Sold!
$2,450,000
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
- Area: Allston
- Has View: Yes
- Levels: 6
- Property Class: Residential Income
- Stories: 6
- Year Built: 1877
- Cooling: Central Air
- Heating: Central, Forced Air, Natural Gas
- Parking Spots: 9
- Property Type: 3 Family
- Total Rooms: 16
- Status: Closed
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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
- Tax Year: 2025
- Total Rent: $13,000
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $23,034
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Coldwell Banker Realty - Waltham.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
