
2 Cambridge Ter Cambridge — Photo 1 of 27
$3,400,000
2 Cambridge Ter, Cambridge, MA 02140
Cambridge, MA 02140 — Porter Square
Beds
6
Baths
3
SqFt
3,471
Style
3 Family
Built
1903
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!
Market Value Analysis
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Cambridge, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Refrigerator • Freezer • Oven
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Population
21,204
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$135K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
65.1%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Middlesex County
2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: Guy Contaldi
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73572556
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