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35 Days on Jacob RealtyPrice Reduced $44,445
25
$3,055,555
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-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.

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: 04/28/26

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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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MLS PIN data last updated at 2026-04-28 08:27:00