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30 Days on market
311-313 Cardinal Medeiros Ave Cambridge — Photo 1 of 36

311-313 Cardinal Medeiros Ave Cambridge — Photo 1 of 36

$2,550,000

Investment Analysis — 311-313 Cardinal Medeiros Ave

Cambridge, MA 02141 — East Cambridge

Based on rent reported on the MLS listing, a 3-unit multi-family in 02141 carries $6,800/mo in gross rent — about a 1.96% cap rate and $50,061/yr in estimated NOI at the $2,550,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

7

Baths

4

SqFt

3,936

Style

3 Family

Built

1903

Rare opportunity to purchase this spacious triple-decker, three-family home with a large private driveway. Family-owned for decades, this well-maintained property is ideally located in the highly sought-after East Cambridge/Kendall Square neighborhood, minutes from the MBTA Red and Green Lines (Kendall sq. & Lechmere), the Charles River, MIT, Mass General Hospital, and downtown Boston. The property features three separately metered apartments with individual gas and electric utilities, plus in-unit washers and dryers in every apartment. The first and second floors each offer spacious 2-bedroom, 1-bath layouts with separate living and dining rooms, while the third floor features a modern 3-bedroom, 1-bath apartment. The second-floor apartment is leased through June 2027, the third-floor apartment is leased through April 2027, and the first-floor unit will be delivered vacant, making this an ideal opportunity for an owner-occupant or investor. Additional highlights include a partially finished basement with a full bathroom, offering great potential for additional living space. The first- and third-floor apartments feature central air conditioning. Recent improvements include a new roof and two new heating systems, both installed in 2025. Plus a large private driveway with off-street parking for 4-5 vehicles—an uncommon amenity in Cambridge. Please do not walk the property or disturb tenants; please inquire for more information and to schedule a showing.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$2,550,000
Annual Taxes$11,955

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms17
FireplacesNone
Flooring--
BasementPartially Finished, Interior Entry

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air, Window Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofRubber
FoundationConcrete Perimeter
ZoningC-1

Property & Lot

Acres0.08
SqFt Lot3,636
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path

Geography

Listing Provided By

Listing Agent: Cameron Moniz

Listing Office: Coldwell Banker Realty - Lexington

MLS® Number: 73563191