Backup offers
$10,000 Closing Credit¹
#73352224, John Heaney, Listing Office: Realty Solutions Inc.
$2,000,000 List price
7 Richard Ave Cambridge, MA 02140
$10,000
Closing credit¹
9 beds
3 full
4,976 sqft
0.09 acres
$402 / sqft
Multi-Family
Property details
About 7 Richard Ave
Rare-to-market BRICK 3-family opportunity in North Cambridge on a nearly 4K lot w/ 3700 sqft of living area, front & back porches & patio, and driveway offers a huge upside to end-users, investors, & developers alike! Impeccably well-maintained, each unit boasts 3 beds/1 bath w/ hardwoods, updated kitchens, & classic front-to-back layouts including adjoining living & dining rooms. Tenants enjoy exclusive-use laundry in the basement, along with ample private storage. Each unit is leased through 8/31/25, generating a combined monthly rent of $8,610 (**under market rents**). Additional highlights include a shared patio, a storage shed, and a paved driveway w/ carport for 3 cars. All this on a tree-lined street near Alewife, Davis Square, Tufts, Mass Ave, and the Minuteman Bikeway. Ideal for investors, 1031 exchanges, or future condo conversion. A solid Cambridge investment in a prime location!
Highlights
Home typeMulti Family
HeatingHot Water, Steam
StatusAccepting Backup Offers
(Contingent)
(Contingent)
CoolingWindow Unit(s)
Size4,976 sqft
BasementYes
Lot size0.09 Acres
Year built1928
ParkingPaved Drive, Off Street, Tandem, Driveway
MLS #73357234
Summary
- MLS Number: 73357234
- MLS Name: MLS Property Information Network
- Office Name: Keller Williams Realty Boston-Metro | Back Bay
- Office Phone: (617) 542-0012
- Listing Agent: The Rasner Group
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/18/2025, 7:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,000,000
7 Richard Ave
$10,000
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 09, 2004 | Home Sold | $930,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,835,000 | $10,863 |
| 2023 | $1,727,000 | $10,120 |
| 2022 | $1,585,400 | $9,386 |
| 2021 | $1,545,700 | $9,042 |
| 2020 | $1,529,600 | $8,795 |
| 2019 | $1,414,700 | $8,403 |
History based on county public records data.
Nearby schools
9
Benjamin Banneker Charter Public School
Public Charter PK-6
0.6 mi
•21 Notre Dame Ave
8
Peabody
Public District PK-5
0.6 mi
•70 Rindge Ave
7
Hardy
Public District KG-5
0.7 mi
•52 Lake St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $54,630. Typical income of Cambridge, MA residents is less than $<35k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
42%
<35k
23%
35k-100k
29%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
67%
Single, No Kids
5%
Single, with Kids
17%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
6%
12-17 yrs old
26%
18-34 yrs old
37%
35-64 yrs old
22%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Art Museums
Hiking/backpacking
Where do the neighbors shop?
Banana Republic
Bloomingdales
H&M
Where do the neighbors go to eat?
Jack In The Box
Starbucks
Chipotle
What do the neighbors drive?
Toyota
Audi
Volkswagen
What do the neighbors listen to?
Jazz
News
Alternative
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 7 Richard Ave in Cambridge, MA and zip code 02140 in the North Cambridge neighborhood. This 4,976 square foot home, which was built in 1928, sits on a 0.09 acre lot. Features: 9 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 9, 2025 and is currently priced at $2,000,000.
In March 2025 more than 16 listings in Cambridge, MA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 16 were sold below. The inventory of homes for sale in Cambridge, MA between February and March 2025 increased by 38.6%. In March 2025, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $1,194,375.
From Rocket Homes Real Estate and based on county public records data.