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$3,100,000
Total Beds: 9 Total Baths: 6
Total Units: 3 SQFT: 3957
LOT size: 0.10 Acres
22 Madison Ave
Cambridge, MA 02140
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Property Description

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-bedroom, 2-bathroom 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, gas furnaces, and on-demand 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, this property offers incredible value-add potential with a newly approved plan to add a fourth floor or addition in accordance with Cambridge’s housing policy, significantly increasing future income. Boasting a 92 Bike Score, this prime location is just 0.5 miles to Alewife Station.

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 9
  • Total Full Baths: 6
  • Amenities: Bike Path, Conservation Area, Highway Access, Park, Public School, Public Transportation, T-Station, University, Walk/Jog Trails
  • Basement Features: Full, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Dishwasher, Dishwasher - ENERGY STAR, Disposal, Dryer, Dryer - ENERGY STAR, Freezer, Microwave, Range, Rangetop - ENERGY STAR, Refrigerator, Refrigerator - ENERGY STAR, Wall Oven, Washer, Washer - ENERGY STAR
  • Common Heating: Central Heat, Electric, Extra Flue, Gas, Heat Pump
  • Common Cooling: Central Air

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 107640
  • Gross Expenses: 6221
  • INSC: 4430
  • Miscellaneous Expense: 1791
  • Net Operating Income: 101419

Utilities

  • Heat Zones: 3
  • Cooling Zones: 3
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1923
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73491363
  • Last Updated: 03/25/26

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Map

Seller's Representative: Montivista Real Estate Group, eXp Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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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.

MLS PIN data last updated at 2026-03-25 11:03:00

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