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588-590 Cambridge St

Boston, MA 02134
  • $2,500,000
  • STATUS: Active
  • MLS #: 73508554
UPDATED: 44 min ago
$2,500,000
  • 7
    BEDS
  • 0.19
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 5,345
    SQFT
  • $468
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:
Area:

School Ratings & Info

Listing courtesy of Kevin Cleary of RE/MAX Select Realty.

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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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2026-06-08T10:05:16.847.
www.teamrosoremax.com/homes/175874337
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588-590 Cambridge St Boston, MA 02134

  • Price: $2,500,000
  • Status: Active
  • On Site: Days
  • Updated: 44 min ago
  • MLS #: 73508554
7
Beds
6
Baths
0
½ Baths
0.19
Acres
5,345
SQFT
$468
$/SQFT
1930
Built
Neighborhood:
Allston
County:
Suffolk
Area:
Allston
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.
Exterior Features

Construction Materials Frame Covered Spaces 0 Exterior Features Rain Gutters Garage YN No Levels 5 Lot Features Other Open Parking YN Yes Parking Features Off StreetPaved Parking Total 4 Patio And Porch Features Porch Road Frontage Type Public Roof Shingle Spa YN No Waterfront YN No

Interior Features

Basement Full Building Area Total 5345 Cooling Units 0 Cooling Zones 0 Fireplace YN Yes Fireplaces Total 2 Flooring Varies Foundation Details Other Heat Units 6 Heat Zones 6 Lead Paint Unknown Rooms Total 17 Window Features Screens

Property Features

Community Features Public TransportationShoppingParkWalk/Jog TrailsGolfMedical FacilityLaundromatBike PathHighway AccessHouse of WorshipPrivate SchoolPublic SchoolT-StationUniversity Electric Circuit Breakers Electric Expense 2314 Exclusions Tenant's Possessions. Gross Income 146100 Gross Scheduled Income 630 Home Warranty YN No Insurance Expense 1200 Net Operating Income 119206 Operating Expense 6794 Property Sub Type 5-9 Family Rent Includes Unit 1(Water) Senior Community YN No Sewer Public Sewer Tax Annual Amount 14886.2 Tax Year 2026 Total Actual Rent 12175 Water Sewer Expense 3850 Water Source Public Year Built Details Approximate Zoning R4

Listing information © 2026 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Kevin Cleary of RE/MAX Select Realty: 617-787-9800.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2026-06-08T10:05:16.847.
 
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77 State Road
Dartmouth MA, 02747
Listing courtesy of Kevin Cleary of RE/MAX Select Realty.