Price Reduced 1.43%

$3,055,555 ($772.19 per sqft)

Est. Mortgage $15,051/mo *

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22 Madison Ave, Cambridge, MA, 02140

22 Madison Ave, Cambridge, MA, 02140
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15 rooms

9 beds

6 Full baths

1923

3,957 sqft

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.

Status:

Active

Type:

Multi-family

Units:

3

Zoning:

B

Heating:

Central, Natural Gas

Cooling:

Central Air

Basement:

Full, Unfinished

Levels:

3

Parking:

3-car, Off Street, Assigned, Driveway

Acreage:

0.1

Est. Taxes:

$18,735

Assessment

$2,730,000

Construction

Frame

Lot Description:

Level

Amenities:

Public Transportation, Park, Walk/Jog Trails, Bike Path, Conservation Area, Highway Access, Public School, T-Station, University

Appliances:

Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Oven, Rangetop - ENERGY STAR

MLS #:

73491363

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Montivista Real Estate Group, eXp Realty 888-854-7493