588-590 Cambridge St
$2,500,000
7
Beds
6
Baths
5,345
Sqft
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$2,500,000
7
Beds
6
Baths
5,345
Living Area
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Property Description
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.
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Highlights
- Area: Allston
- Parking Spots: 4
- Property Type: 5-9 Family
- Total Rooms: 17
- Status: Active
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1930
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Additional Details
- Basement: Full
- Exclusions: Tenant's Possessions.
- Fireplaces: 2
- Foundation: Other
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R4
- Construction: Frame
- Exterior Features: Rain Gutters
- Flooring: Varies
- Lot Features: Other
- Roof: Shingle
- Total Number of Units: 6
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
- Parking Features: Off Street, Paved
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $120,500
- Tax Year: 2026
- Total Rent: $12,175
- Rental Fee Includes: Unit 1(Water)
- Taxes: $14,886
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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 RE/MAX Select Realty.
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