$1,650,000

3 Seagrave Rd, Cambridge, MA 02140

  • 5 beds |
  • 2 baths |
  • 2,644 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $624/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Date Added:
November 18, 2025 at 06:00AM
Listing Office:
JR Associates : 617-913-4259
Listing Agent:
James Riel : 617-913-4259
MLS ID:
73455838
  • Laundry: Gas Dryer Hookup
  • Basement: FullWalk-Out AccessInterior EntryConcreteUnfinished
  • Flooring: WoodTile
  • Fireplace: Fireplaces: 0
  • General: Rain GuttersGarden
  • Parking: Off StreetTandemPaved
  • Roofing: Shingle
  • Windows: Insulated Windows
  • General: Frame3Concrete Perimeter
  • Road/Access: Public
  • Originating MLS: MLS Property Information Network
  • County: Middlesex
  • Zoning: C-1M:00187 L:00036413106
  • Utilities: for Gas Rangefor Gas DryerCircuit Breakers100 Amp Service150 Amp ServiceIndividually Metered
  • Water: Public
  • Sewer: Public Sewer
  • Source: MLS Property Information Network

This listing courtesy of James Riel, JR Associates

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Peabody

70 Rindge Ave, Cambridge, MA, 02140

Grades PK-5

0.72 miles away

R

Rindge Avenue Upper School

70 Rindge Ave, Cambridge, MA, 02140

Grades 6-8

0.72 miles away

C

Cambridge Rindge and Latin

459 Broadway, Cambridge, MA, 02138

Grades 9-12

2.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.