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The property consists of five 1-bedroom apartments and one 2-bedroom apartment, located steps from the Green Line, major universities, and local dining. All units are separately metered for heat, hot water, and electricity, keeping landlord operating expenses low. The property includes four dedicated off-street parking spaces in the rear-a high-value premium in this neighborhood. There is significant upside potential to align rents with current market rates: four leases expire August 31, 2026, one unit is a tenant-at-will, and one unit is leased through July 31, 2027. This asset offers immediate cash flow with plenty of upside through strategic lease renewals and improved management efficiencies. A premier investment opportunity in a core Boston submarket. Email agent for the full financial breakdown. The property features a proven rental history with long-term occupancy and minimal vacancy.

More Info

Basic Information

  • Contingency Pending P&S
  • Gross Income $146,100
  • Lot Features Other
  • Mls StatusContingent
  • Parcel Number W:21 P:01222 S:000
  • Rent Includes Unit 1(Water)

Location

  • Address588-590 Cambridge Street
  • Building Number588-590
  • CountySuffolk
  • NeighborhoodAllston
  • StateMA
  • StreetCambridge Street
  • SubdivisionAllston
  • TownBoston
  • Zip02134

Utilities

  • Electric Circuit Breakers
  • Electric Expense 2314
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Amenities
    • Bike Path
    • Golf
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • University
    • Walk/Jog Trails
  • Other AmenitiesBasement, Fireplace, Golf

Tax Information

  • Tax Assessed Value $120,500
  • Tax Year 2026
  • Taxes$14,886

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Bedrooms7
  • Full Bath6

Building

  • BasementFull
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FireplaceYes
  • Fireplaces Total 2
  • FoundationOther
  • Levels 5
  • Patio And Porch Features Porch
  • Rooms17
  • Stories5
  • Units6
  • Window Features Screens
  • Year Built1930
  • Year Built Details Approximate
  • Year Built Source Public Records

Other

  • Date Listed04/28/2026
  • Farm Land Area Units Square Feet
  • View Count1

Parking

  • Open Parking YN Yes
  • Parking Features Off Street, Paved
  • Parking Spaces4

Basic Information

  • List Price$2,350,000
  • MLS Number73508554
  • Modification Date06/16/2026
  • Property SubType5-9 Family
  • Purchase Contract Date06/15/2026

Property

  • Acreage0.19

Interior

  • Flooring Varies

Exterior

  • Exterior Features Rain Gutters
  • RoofShingle

Property Information

  • Building Area Source Public Records
  • Living Area 5,345
  • Lot Size Square Feet 8,255
  • Lot Size Units Acres
  • Square Feet5,345

Map Location

Listed by Kevin Cleary of RE/MAX Select Realty

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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. MLSPIN 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.

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