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

3 Seagrave Rd Cambridge, MA 02140

$1,650,000
2 Unit
5 Beds
2 Baths
2644 SQFT
0.09 Acre
3 Seagrave Rd
Cambridge, MA 02140

Property Description

A rare North Cambridge offering combining strong in-place income with verified redevelopment potential. This fully leased two-family (both tenants through 7/31/26) produces a solid 4.22% CAP rate, making it a reliable investment from day one. Even more compelling, a formal zoning analysis by Context Workshop Architects confirms the ability to demolish the existing structure and construct up to nine (9) residential units with roughly 10,000 sq ft of gross living area under current C-1 zoning. With only 5' front and side setbacks required and no parking minimums under Cambridge’s new multifamily zoning, this site offers a clear by-right path for a boutique development project. Located minutes to Alewife Station, the Minuteman Bike Path, and steps from the transformative 46-acre Cambridge Point redevelopment, this property sits in one of the most rapidly evolving and highly connected neighborhoods in the city. A perfect opportunity for developers or investors seeking long-term upside.

Property Overview

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Amenities: Bike Path, Conservation Area, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement, Walk Out
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 82800
  • Gross Expenses: 13228
  • Net Operating Income: 69572

Utilities

  • Heat Zones: 2
  • Electric Info: 100 Amps, 150 Amps, Circuit Breakers, Individually Metered, Other (See Remarks), Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Dryer, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1950
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Tile, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73455838
  • Last Updated: 11/26/25
  • Terms: Contract for Deed, Rent w/Option

Date Event Price Price/Sq Ft Source
11/22/2025Active$1,650,000$624MLSPIN
11/18/2025New$1,650,000$624MLSPIN
01/02/2024Expired$1,495,000$565MLSPIN
11/20/2023Active$1,495,000$565MLSPIN
11/16/2023New$1,495,000$565MLSPIN

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Map & Resources

International School of Boston

Private School, Grades: PK-K

0.34mi

Lycee International de Boston/International School of Boston, Inc.

Private School, Grades: 1-12

0.34mi

Bright Horizons

Grades: PK-K

0.35mi

Matignon High School

Private School, Grades: 9-12

0.4mi

Barismo

Cafe. Offers: Vegetarian

0.43mi

Olympic Pizza

Pizzeria

0.43mi

The Scoop 'n Scootery

Ice Cream Parlor

0.26mi

Menotomy Grill and Tavern

Pub Restaurant

0.17mi

Maria's Pizzeria and Grille

Pizzeria

0.21mi

Arlington Diner

Restaurant. Offers: Vegetarian

0.32mi

Za Pizza

Pizzeria

0.33mi

Fattoush Restaurant

Lebanese Restaurant

0.34mi

Sleepy Dog Vetinary

Veterinary

0.27mi

Somerville Fire Department

Fire Station

0.61mi

Clay Dreams

Arts Centre

0.46mi

McCrehan Pool

Swimming Pool. Sports: Swimming

0.33mi

Cambridge Park Apartments Pool

Swimming Pool

0.45mi

Russell Field

Sports Centre. Sports: American Football

0.19mi

Samp Field

Sports Centre. Sports: Baseball

0.27mi

Comeau Field

Sports Centre. Sports: Baseball

0.35mi

Alewife Brook Reservation

State Park

0.01mi

Jerry's Pond

Nature Reserve

0.25mi

Alewife Brook Parkway

State Park

0.29mi

Alewife Brook Parkway

State Park

0.36mi

Mugar Wetlands

Nature Reserve

0.36mi

Alewife Brook Parkway

State Park

0.4mi

Thorndike Dog Park

Dog Park

0.3mi

Alewife Linear Park

Park

0.14mi

Magnolia Playground

Playground

0.21mi

Tot Lot

Playground

0.3mi

Woodstock Playground

Playground

0.4mi

Leader Bank

Bank

0.35mi

Cambridge Savings Bank

Bank

0.43mi

Perception Optical

Optician

0.18mi

New England Family Dental

Dentist

0.2mi

Arlington Family Dental

Dentist

0.26mi

Marino Center

Doctor

0.3mi

Arlington Vision

Optician

0.42mi

Massage Therapy Works

Massage

0.2mi

CVS Pharmacy

Pharmacy

0.17mi

Maida Pharmacy Compounding and Wellness

Pharmacy

0.32mi

Dagg's Convenience Store

Convenience

0.35mi

Friendly Corner

Convenience

0.43mi

Massachusetts Ave @ Lafayette St

350
77

0.16mi

Massachusetts Ave @ Route 16

350
77

0.16mi

Massachusetts Ave @ Magoun St

77

0.18mi

Massachusetts Ave @ Gladstone St

77

0.18mi

Massachusetts Ave @ Teel St

350
77

0.22mi

Massachusetts Ave @ Thorndike St

350
77

0.22mi

Massachusetts Ave @ Churchill Ave

77

0.27mi

Massachusetts Ave @ Cottage Park Ave

77

0.28mi

Seller's Representative: James Riel, JR Associates
MLS ID#: 73455838

© 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 2025-11-26 10:55:00

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