Price Reduced 7.07%

$1,998,000 ($656.37 per sqft)

Est. Mortgage $9,583/mo *

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Open House Schedule

3-Unit Multifamily in Cambridge's Riverside offers a stable rental history and attractive cap rate, ideal for investors, owner-occupants, or developers.

12/07/2025
10:45 AM to 12:00 PM
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1 Jay Street, Cambridge, (Riverside), MA, 02139

1 Jay Street, Cambridge, (Riverside), MA, 02139

17 rooms

6 beds

4 Full / 1 Half baths

1902

3,044 sqft

This 3-UNIT MULTIFAMILY situated in Cambridge's desirable and sought-after Riverside neighborhood offers consistent rental history and a compelling cap rate, making it ideal for investors, owner-occupants, or developers. The flexible layout provides the option for full tenancy or owner occupancy with quality rental income. Unit #1 is a 3BR/2BA split-level unit with a side brick patio area off of the living room. Unit #2 is a bright 2BR/1.5BA on the second floor. Unit #3 on the top floor is a cozy 1BR/1BA with a small balcony off of the kitchen. There is coin-operated laundry and extra storage on the first floor as you enter the building. The property is walking distance of Central Square (MBTA Red Line), MIT, Harvard, Whole Foods, Trader Joe's, the Charles River, and Memorial Drive. Effortless access to Boston renowned hospitals, Kendall Square's tech hub, Downtown Boston's financial district, the Mass Pike (I-90), and Logan Airport adds to the property's exceptional appeal!


Status:

Active

Town:

Cambridge

Type:

Multi-family

Units:

3

Zoning:

BA-3

Heating:

Baseboard, Natural Gas, Electric

Energy Features:

Thermostat

Basement:

Full, Bulkhead

Levels:

4

Parking:

On Street

Acreage:

0.05

Est. Taxes:

$9,697

Assessment

$1,527,100

Construction

Brick

Utilities

for Gas Range, for Gas Oven

Lot Description:

Corner Lot

Amenities:

Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University

Appliances:

Washer, Dryer, Range, Dishwasher, Microwave, Refrigerator, Range Hood

MLS #:

73450111


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of Christine Dillon, Coldwell Banker Realty - Newton 617-969-2447