22 Madison Ave

Cambridge, MA 02140

About this property

Rare investment opportunity at this masterfully gut-renovated (2023) three-family building situated on a quiet one-way street in North Cambridge. This turnkey property features three spacious, identical 3-bed, 2-bath apartments boasting high ceilings, new windows, and elegant flooring throughout. Each designer unit is equipped with premium stainless steel appliances, quartz countertops, and dedicated high-efficiency systems including central AC, high efficiency gas furnaces, and on-demand tankless hot water. Investors will benefit from units being separately metered for all utilities and a heavy-duty fire sprinkler system with a dedicated storage tank. Beyond the massive basement storage, the property benefits from the potential of adding an additional floor or an ADU as permitted by Cambridge's new zoning regulation. It also has a 92 Bike Score, in this prime location just 0.5 miles to Alewife Station. Additionally it's a prime candidate for condo conversion.

About this property

Rare investment opportunity at this masterfully gut-renovated (2023) three-family building situated on a quiet one-way street in North Cambridge. This turnkey property features three spacious, identical 3-bed, 2-bath apartments boasting high ceilings, new windows, and elegant flooring throughout. Each designer unit is equipped with premium stainless steel appliances, quartz countertops, and dedicated high-efficiency systems including central AC, high efficiency gas furnaces, and on-demand tankless hot water. Investors will benefit from units being separately metered for all utilities and a heavy-duty fire sprinkler system with a dedicated storage tank. Beyond the massive basement storage, the property benefits from the potential of adding an additional floor or an ADU as permitted by Cambridge's new zoning regulation. It also has a 92 Bike Score, in this prime location just 0.5 miles to Alewife Station. Additionally it's a prime candidate for condo conversion.

Features and Additional Information

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$2,800,000 Pending
9 Bed(s)
6
Baths
3,957 sqft

Presented By Andrew Abu Inc Realtors

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eXp Realty LLC - Corporate Office
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Area Information

Middlesex | Middlesex County |

$ 2,800,000
This listing is play_arrow 50809.1% higher than the average in the area
$ 5,500 in the area
3,957 SqFt
This listing is play_arrow 162.0% larger than the average in the area
1,511 SqFt in the area
$ 708 $/SqFt
This listing is play_arrow 19307.0% more than the average in the area
$ 4 $/SqFt in the area
165 days on site
This listing is play_arrow 233.3% above the average in the area
50 days on site in the area

Schools in the Area

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Listed By Montivista Real Estate Group
Brokerage: eXp Realty LLC - Corporate Office

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