Rare investment opportunity at this masterfully gut-renovated (2023) three-family building situated on a quiet one-way street in North Cambridge. This turnkey property features three spacious, identical 3-bed, 2-bath apartments boasting high ceilings, new windows, and elegant flooring throughout. Each designer unit is equipped with premium stainless steel appliances, quartz countertops, and dedicated high-efficiency systems including central AC, high efficiency gas furnaces, and on-demand tankless hot water. Investors will benefit from units being separately metered for all utilities and a heavy-duty fire sprinkler system with a dedicated storage tank. Beyond the massive basement storage, the property benefits from the potential of adding an additional floor or an ADU as permitted by Cambridge’s new zoning regulation. It also has a 92 Bike Score, in this prime location just 0.5 miles to Alewife Station. Additionally it’s a prime candidate for condo conversion.
- Heating System:
- Central, Natural Gas
- Cooling System:
- Central Air
- Basement:
- Full, Unfinished
- Parking:
- Assigned, Off Street, Driveway
- Appliances:
- Disposal, Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Freezer, Rangetop - Energy Star, Energy Star Qualified Refrigerator, Energy Star Qualified Dishwasher, Energy Star Qualified Dryer, Energy Star Qualified Washer, Oven
- Construction:
- Frame
- Exterior Unit Features:
- Balcony
- Sewer:
- Public Sewer
- Water:
- Public
- Garage Parking
- Interior Features:
- Kitchen, Living Room, Laundry Room
- Lead Paint:
- Unknown
- Market Time:
- 61
- Parking Spaces:
- 3
- Tax Year:
- 2026
- Status:
- Active
- Price Per Sqft:
- $708
- Zoning:
- B
- No Units:
- 3
- Orig Price:
- $3,100,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Price Changed
- City:
- Cambridge
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 02140
- Longitude:
- W72° 51' 49.3''
- Latitude:
- N42° 23' 59.1''
Residential Income
22 Madison Ave, Cambridge, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $2,800,000
- Bedrooms :
- 9
- Rooms :
- 15
- Total Bathrooms :
- 6
- Full Bathrooms :
- 6
- Square Footage :
- 3,957 Sqft
- Year Built :
- 1923
- Lot Area :
- 0.10 Acre
- Listing ID :
- 73491363
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
