588-590 Cambridge St Boston, MA 02134

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Tricia Coury

Executive Real Estate Specialist - Team Leader License ID: res.0042126

+1(508) 838-6956

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Key Details

Sold Price $1,700,000

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,345 sqft

Price per Sqft $318

MLS Listing ID 73508554

Bedrooms 7

Full Baths 6

Year Built 1930

Annual Tax Amount $14,886

Tax Year 2026

Lot Size 8,276 Sqft

Property Sub-Type 5-9 Family

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.

Location

State MA

County Suffolk

Area Allston

Zoning R4

Interior

Flooring Varies

Fireplaces Number 2

Exterior

Exterior Feature Rain Gutters

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

Roof Type Shingle