DEVELOPERS, BUILDERS & INVESTORS AND VISIONARY BUYERS!—RARE CAMBRIDGE OPPORTUNITY! Offered for the first time in over 60 years, this three-family property sits on a substantial 7,773 SF lot and presents a compelling combination of immediate income and potential future upside. The property currently features three residential units PLUS 18 off-street parking spaces, creating multiple income streams while a buyer evaluates the property's highest and best use. Opportunities offering this combination of land, existing multifamily income, and significant off-street parking are increasingly difficult to find in Cambridge. Continue operating as an income-producing asset, reposition the existing property, or investigate potential redevelopment, expansion, or additional-unit possibilities. Buyer to perform all due diligence regarding zoning, permitting, density, buildability, and development potential. Seller and listing broker make no representations or warranties regarding future development or additional units. Bring your architect, contractor, and vision!
For sale
$3,400,000
2 Cambridge Ter, Cambridge, MA 02140
6beds
3,471sqft
3 Family
Built in 1903
-- sqft lot
$-- Zestimate®
$980/sqft
$-- HOA
What's special
- 3 days
- 287
- 11
Zillow last checked:
Listing updated:
Listed by:
Guy Contaldi 617-201-0247,
REMAX Andrew Realty Services 781-395-7676
Source: MLS PIN,MLS#: 73572556
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Range, Dishwasher, Disposal, Refrigerator, Freezer, Oven
Features
- Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo
- Flooring: Tile, Hardwood
- Windows: Insulated Windows
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 3,471
- Total interior livable area: 3,471 sqft
- Finished area above ground: 3,471
Property
Parking
- Total spaces: 18
- Parking features: Paved Drive, Off Street
- Uncovered spaces: 18
Features
- Patio & porch: Deck - Composite
- Exterior features: Balcony/Deck, Balcony
Lot
- Size: 7,773 Square Feet
- Features: Corner Lot, Level
Details
- Parcel number: M:0201 L:0064,414530
- Zoning: C-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Foundation: Stone
- Roof: Rubber
Condition
- Year built: 1903
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Community & HOA
Community
- Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, House of Worship, Private School, Public School, T-Station, University
Location
- Region: Cambridge
Financial & listing details
- Price per square foot: $980/sqft
- Tax assessed value: $2,359,900
- Annual tax amount: $15,741
- Date on market: 9/7/2026
- Total actual rent: 10588
Estimated market value
Not available
Estimated sales range
Not available
$3,639/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/7/2026 | Listed for sale | $3,400,000$980/sqft |
Source: MLS PIN #73572556 Report a problem | ||
| 12/30/2020 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 11/24/2020 | Listed for rent | $2,500-10.7%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 7/20/2020 | Listing removed | $2,800$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 7/9/2020 | Price change | $2,800+3.7%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 7/4/2020 | Listed for rent | $2,700$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/25/2019 | Listing removed | $2,700$1/sqft |
Source: Abundant Real Estate Report a problem | ||
| 9/17/2019 | Price change | $2,700-11.5%$1/sqft |
Source: Abundant Real Estate Report a problem | ||
| 9/3/2019 | Listed for rent | $3,050$1/sqft |
Source: Abundant Real Estate Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,515 +7.4% | $2,285,800 +0.1% |
| 2024 | $13,515 +5.5% | $2,282,900 +4.4% |
| 2023 | $12,815 +7.4% | $2,186,800 +8.5% |
| 2022 | $11,932 +4.3% | $2,015,500 +3% |
| 2021 | $11,443 +3.3% | $1,956,100 +1.5% |
| 2020 | $11,079 +7.2% | $1,926,800 +10.8% |
| 2019 | $10,332 +3.6% | $1,739,400 +9.7% |
| 2018 | $9,974 +1.9% | $1,585,700 +5.1% |
| 2017 | $9,791 +4.1% | $1,508,700 +12.2% |
| 2016 | $9,401 +8% | $1,344,900 +20.8% |
| 2015 | $8,703 +6.5% | $1,112,900 +14.1% |
| 2014 | $8,174 -1.6% | $975,400 +1.7% |
| 2013 | $8,304 +2.1% | $958,900 |
| 2012 | $8,131 +11.9% | $958,900 +7.7% |
| 2011 | $7,264 +3.6% | $890,200 -1.9% |
| 2010 | $7,009 +1.3% | $907,900 -0.8% |
| 2009 | $6,920 +0.6% | $915,400 -2% |
| 2008 | $6,876 -2.1% | $934,200 -0.5% |
| 2007 | $7,024 +1.1% | $939,000 -0.3% |
| 2006 | $6,949 -2.3% | $941,600 +3.1% |
| 2005 | $7,109 +22.4% | $913,700 +20.1% |
| 2004 | $5,806 +15.6% | $761,000 +10% |
| 2003 | $5,022 +2.1% | $691,800 +1.5% |
| 2002 | $4,921 +1.4% | $681,600 +35.4% |
| 2000 | $4,852 | $503,300 +25% |
| 1999 | -- | $402,600 |
Find assessor info on the county website
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Neighborhood: Peabody
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