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You are here:
Home Massachusetts Cambridge Multi-Family Homes for Sale

1 Jay Street Cambridge, MA 02139

55 Days on Boston Pads
Price Reduced $152,000
38 Photos
$1,998,000
3 Unit
6 Beds
5 Baths
3044 SQFT
0.05 Acre
1 Jay Street
Cambridge, MA 02139

Property Description

This 3-UNIT MULTIFAMILY situated in Cambridge's desirable and sought-after Riverside neighborhood offers consistent rental history and a compelling cap rate, making it ideal for investors, owner-occupants, or developers. The flexible layout provides the option for full tenancy or owner occupancy with quality rental income. Unit #1 is a 3BR/2BA split-level unit with a side brick patio area off of the living room. Unit #2 is a bright 2BR/1.5BA on the second floor. Unit #3 on the top floor is a cozy 1BR/1BA with a small balcony off of the kitchen. There is coin-operated laundry and extra storage on the first floor as you enter the building. The property is walking distance of Central Square (MBTA Red Line), MIT, Harvard, Whole Foods, Trader Joe's, the Charles River, and Memorial Drive. Effortless access to Boston renowned hospitals, Kendall Square's tech hub, Downtown Boston's financial district, the Mass Pike (I-90), and Logan Airport adds to the property's exceptional appeal!

Property Overview

Building Information

  • Total Units: 3
  • Total Floors: 4
  • Total Bedrooms: 6
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Amenities: Bike Path, Highway Access, House of Worship, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, Tennis Court, University, Walk/Jog Trails
  • Basement Features: Bulkhead, Full
  • Common Rooms: Kitchen, Living RM/Dining RM Combo, Office/Den
  • Common Interior Features: Bathroom With Tub & Shower, Pantry, Programmable Thermostat, Slider, Storage
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Vent Hood, Washer
  • Common Heating: Electric, Extra Flue, Forced Air, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Space Heater

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 118540
  • Gross Expenses: 17955
  • Electric Expenses: 351
  • Water/Sewer: 3318
  • INSC: 4395
  • Net Operating Income: 100585

Utilities

  • Electric Info: Individually Metered, Varies per Unit
  • Energy Features: Insulated Windows, Prog. Thermostat
  • Utility Connections: for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1902
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Brick
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Hardwood, Laminate
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73450111
  • Last Updated: 12/03/25
  • Terms: Contract for Deed, Rent w/Option

Date Event Price Price/Sq Ft Source
11/28/2025Active$1,998,000$656MLSPIN
11/24/2025Price Change$1,998,000$656MLSPIN
11/04/2025Active$2,150,000$706MLSPIN
10/31/2025New$2,150,000$706MLSPIN

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Map & Resources

Amigos School

Public Elementary School, Grades: PK-8

0.09mi

Blackstone South

University

0.24mi

Harvard University

University

0.24mi

Martin Luther King Jr. School

Public Elementary School, Grades: PK-5

0.28mi

Farr Academy

School

0.28mi

Putnam Avenue Upper School

Public Middle School, Grades: 6-8

0.28mi

Farr Academy School

Special Education, Grades: 7-12

0.28mi

Bright Horizons

Grades: PK-K

0.42mi

Cantab Lounge

Bar

0.3mi

Brick & Mortar

Bar

0.4mi

Andala Coffee House

Cafe

0.23mi

1369 Coffee House

Coffee Shop

0.31mi

Möge Tee Cambridge

Bubble Tea (Cafe)

0.37mi

Caffè Nero

Coffee Shop

0.38mi

Circus Cooperative Cafe

Sandwich & Coffee Shop

0.41mi

Pacific Street Cafe

Cafe

0.45mi

River Street Firehouse

Fire Station

0.02mi

Station 2

Fire Station

0.49mi

Cambridge Police Reporting Station

Police

0.34mi

Harvard University Police - Mather House Sub Station

Police

0.45mi

Starlight Square

Theatre

0.44mi

Central Square Theater

Theatre

0.45mi

Subcentral

Music Venue

0.35mi

Redline Fight Sports

Gym. Sports: Boxing, Kickboxing, Martial Arts

0.36mi

VIM Fitness

Fitness Centre

0.39mi

O2 Yoga

Fitness Centre. Sports: Yoga

0.41mi

YMCA

Sports Centre. Sports: Swimming

0.29mi

YWCA

Sports Centre

0.36mi

Pacific Street Dog Park

Dog Park

0.37mi

Hoyt Field

Municipal Park

0.04mi

Tubman Square

Municipal Park

0.06mi

Dana Park

Municipal Park

0.16mi

James Cronin Park

Municipal Park

0.2mi

McElroy Park

Municipal Park

0.22mi

Veterans of Foreign Wars Memorial Park

Municipal Park

0.23mi

Riverside Press Park

Municipal Park

0.24mi

Cooper Playground

Playground

0.41mi

Fulmore Playground

Playground

0.45mi

Cambridge Library Central Square Branch

Library

0.31mi

Wash & Dry

Laundry

0.14mi

Pearl Street Laundry and Dry Cleaning

Laundry

0.29mi

Apollo Travel & Tours

Travel Agency

0.3mi

Metropolitan Laundry

Laundry

0.44mi

Dr. Dental

Dentist

0.3mi

Courtyard Dental

Dentist

0.3mi

Central Square Eye Care

Optician

0.31mi

Target

Department Store

0.38mi

Black Sheep Market

Convenience

0.23mi

7-Eleven

Convenience

0.29mi

Star Variety

Convenience

0.3mi

Shell

Convenience

0.31mi

Convenience Plus

Convenience

0.32mi

First United Market

Convenience

0.43mi

Central Convenience Store

Convenience

0.45mi

River St @ Kelly Rd

64
70

0.04mi

River St opp Kinnaird St

64
70

0.05mi

Western Ave @ Howard St

64
70

0.09mi

Western Ave @ Kinnaird St

64
70

0.11mi

River St @ Fairmont St

64
70

0.14mi

Western Ave @ Putnam Ave

64
70

0.22mi

River St opp Blackstone St

64
70

0.25mi

Pearl St @ William St

47

0.26mi

Seller's Representative: Christine Dillon, Coldwell Banker Realty - Newton
MLS ID#: 73450111

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-12-03 16:14:00

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