$1,700,000
$2,200,000
22.7%For more information regarding the value of a property, please contact us for a free consultation.
588-590 Cambridge St Boston, MA 02134
7 Beds
6 Baths
5,345 SqFt
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
Sold Date 09/30/26
Bedrooms 7
Full Baths 6
Year Built 1930
Annual Tax Amount $14,886
Tax Year 2026
Lot Size 8,276 Sqft
Acres 0.19
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
Direction Near intersection of Cambridge and Gordon Streets
Rooms
Basement Full
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
Total Parking Spaces 6
Garage No
Building
Lot Description Other
Story 5
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Kevin Cleary • RE/MAX Select Realty
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