A rare North Cambridge offering combining strong in-place income with verified redevelopment potential. This fully leased two-family (both tenants through 7/31/26) produces a solid 4.22% CAP rate, making it a reliable investment from day one. Even more compelling, a formal zoning analysis by Context Workshop Architects confirms the ability to demolish the existing structure and construct up to nine (9) residential units with roughly 10,000 sq ft of gross living area under current C-1 zoning. With only 5' front and side setbacks required and no parking minimums under Cambridge’s new multifamily zoning, this site offers a clear by-right path for a boutique development project. Located minutes to Alewife Station, the Minuteman Bike Path, and steps from the transformative 46-acre Cambridge Point redevelopment, this property sits in one of the most rapidly evolving and highly connected neighborhoods in the city. A perfect opportunity for developers or investors seeking long-term upside.
For sale
$1,650,000
3 Seagrave Rd, Cambridge, MA 02140
5beds
2,644sqft
Est.:
2 Family - 2 Units Up/Down
Built in 1950
-- sqft lot
$1,651,200 Zestimate®
$624/sqft
$-- HOA
What's special
- 36 days |
- 1,029 |
- 44 |
Zillow last checked: 8 hours ago
Listing updated: November 26, 2025 at 07:57am
Listed by:
James Riel 617-913-4259,
JR Associates 617-913-4259,
James Riel 617-913-4259
Source: MLS PIN,MLS#: 73455838
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Appliances
- Laundry: Gas Dryer Hookup
Features
- Flooring: Wood, Tile
- Windows: Insulated Windows
- Basement: Full,Walk-Out Access,Interior Entry,Concrete,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,644
- Total interior livable area: 2,644 sqft
- Finished area above ground: 2,644
Property
Parking
- Total spaces: 7
- Parking features: Off Street, Tandem, Paved
- Garage spaces: 2
- Uncovered spaces: 5
Features
- Patio & porch: Enclosed, Deck
- Exterior features: Rain Gutters, Garden
Lot
- Size: 3,780 Square Feet
- Features: Flood Plain, Level
Details
- Parcel number: M:00187 L:00036,413106
- Zoning: C-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 Family - 2 Units Up/Down
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1950
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service, 150 Amp Service, Individually Metered
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Gas Dryer
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
Location
- Region: Cambridge
Financial & listing details
- Price per square foot: $624/sqft
- Tax assessed value: $1,134,400
- Annual tax amount: $7,666
- Date on market: 11/18/2025
- Listing terms: Contract
- Total actual rent: 6900
Estimated market value
$1,651,200
$1.57M - $1.73M
$3,577/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/18/2025 | Listed for sale | $1,650,000+10.4%$624/sqft |
Source: MLS PIN #73455838 Report a problem | ||
| 12/23/2023 | Listing removed | $1,495,000$565/sqft |
Source: MLS PIN #73181054 Report a problem | ||
| 11/16/2023 | Listed for sale | $1,495,000+355.8%$565/sqft |
Source: MLS PIN #73181054 Report a problem | ||
| 9/23/1998 | Sold | $328,000$124/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,746 +7.9% | $1,219,900 +0.6% |
| 2024 | $7,176 +7.9% | $1,212,100 +6.8% |
| 2023 | $6,648 +5% | $1,134,400 +6.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$10,398/mo
Principal & interest
$8431
Property taxes
$1389
Home insurance
$578
Climate risks
Neighborhood: North Cambridge
Nearby schools
GreatSchools rating
- 7/10Peabody SchoolGrades: PK-5Distance: 0.7 mi
- 8/10Rindge Avenue Upper SchoolGrades: 6-8Distance: 0.7 mi
- 8/10Cambridge Rindge and Latin SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Wild Rose
- Middle: Rindge Avenue
- High: Rindge Avenue
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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