581 Cambridge St
$2,699,000
9
Beds
6
Baths
4,162
Sqft
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$2,699,000
9
Beds
6
Baths
4,162
Living Area
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Property Description
Rare offering in one of Allston’s most active rental corridors - 581 Cambridge St is a turn-key, income-producing asset with long-term land value and future flexibility. Set on a massive 10,550 sqft lot, this unique compound includes two fully leased, separately metered structures: a 2-family Victorian and detached carriage house. Currently earning $13,000/month with minimal overhead, this is ideal for investors seeking stable, low-maintenance income today with the option to redevelop, condo convert, or expand in the future (buyer to verify). Well-maintained with no major capital needs, all units feature in-unit laundry and central A/C. Enjoy multiple private decks and a patio, ample off-street parking, and an unbeatable location steps from Harvard Ave, the Green Line, and Boston’s top universities. Rare opportunity to land bank in a high-demand neighborhood while earning strong, reliable returns. Open houses 8/16 12:00-2:00pm, 8/17 11:00am-1:00pm and 8/19 5:00-7:00pm
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Highlights
- Cooling: Central Air
- Heating: Central, Forced Air, Natural Gas
- Parking Spots: 9
- Property Type: 3 Family
- Total Rooms: 16
- Status: Active
- Has View: Yes
- Levels: 6
- Property Class: Residential Income
- Stories: 6
- Year Built: 1877
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Additional Details
- Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
- Exterior Features: Balcony/Deck
- Foundation: Stone
- Road Frontage Type: Public
- SqFt Source: Public Record
- View: City
- Year Built Source: Public Records
- Basement: Full, Interior Entry, Bulkhead, Concrete, Unfinished
- Flooring: Wood, Hardwood, Tile
- Interior Features: Storage, Stone/Granite/Solid Counters, Walk-In Closet(s), Bathroom With Tub, Bathroom With Tub & Shower, Open Floorplan, Smart Thermostat, Ceiling Fan(s), Cathedral/Vaulted Ceilings, Upgraded Cabinets, Living Room, Kitchen, Loft
- Roof: Shingle
- Total Number of Units: 3
- Year Built Details: Actual
- Zoning: R3
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Amenities
- Community Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Highway Access, Public School, T-Station, University, Sidewalks
- Parking Features: Shared Driveway, Off Street, Unpaved
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,989,100
- Compensation Based On: Gross/Full Sale Price
- Tax Year: 2025
- Total Rent: $13,000
- Buyer Agent Compensation: 2.5%
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $23,034
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Listing information provided courtesy of Boardwalk Properties.
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