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3 Seagrave RdCambridge, MA 02140

For Sale

$1,650,000

Smart Buyer Rebate $8,250

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

Exterior

Construction

  • Number Of Units Total: 2
  • Roof: Shingle
  • Stories: 3
  • Stories Total: 3
  • Window Features: Insulated Windows
  • Year Built: 1950
  • Year Built Details: Renovated Since
  • Construction Materials: Frame
  • Exterior Features: Rain Gutters, Garden

Features

  • Patio And Porch Features: Enclosed, Deck
  • Road Frontage Type: Public

Measurements

  • Building Area Total: 2,644
  • Building Area Units: Square Feet
  • Lot Features: Flood Plain, Level
  • Lot Size Acres: 0.09
  • Lot Size Area: 0
  • Lot Size Square Feet: 3,780
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $82,800.00
  • Operating Expense: $13,228.00

Taxes

  • Parcel Number: M:00187 L:00036,413106
  • Tax Annual Amount: $7,666.00
  • Tax Assessed Value: $1,134,400.00
  • Tax Year: 2025

Interior

Features

  • Flooring: Wood, Tile

Measurements

  • Living Area: 2,644
  • Living Area Source: Public Record

Rooms

  • Basement: Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 5
  • Rooms Total: 17

Parking

Parking

  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage: Yes
  • Open Parking: Yes
  • Parking Features: Off Street, Tandem, Paved
  • Parking Total: 5

Schools

Elementary School

  • Elementary School: Wild Rose

High School

  • High School: Rindge Avenue

Middle or Junior School

  • Middle Or Junior School: Rindge Avenue

Utilities

Equipment

  • Electric: Circuit Breakers, 100 Amp Service, 150 Amp Service, Individually Metered
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer
  • Utilities: For Gas Range, For Gas Dryer
  • Water Source: Public

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.