7 Richard Ave Cambridge MA 02140 MLS #73357234

7 Richard Ave
Cambridge, MA, 02140
$2,050,000
9 Beds
3 Baths
4,976 SqFt
0.09 Acres
$2,050,000
7 Richard Ave
Cambridge, MA, 02140
Rare-to-market BRICK 3-family opportunity in North Cambridge on a nearly 4K lot w/ 3700 sqft of living area, front & back porches & patio, and driveway offers a huge upside to end-users, investors, & developers alike! Impeccably well-maintained, each unit boasts 3 beds/1 bath w/ hardwoods, updated kitchens, & classic front-to-back layouts including adjoining living & dining rooms. Tenants enjoy exclusive-use laundry in the basement, along with ample private storage. Each unit is leased through 8/31/25, generating a combined monthly rent of $8,610 (**under market rents**). Additional highlights include a shared patio, a storage shed, and a paved driveway w/ carport for 3 cars. All this on a tree-lined street near Alewife, Davis Square, Tufts, Mass Ave, and the Minuteman Bikeway. Ideal for investors, 1031 exchanges, or future condo conversion. A solid Cambridge investment in a prime location!

Property Details

Price:
$2,050,000
MLS #:
73357234
Status:
Active Under Contract
Beds:
9
Baths:
3
Address:
7 Richard Ave
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
Neighborhood:
North Cambridge
City:
Cambridge
Listed Date:
Apr 9, 2025
State:
MA
Finished Sq Ft:
4,976
Total Sq Ft:
4,976
ZIP:
02140
Lot Size:
3,933 sqft / 0.09 acres (approx)
Year Built:
1928
Units:
3

Schools

Interior

Appliances
Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Bathrooms
3 Full Bathrooms
Cooling
Window Unit(s)
Flooring
Hardwood
Heating
Hot Water, Steam

Exterior

Community Features
Public Transportation, Shopping, Park, Highway Access, Public School, T- Station, Sidewalks
Construction Materials
Brick
Exterior Features
Balcony
Other Structures
Shed(s)
Parking Features
Paved Drive, Off Street, Tandem, Driveway
Parking Spots
3
Roof
Rubber

Financial

Net Operating Income
$96,905
Tax Year
2025
Taxes
$11,855
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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Courtesy of Keller Williams Realty Boston-Metro | Back Bay. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.
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7 Richard Ave
Cambridge, MA