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3 Family at 2 Cambridge Ter, Cambridge MA 02140, Cambridge
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27 photos

$3,400,000

2 Cambridge Ter, Cambridge MA 02140
Cambridge, MA 02140
Listed by Guy Contaldi
Bedrooms
6
Bathrooms
3
Living area
3,471 sqft
Year built
1903

About this home

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!

Property details

MLS #
73572556
Property type
3 Family
Subdivision
N/A
Status
Active
Days on market
17
On market date
September 7, 2026
Stories
3
Total bathrooms
3
Garage spaces
N/A
Parking spaces
18
Lot size
0.18 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
John F Kennedy
0.35 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
436
Student:teacher ratio
13.2:1
District
Somerville
Middle
Rindge Avenue Upper School
0.41 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
262
Student:teacher ratio
8.2:1
District
Cambridge
High
Cambridge Rindge and Latin
1.1 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,867
Student:teacher ratio
8.6:1
District
Cambridge

Walkability

Blended score for Cambridge's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

86
Highly walkable
out of 100
EPA National Walkability Index
15.2 / 20 -- Above average walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies6

Market position

How this listing compares to current activity in Cambridge, from live MLS data.

On the market 17 days -- 72 fewer days than Cambridge's current average of 89 days.
For reference, the median list price across 919 active listings in Cambridge right now is $5,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$20,625/mo
$680,000 down
$2,720,000 loan
Principal & interest$17,642
Property tax (est.)$2,833
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 14 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.