2 Cambridge Ter, Cambridge MA 02140
Cambridge, MA 02140 • Porter Square
$3,400,000
Est. $18,704/month
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About this home
DEVELOPERS, BUILDERS & INVESTORS AND VISIONARY BUYERS!—RARE CAMBRIDGE OPPORTUNITY! Offered for the first time in over 60 years, this three-family property sits on a substantial 7,773 SF lot and presents a compelling combination of immediate income and potential future upside. The property currently features three residential units PLUS 18 off-street parking spaces, creating multiple income streams while a buyer evaluates the property's highest and best use. Opportunities offering this combination of land, existing multifamily income, and significant off-street parking are increasingly difficult to find in Cambridge. Continue operating as an income-producing asset, reposition the existing property, or investigate potential redevelopment, expansion, or additional-unit possibilities. Buyer to perform all due diligence regarding zoning, permitting, density, buildability, and development potential. Seller and listing broker make no representations or warranties regarding future development or additional units. Bring your architect, contractor, and vision!
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 7, 2026
$3,400,000
Original listing
Agent: Guy Contaldi
Office: REMAX Andrew Realty Services
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/07/2026 | 🏠 Listed for Sale | $3,400,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $15,741 | $2,359,900 |
Financial Details
Annual Property Tax
$15,741
Tax Year 2026
Assessed Value
$2,359,900
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1903
Living Area
3,471 sq ft
Lot Size
0.18 acres
Stories
3
Bedrooms
6
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$3,700/mo · Y
Unit 2 Rent
$3,528/mo · Y
Unit 3 Rent
$3,360/mo
Total Monthly Rent
$10,588/mo
Gross Income
$127,056
Net Operating Income
$127,056
Cap Rate
3.74%
Interior
Heating
Natural Gas
Cooling
Window Unit(s)
Flooring
Tile, Hardwood
Appliances
Range, Dishwasher, Disposal, Refrigerator, Freezer, Oven
Fireplace
None
Basement
Full
Laundry
None
Features
Living Room, Dining Room, Kitchen, Living Rm/dining Rm Combo
Exterior
Construction
None
Architecture
None
Roof
Rubber
Features
Balcony/deck, Balcony
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck - Composite
Parking
Features
Paved Drive, Off Street
Total Spaces
18
Utilities
Electric
200+ Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$15,741
Assessed Value
$2,359,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Parking Income $4, 500 A Month Total Yearly Income $181, 056
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1903
Bedrooms
6
Full Bathrooms
3
Living Area
3,471 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,471 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck - Composite
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Hardwood
Appliances:
Range, Dishwasher, Disposal, Refrigerator, Freezer, Oven
Interior Features:
Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo
Windows:
Insulated Windows
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1903
Structure Type:
Exterior Materials:
Roof:
Rubber
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Natural Gas
Cooling:
Window Unit(s)
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck, Balcony
Patio & Porch:
Deck - Composite
Fencing:
Other Structures:
Lot Features:
Corner Lot, Level
Road Surface:
Parking & Garage
Total Parking Spaces:
18
Parking Features:
Paved Drive, Off Street
Nearby Schools
School District
Cambridge School District local
A-
Where Graduates Go
Class of 2021
65%
attend college
58%
4-Year
7%
2-Year
23%
Out of State
7%
Working
School Safety
2024-25
1.2%
Low
0.8%
Suspensions
0.2%
In-School
0.4%
Emergency
4.3% below state avg
Elementary Schools
10 schools
Cambridge Friends School
0.4 mi
Grades PK-08
Cambridge Montessori School
0.6 mi
Grades PK-06
A
Benjamin Banneker Charter Public School
0.6 mi
|
#105 of 825
|
Score: 59.1
Dropped 84 spots from last year
+0.9 above state avg
344 students
Less Diverse
Grades PK-06
St. Peter Elementary School
0.6 mi
Grades PK-08
Lycee International de Boston/International School of Boston, Inc.
1.1 mi
Grades 01-12
Shady Hill School
1.5 mi
Grades PK-08
Fayerweather Street School
1.7 mi
Grades PK-08
C
Prospect Hill Academy Charter School
1.8 mi
|
#246 of 346
|
Score: 47.4
Improved 36 spots from last year
-10.8 below state avg
888 students
Diverse
Rising School
College Ready Curriculum
Diverse Student Body
Grades PK-12
A
Amigos School
1.9 mi
|
#46 of 352
|
Score: 57.6
Improved 13 spots from last year
-0.6 below state avg
421 students
Diverse
Diverse Student Body
Strong Attendance
Grades PK-08
A-
Graham and Parks School
0.4 mi
|
#238 of 825
|
Score: 52.9
Improved 7 spots from last year
-5.3 below state avg
323 students
Very Diverse
Diverse Student Body
Grades PK-05
Middle Schools
5 schools
Allium Montessori School
0.7 mi
Grades 01-06
A
Rindge Avenue Upper School
0.4 mi
|
#66 of 352
|
Score: 54.0
Dropped 1 spots from last year
-4.2 below state avg
278 students
Diverse
Diverse Student Body
Strong Attendance
Grades 06-08
A-
Putnam Avenue Upper School
1.6 mi
|
#104 of 352
|
Score: 49.2
Dropped 25 spots from last year
-9 below state avg
286 students
Very Diverse
Diverse Student Body
Grades 06-08
B-
Cambridge Street Upper School
1.9 mi
|
#207 of 352
|
Score: 39.9
Dropped 19 spots from last year
-18.3 below state avg
317 students
Very Diverse
Diverse Student Body
Grades 06-08
B+
Darby Vassall Upper School
2.2 mi
|
#119 of 352
|
Score: 47.6
Improved 25 spots from last year
-10.6 below state avg
296 students
Very Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
3 schools
Farr Academy School
2.0 mi
Grades 07-12
NuVu Innovation School
2.0 mi
Grades 08-12
B-
Community Charter School of Cambridge
2.4 mi
|
#205 of 346
|
Score: 51.9
Dropped 84 spots from last year
-6.3 below state avg
244 students
Diverse
7 sports
• 202 athletes
High Graduation Rate
College Ready Curriculum
Grades 06-12
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Location
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Neighborhood
Porter Square
2 Cambridge Ter, Cambridge MA 02140
Cambridge, MA 02140
Listing Information
Listing Agent
Guy Contaldi
Listing Office
REMAX Andrew Realty Services
Office Phone
781-395-7676
Agent MLS ID
BB923086
Office MLS ID
AC2354
Listing Data Updated
Sep 7, 2026 11:02 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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