22 Madison Ave, Cambridge MA 02140
Cambridge, MA 02140
$3,100,000
$2,800,000
Est. $15,920/month
About this home
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.
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Recently Sold Nearby
Property History
Market Insights
2
Price Changes
46.8%
Price Range
1
Previous Sales
Property Timeline
Pending Sale
Jun 15, 2026
Offer accepted, sale pending
Price Reduced
May 25, 2026
$2,800,000
$255,555
(-8.36%)
From $3,055,555 to $2,800,000 (-8.4%)
Price Reduced
Apr 28, 2026
$3,055,555
$44,445
(-1.43%)
From $3,100,000 to $3,055,555 (-1.4%)
Listed for Sale
Mar 25, 2026
$3,100,000
Original listing
Agent: Montivista Real Estate Group
Office: eXp Realty
Previous Transaction - MLS #72904770
Full transaction history available when tracking began
Previously Sold
Nov 16, 2021
$1,650,000
MLS #72904770
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/15/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 05/25/2026 | ↓ Price Reduced | $2,800,000 | $255,555 | - | From $3,055,555 to $2,800,000 (-8.4%) |
| 04/28/2026 | ↓ Price Reduced | $3,055,555 | $44,445 | - | From $3,100,000 to $3,055,555 (-1.4%) |
| 03/25/2026 | 🏠 Listed for Sale | $3,100,000 | - | - | Original listing |
| 11/16/2021 | 🏷️ Previously Sold | $1,650,000 | - | - | MLS #72904770 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $18,735 | $2,730,000 |
Financial Details
Annual Property Tax
$18,735
Tax Year 2026
Assessed Value
$2,730,000
Facts & Features
Central AC
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1923
Living Area
3,957 sq ft
Lot Size
0.10 acres
Bedrooms
9
Full Baths
6
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$4,900/mo · Y
Unit 2 Rent
$4,800/mo · Y
Unit 3 Rent
$4,107/mo · Y
Total Monthly Rent
$13,807/mo
Gross Income
$165,684
Net Operating Income
$159,463
Operating Expenses
$6,221
Insurance Expense
$4,430
Cap Rate
5.70%
Interior
Heating
Central, Natural Gas
Cooling
Central Air
Flooring
None
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
Fireplace
None
Basement
Full, Unfinished
Laundry
None
Features
Living Room, Kitchen, Laundry Room
Exterior
Construction
Frame
Architecture
None
Roof
Rubber
Features
Balcony
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck - Wood
Parking
Features
Off Street, Assigned, Driveway
Total Spaces
3
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$18,735
Assessed Value
$2,730,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
82 days
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
Sale Pending
Year Built
1923
Bedrooms
9
Full Bathrooms
6
Living Area
3,957 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,957 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck - Wood
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
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:
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
Interior Features:
Living Room, Kitchen, Laundry Room
Windows:
Basement:
Full, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1923
Structure Type:
Exterior Materials:
Frame
Roof:
Rubber
Foundation:
Block
Stories:
3
Heating, Cooling & Utilities
Heating:
Central, Natural Gas
Heating Zones:
3
Cooling:
Central Air
Cooling Zones:
3
Hot Water:
Natural Gas, Tankless
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony
Patio & Porch:
Deck - Wood
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Total Parking Spaces:
3
Parking Features:
Off Street, Assigned, Driveway
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
Lycee International de Boston/International School of Boston, Inc.
0.3 mi
Grades 01-12
A
Benjamin Banneker Charter Public School
0.6 mi
|
#100 of 824
|
Score: 59.4
Dropped 79 spots from last year
+1.2 above state avg
352 students
Less Diverse
Grades PK-06
Cambridge Friends School
0.9 mi
Grades PK-08
Cambridge Montessori School
1.0 mi
Grades PK-06
Fayerweather Street School
1.1 mi
Grades PK-08
St. Peter Elementary School
1.3 mi
Grades PK-08
Shady Hill School
2.0 mi
Grades PK-08
C
Prospect Hill Academy Charter School
2.9 mi
|
#253 of 346
|
Score: 45.9
Improved 29 spots from last year
-12.3 below state avg
890 students
Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Diverse Student Body
Grades PK-12
A
Amigos School
2.9 mi
|
#45 of 352
|
Score: 57.8
Improved 14 spots from last year
-0.5 below state avg
413 students
Diverse
Diverse Student Body
Grades PK-08
International School of Boston
0.3 mi
Grades PK-K
Middle Schools
5 schools
Allium Montessori School
1.7 mi
Grades 01-06
A
Rindge Avenue Upper School
0.7 mi
|
#67 of 352
|
Score: 54.3
Dropped 2 spots from last year
-3.9 below state avg
292 students
Diverse
Diverse Student Body
Grades 06-08
A-
Putnam Avenue Upper School
2.6 mi
|
#103 of 352
|
Score: 49.1
Dropped 24 spots from last year
-9.1 below state avg
283 students
Very Diverse
Diverse Student Body
Grades 06-08
C+
Cambridge Street Upper School
3.0 mi
|
#214 of 352
|
Score: 39.8
Dropped 26 spots from last year
-18.4 below state avg
301 students
Very Diverse
Diverse Student Body
Grades 06-08
B+
Darby Vassall Upper School
3.3 mi
|
#118 of 352
|
Score: 47.5
Improved 26 spots from last year
-10.7 below state avg
298 students
Very Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
3 schools
Farr Academy School
3.0 mi
Grades 07-12
NuVu Innovation School
3.1 mi
Grades 08-12
B-
Community Charter School of Cambridge
3.4 mi
|
#178 of 346
|
Score: 53.1
Dropped 57 spots from last year
-5.2 below state avg
251 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
22 Madison Ave, Cambridge MA 02140
Cambridge, MA 02140
Listing Information
Listing Agent
Montivista Real Estate Group
Listing Office
eXp Realty LLC - Corporate Office
Office Phone
888-854-7493
Agent MLS ID
TM346541
Office MLS ID
AC0342
Listing Data Updated
Aug 6, 2026 2:54 PM 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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