A rare North Cambridge offering combining strong in-place income with verified redevelopment potential. This fully leased two-family (tenants through 8/31/26) 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.
Listed by James Riel
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JR Associates
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617-913-4259
Last updated November 18, 2025
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Source: MLSPin #73455838
Listing Facts
TypeMulti-family
NeighborhoodNorth Cambridge
Bedrooms5
Bathrooms2
Days on Prevu1
Taxes$7,666/year
Size2,644 sqft
Price per sqft$624
Amenities
Private Outdoor Space
Parking
Location
Mortgage Calculator
Listing History
11/18/2025
Listed by JR Associates
$1,650,000
Property Details for 3 Seagrave Rd
Association
Amenities
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House Of Worship, Private School, Public School, T-Station, University
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