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.
Directions: Columbus Ave West, right onto Seagrave Rd (One way street!) Use GPS.
UnparsedAddress: 3 Seagrave Rd, Cambridge MA 02140
Community Information
Senior CommunityYN: No
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
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 2,644
Stories: 2.0
Lot Size: 3,920 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1950
Year Renovated: —
County: Middlesex County
APN: 1979365S
Home facts updated by county records on Jul 30, 2026
Other
Miscellaneous Information
Heat Zones: 2
Listing Information
StandardStatus: Closed
Around this home
Schools
Peabody School
Public PreK-5 • Assigned • 0.7mi
7/10
Rindge Avenue Upper School
Public 6-8 • Assigned • 0.7mi
8/10
Cambridge Rindge and Latin School
Public 9-12 • Assigned • 2.2mi
8/10
Provided by GreatSchools
Local insights from Redfin agents
Despite new zoning laws encouraging housing production, Cambridge remains a Seller's market driven by pent-up demand and a constant influx of buyers. Because it is a historic, built-out city, there is little new housing to replace existing...
properties, & true supply growth is severely constrained.