****Property is Under Agreement***** Open Houses for this weekend are cancelled.This 2-family property has been in the same family since it was first built in 1928. A solid brick structure with great "bones", high ceilings, 2 fireplaces and has loads of potential for expansion in both the attic and basement levels. A perfect property for a handy person looking to create instant equity by living in one unit, making improvements while collecting rent from the other unit or, a perfect opportunity for an investor or developer to expand the living spaces and convert to luxury condo units. There is a 2 car garage and extra parking spaces in the driveway, a covered back porch on the first and second level This is a very convenient location to shopping, public transportation and highway access.
Sale Statistics
Sale Overview
Original List Price:$1,525,000
Final Sale Price:$1,850,000
Difference:
+$325,000 (+21.3%)
Performance Metrics
121.3%
List to Sale Ratio
Sold above asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$527
Sale $/sq ft:$639
This property sold for $639 per square foot
Sale Summary
This property sold for 21.3% above the original asking price, indicating strong buyer demand.
With only 15 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
Multi Family
Property Category
Residential Income
Year Built
1928
Bedrooms
4
Full Bathrooms
2
Living Area
2,895 sq ft
Total Rooms
11
Stories
2
Levels
2
Interior Features
Flooring
Wood, Vinyl, Varies, Hardwood
Heating
Steam, Natural Gas, Individual, Unit Control
Has Heating
Yes
Fireplace Features
Wood Burning
Has Fireplace
Yes
Number of Fireplaces
2
Appliances
Range, Dishwasher, Refrigerator
Interior Features
Pantry, Storage, Bathroom With Tub & Shower, Walk-Up Attic, Living Room, Dining Room, Kitchen, Office/Den
Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, Sidewalks
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$9,216
Tax Year
2025
Tax Assessed Value
$1,451,400
Parcel Number
M:00185 L:00043,412997
Zoning
B
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Both units are occupied by family and will be delivered vacant at closing. Rents represented are estimates. Heating radiator in one bedroom has been removed. One boiler is very old - some asbestos in basement heat pipes
Location
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Neighborhood
27 Alewife Brook Pkwy, Cambridge MA 02140
Cambridge, MA 02140
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$768
Homeowners Insurance$200
PMI$0
Property History
Market Insights
17.6%
Price Range
17
Total Days on Market
Property Timeline
✓
Sold
Aug 26, 2025
$1,850,000
Property sold
Days on Market: 17
🏠
Listed for Sale
May 21, 2025
$1,525,000
Original listing
Agent: Peter CoteOffice: Coldwell Banker Realty - Cambridge
