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!
— MLSPIN #: 73357234Map of 7 Richard Ave, Cambridge, MA 02140
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| List Price: | $2,000,000 |
|---|---|
| Status: | Active |
| MLS ID: | 73357234 |
| Town: | Cambridge |
| Neighborhood: | North Cambridge |
| County: | Middlesex |
| Zip: | 02140 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family - 3 Units Up/Down |
| Bedrooms: | 9 |
| Full Baths: | 3 |
| Living Area: | 4,976 sqft |
| Acres: | 0.09 |
| Taxes: | 11,855 |
| Appliances: | Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer |
| Cooling: | Window Unit(s) |
| Flooring: | Hardwood |
| Heating: | Hot Water, Steam |
| Parking Features: | Paved Drive, Off Street, Tandem, Driveway |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1928 |
| Roof: | Rubber |
| Window Features: | Insulated Windows |
| Directions: | Turn to Richard Ave from Mass Ave |
| Foundation Details: | Concrete Perimeter |
| Electric: | Circuit Breakers |
| Construction Materials: | Brick |
| Listing Contract Date: | 2025-04-09 |
| Cooling?: | Yes |
| Heating?: | Yes |
| Lot Size Area: | 0.09 |
| Lot Size Square Feet: | 3,933 |
| Rooms Total: | 18 |
| Bathrooms Total Integer: | 3 |
| Basement: | true |
| Basement: | Full, Interior Entry, Concrete, Unfinished |
| Building Area Source: | Public Records |
| Building Area Total: | 4,976 |
| Community Features: | Public Transportation, Shopping, Park, Highway Access, Public School, T-Station, Sidewalks |
| Exterior Features: | Balcony |
| Interior Features: | Living Room, Dining Room, Kitchen |
| Levels: | 6 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Open Parking?: | Yes |
| Other Structures: | Shed(s) |
| Parcel Number: | M:00186 L:00065, 413049 |
| Patio And Porch Features: | Porch, Patio |
| Rent Includes: | Unit 1(Heat, Water, Hot Water, Other (See Remarks)), Unit 2(Heat, Water, Hot Water, Other (See Remarks)), Unit 3(Heat, Water, Hot Water, Other (See Remarks)) |
| Road Frontage Type: | Public |
| Road Surface Type: | Paved |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range |
| Zoning: | BA-2 |
| Stories Total: | 6 |
| Year Built Source: | Public Records |
| Disclosures: | Leased until 8/31/2025 |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Owner |
| Gross Income: | $103,320 |
| Gross Scheduled Income: | $784 |
| Listing Agreement: | Exclusive Right To Sell |
| Listing Terms: | Contract |
| Apod Available: | Yes |
| Certificate Number: | 000001318167 |
| Color: | Red |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 3 |
| Gre: | 6,415 |
| Heat Units: | 3 |
| Heat Zones: | 3 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Lease 3: | Yes |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $401.93 |
| Page: | 182 |
| Price Per Sqft: | $401.93 |
| Square Feet Incl Base: | Yes |
| Year Round: | Yes |
| Net Operating Income: | $96,905 |
| Operating Expense: | $6,415 |
| Original List Price: | $2,000,000 |
| Parking Total: | 3 |
| Road Responsibility: | Public Maintained Road |
| Sign On Property?: | Yes |
| Tax Assessed Value: | $1,867,000 |
| Tax Year: | 2025 |
| Total Actual Rent: | $8,610 |
| Water Sewer Expense: | $3,067 |
| Year Built Details: | Approximate |
| Waterview Flag: | No |
| Bedrms 1: | 3 |
| Bedrms 2: | 3 |
| Bedrms 3: | 3 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| Hot Water: | Natural Gas, Tank |
| Rent1: | 2,700 |
| Rent2: | 2,610 |
| Rent3: | 3,300 |
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 April 16, 2025 01:31 PM
Property Last Updated: April 13, 2025 04:09 AM
Listing Courtesy of: Keller Williams Realty Boston-Metro | Back Bay
Listing Agent: The Rasner Group
617-823-9780
