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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| Year | Land | Building | Total | Change |
|---|---|---|---|---|
| FY2026 | $507,000 | $2,223,000 | $2,730,000 | — |
| Date | Price | Book/Page |
|---|---|---|
| Nov 7, 2023 | $10 | 82187/0138 |
Discrepancies found between MLS and assessor records.
| Field | Assessor | MLS | Match |
|---|---|---|---|
| Sqft | 5,692 | 3,957 | ✗ |
| Year built | 1,923 | 1,923 | ✓ |
22 Madison Ave, Cambridge MA 02140
Cambridge, MA 02140
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 03/25/2026 | 🏠 Listed for Sale | $3,100,000 | - | - | Original listing |
| 11/16/2021 | 🏷️ Previously Sold | $1,650,000 | - | - | MLS #72904770 |
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