This paper presents a new non-contact alternating current impedance instrument (NCACII) with multiple frequencies to measure the electrical impedance during the hydration of cement-based materials. It implements two measurement techniques: the first technique is a frequency conversion measurement with a frequency variation range of 1–100 kHz. The second is to measure the variation in impedance with time. It provides a new way to analyze the pore structure of cement-based materials. In this instrument, we design a current sensor made from nanocrystalline T37. The experimental results demonstrate the detection accuracy of NCACII has been improved and indicates the superiority of nanocrystalline T37.