Pending

Price cut: $255.6K (5/25)

$2,800,000

22 Madison Ave, Cambridge, MA 02140

9beds

3,957sqft

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3 Family - 3 Units Up/Down

Built in 1923

-- sqft lot

$2,687,800 Zestimate^®

$708/sqft

$-- HOA

What's special

High efficiency gas furnacesNew windowsQuartz countertopsOn-demand tankless hot waterHigh ceilingsPremium stainless steel appliancesElegant flooring throughout

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.

103 days

262

5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 6
Full bathrooms: 6

Heating

Central, Natural Gas

Cooling

Central Air

Appliances

Included: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Oven, Rangetop - ENERGY STAR

Features

Living Room, Kitchen, Laundry Room
Basement: Full,Unfinished
Has fireplace: No

Interior area

Total structure area: 3,957
Total interior livable area: 3,957 sqft
Finished area above ground: 3,957

Property

Parking

Total spaces: 3
Parking features: Off Street, Assigned, Driveway
Uncovered spaces: 3

Features

Patio & porch: Deck - Wood
Exterior features: Balcony

Lot

Size: 4,400 Square Feet
Features: Level

Details

Parcel number: 413135
Zoning: B

Construction

Type & style

Home type: MultiFamily
Property subtype: 3 Family - 3 Units Up/Down

Materials

Frame
Foundation: Block
Roof: Rubber

Condition

Year built: 1923

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Park, Walk/Jog Trails, Bike Path, Conservation Area, Highway Access, Public School, T-Station, University

Location

Region: Cambridge

Financial & listing details

Price per square foot: $708/sqft
Tax assessed value: $2,730,000
Annual tax amount: $18,735
Date on market: 3/25/2026
Total actual rent: 13807

Estimated market value

$2,687,800

$2.55M - $2.82M

$3,738/mo

Price history

Date	Event	Price
6/15/2026	Pending sale	$2,800,000$708/sqft
Source: MLS PIN #73491363 Report a problem
5/25/2026	Price change	$2,800,000-8.4%$708/sqft
Source: MLS PIN #73491363 Report a problem
4/28/2026	Price change	$3,055,555-1.4%$772/sqft
Source: MLS PIN #73491363 Report a problem
3/25/2026	Listed for sale	$3,100,000+5.1%$783/sqft
Source: MLS PIN #73491363 Report a problem
10/16/2025	Listing removed	$2,950,000$746/sqft
Source: MLS PIN #73414543 Report a problem
8/28/2025	Price change	$2,950,000-6.3%$746/sqft
Source: MLS PIN #73414543 Report a problem
8/6/2025	Listed for sale	$3,150,000+90.9%$796/sqft
Source: MLS PIN #73414543 Report a problem
11/16/2021	Sold	$1,650,000+5.4%$417/sqft
Source: MLS PIN #72904770 Report a problem
10/13/2021	Contingent	$1,565,000$396/sqft
Source: MLS PIN #72904770 Report a problem
10/6/2021	Listed for sale	$1,565,000$396/sqft
Source: MLS PIN #72904770 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$16,551 +81.1%	$2,606,500 +68.8%
2024	$9,141 +1.7%	$1,544,100 +0.7%
2023	$8,986 +6.8%	$1,533,500 +7.9%
2022	$8,414 +3.6%	$1,421,300 +2.3%
2021	$8,125 +1.7%	$1,388,900 -0.1%
2020	$7,991 +5%	$1,389,700 +8.5%
2019	$7,610 +10.3%	$1,281,200 +16.8%
2018	$6,898 -0.8%	$1,096,700 +2.3%
2017	$6,955 +3%	$1,071,600 +11%
2016	$6,751 +2.6%	$965,800 +14.8%
2015	$6,577 +3.7%	$841,000 +11.1%
2014	$6,344 -0.1%	$757,100 +3.3%
2013	$6,348 +2.1%	$733,000 0%
2012	$6,217 +3.9%	$733,100
2011	$5,982 +4.3%	$733,100 -1.3%
2010	$5,734 +1%	$742,700 -1.1%
2009	$5,677 +1.4%	$750,900 -1.3%
2008	$5,601 -2.9%	$761,000 -1.3%
2007	$5,769 -4.2%	$771,300 -5.5%
2006	$6,024 -5.6%	$816,200 -0.5%
2005	$6,380 +32.4%	$820,100 +29.9%
2004	$4,818 +20.9%	$631,400 +15%
2003	$3,986 +2.1%	$549,000 +1.5%
2002	$3,905 +10.2%	$540,900 +47.2%
2000	$3,542	$367,400 +30%
1999	--	$282,600

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