38-40 Madison Avenue

Cambridge, MA 02140

$1,555,000
Last Sold Price
6
Beds
3
Baths
3,420 Sq. Ft.
$455 / Sq. Ft.
3,420
Sq. Ft.
$455
per Sq. Ft.

Description

Rare to the Market Triple Decker! Don’t miss this classic three family just minutes to the bike path and Alewife Station. Each unit has two bedrooms, one bath, front and rear porches and individual storage space in the large walk-out basement. Ample off-street parking with a one-car garage and a sizable shared yard. All that is missing is the right buyer to bring this multi-family back to life. Don't miss out on this great investment opportunity! (Please see walk through video of 3rd floor as this...Rare to the Market Triple Decker! Don’t miss this classic three family just minutes to the bike path and Alewife Station. Each unit has two bedrooms, one bath, front and rear porches and individual storage space in the large walk-out basement. Ample off-street parking with a one-car garage and a sizable shared yard. All that is missing is the right buyer to bring this multi-family back to life. Don't miss out on this great investment opportunity! (Please see walk through video of 3rd floor as this unit will not be available for viewing at Open Houses)
  1. Listed by Kelly Batti • Advisors Living - Arlington

Property Details for 38-40 Madison Avenue

Town
Cambridge
MLS Area
North Cambridge
Area
MA-Cambridge-North Cambridge, MA-Cambridge
Garage Spaces
1
Parking Spaces
4.00
Parking Spaces Total
5

Location

Listing Courtesy of Advisors Living - Arlington, Kelly Batti

Sold By Keller Williams Realty, Treetop Group

Add your commute
LISTING UPDATED: 08/06/2022 07:38 AM

Property Details for 38-40 Madison Avenue

StatusSold
MLS #72805476
Days on Market7
Taxes$7,702 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1926
CountyMiddlesex County

Location

Listing Courtesy of Advisors Living - Arlington, Kelly Batti

Sold By Keller Williams Realty, Treetop Group

Add your commute

Virtual Tour

Building Information for 38-40 Madison Avenue

Stories6Residences3Year Built1926Building Size-Lot Size0.10 AC / 4,250 SF

Payment Calculator

$9,128 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,486

Property Taxes

$642

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 38-40 Madison Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Tennis Court, Walk/Jog Trails, Medical Facility, Bike Path, House of Worship, Private School, Public School, T-Station, University
  • Current Financing: Cash
  • Living Area: 3420.0
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: Peabody
Features
Interior Features
  • Appliances: Unit 1(Range, Dishwasher, Refrigerator), Unit 2(Range, Unit 3(Range), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Basement Features: Full, Walk Out, Concrete Floor, Unfinished Basement
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors, Wood Flooring)
  • Interior Features: Unit 1(Pantry, Bathroom With Tub & Shower), Unit 2(Ceiling Fans, Pantry, Unit 3(Pantry, Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Stone, Block
  • Exterior Features: Unit 3 Balcony/Deck
  • Exterior Features: Porch, Deck, Deck - Wood
  • Lot Description: Level
  • Patio And Porch Features: Porch, Deck, Deck - Wood
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: 1.00
  • Garage: Yes
  • Garage Parking: Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Electric: 110 Volts, Circuit Breakers
  • Heating: Unit 1(Hot Water Radiators), Unit 2(Hot Water Radiators), Unit 3(Hot Water Radiators)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Dryer
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Possible asbestos insulation on some pipes in the basement.House is listed-as # 40 Madison Ave in Public records.
Tax Information
  • Assessments: $1,316,500
  • Book: 24099
  • Tax Year: 2021
  • Zoning: B
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Block
  • Heat Units: 3
Income / Expenses
  • GOI: $42,000.00
  • NOI: $42,000.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $3,500.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 1

Property History for 38-40 Madison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 38-40 Madison Avenue

This home is within Cambridge School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Peabody School
PublicPK to 5

Rindge Avenue Upper School
Public6 to 8

Cambridge Rindge and Latin School
Public9 to 12

Vassal Lane Upper School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Advisors Living - Arlington, Kelly Batti

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.