Active
2 Days on market
2 Cambridge Ter Cambridge — Photo 1 of 27

2 Cambridge Ter Cambridge — Photo 1 of 27

$3,400,000

2 Cambridge Ter, Cambridge, MA 02140

Cambridge, MA 02140 — Porter Square

Beds

6

Baths

3

SqFt

3,471

Style

3 Family

Built

1903

DEVELOPERS, BUILDERS & INVESTORS AND VISIONARY BUYERS!—RARE CAMBRIDGE OPPORTUNITY! Offered for the first time in over 60 years, this three-family property sits on a substantial 7,773 SF lot and presents a compelling combination of immediate income and potential future upside. The property currently features three residential units PLUS 18 off-street parking spaces, creating multiple income streams while a buyer evaluates the property's highest and best use. Opportunities offering this combination of land, existing multifamily income, and significant off-street parking are increasingly difficult to find in Cambridge. Continue operating as an income-producing asset, reposition the existing property, or investigate potential redevelopment, expansion, or additional-unit possibilities. Buyer to perform all due diligence regarding zoning, permitting, density, buildability, and development potential. Seller and listing broker make no representations or warranties regarding future development or additional units. Bring your architect, contractor, and vision!

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$980/sqft
Local Avg (Cambridge)$960/sqft
2% AboveMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Cambridge, MA.

Property Details

Financials

Original Price$3,400,000
Annual Taxes$15,741

Parking

Garage0
Off-Street18

Interior Specifications

Total Rooms15
FireplacesNone
FlooringTile, Hardwood
BasementFull

Climate & Utilities

HeatingNatural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofRubber
FoundationStone
ZoningC-1

Property & Lot

Acres0.18
SqFt Lot7,773
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Freezer • Oven

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Population

21,204

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$135K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

65.1%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Guy Contaldi

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73572556

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