Orig Price:
- $1,650,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Cambridge
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 02140
- Longitude:
- W72° 51' 42.1''
- Latitude:
- N42° 23' 58.2''
Residential Income
3 Seagrave Rd, Cambridge, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,550,000
- Bedrooms :
- 5
- Rooms :
- 17
- Total Bathrooms :
- 2
- Full Bathrooms :
- 2
- Square Footage :
- 2,644 Sqft
- Year Built :
- 1950
- Lot Area :
- 0.09 Acre
- Listing ID :
- 73466811
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
