Residential Income in Cambridge

$2,800,000

22 Madison Ave, 02140, Cambridge, MA

UNDER OFFER

Residential Income for sale in Cambridge, 22 Madison Ave, 02140, 3957 m²

22 Madison Ave, 02140, Cambridge, MA

$2,800,000

9Bed
6Bath
3957
Type: Residential Income

Description

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.

Location

22 Madison Ave, 02140, Cambridge, MA

Data

Object TypeResidential Income
Purchase Price$2,800,000
Living Space3957 m²
Plot Size408.77 m²
Bathrooms6
Construction Year1923
ConditionNot specified
Rooms15

Energy Information

Heating TypeCentral, Natural Gas
Primary Energy SourceN/A
Construction Year1923
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent

R

Real Estate Agent