$2,150,000

1 Jay Street, Cambridge, MA 02139

6 beds |
5 baths |
3,044 sqft

Multi-Family Home
Built in 1902
2,178sqft lot
—— car garage
$706/sqft
Listed 6 days ago

Property Description

This rare 3-unit multifamily situated on a corner lot in Cambridge's desirable and sought-after Riverside neighborhood offers consistent rental history and a compelling cap rate, making it ideal for investors, owner-occupants, or developers. The flexible layout provides the option for full tenancy or owner occupancy with quality rental income. Unit #1 is a 3BR/2BA split-level with a private brick patio. Unit #2 is a bright 2BR/1.5BA on the second floor. Unit #3 is a 1BR/1BA with a balcony, and is currently occupied (TAW) but will be delivered vacant. There is coin-operated laundry and extra storage on the first floor as you enter the building. The property is walking distance of Central Square (MBTA Red Line), MIT, Harvard, Whole Foods, Trader Joe's, the Charles River, and Memorial Drive. Effortless access to Boston renowned hospitals, Kendall Square's tech hub, Downtown Boston's financial district, the Mass Pike (I-90), and Logan Airport adds to the property's exceptional appeal!

Listing Status:: Active
Date Added:: October 31, 2025 at 05:00AM
Listing Office:: Coldwell Banker Realty - Newton : 617-969-2447
Listing Agent:: Christine Dillon : 917-687-8944
MLS ID:: 73450111

General: StorageWalk-In Closet(s)Laundry RoomPantryBathroom With Tub & ShowerOpen FloorplanSmart ThermostatSliderKitchenLiving RM/Dining RM ComboOffice/Den
Appliances: WasherDryerRangeDishwasherMicrowaveRefrigeratorRange Hood
Basement: FullBulkhead
Flooring: VariesLaminateHardwood
Heating: BaseboardNatural GasElectric
Fireplace: Fireplaces: 0
Eco/Green Feature: Thermostat

General: Balcony/DeckBalconyRain Gutters
Parking: On Street

Roofing: ShingleRubber
Windows: Insulated WindowsScreens
General: Brick4Stone

Road/Access: Public
Originating MLS: MLS Property Information Network
County: Middlesex

Zoning: BA-3407760
Fencing: Fenced/EnclosedFenced

Utilities: for Gas Rangefor Gas OvenIndividually MeteredVaries per Unit
Water: Public
Sewer: Public Sewer

Source: MLS Property Information Network

This listing courtesy of Christine Dillon, Coldwell Banker Realty - Newton

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Amigos School

15 Upton St, Cambridge, MA, 02139

Grades PK-8

0.09 miles away

Amigos School

15 Upton St, Cambridge, MA, 02139

Grades PK-8

0.09 miles away

Cambridge Rindge and Latin

459 Broadway, Cambridge, MA, 02138

Grades 9-12

0.74 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.