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
- Heating System:
- Central, Forced Air, Natural Gas
- Cooling System:
- Central Air
- Basement:
- Full, Bulkhead, Interior Entry, Unfinished, Concrete
- Parking:
- Off Street, Unpaved, Shared Driveway
- Appliances:
- Disposal, Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Freezer
- Exterior Unit Features:
- Balcony/deck
- Flooring:
- Tile, Wood, Hardwood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Electric Feature:
- Circuit Breakers
- Garage Parking
- Interior Features:
- Kitchen, Walk-in Closet(s), Storage, Stone/granite/solid Counters, Upgraded Cabinets, Bathroom With Tub & Shower, Loft, Open Floorplan, Ceiling Fan(s), Bathroom With Tub, Living Room, Cathedral/vaulted Ceilings, Smart Thermostat
- Lead Paint:
- Unknown
- Laundry Features:
- Washer Hookup
- Road Type:
- Paved
- Rent Fee Includes:
- Unit 1(water), Unit 2(water), Unit 3(water)
- Area:
- Allston
- Market Time:
- 58
- Parking Spaces:
- 9
- Tax Year:
- 2025
- Status:
- Closed
- Price Per Sqft:
- $589
- Zoning:
- R3
- No Units:
- 3
- Orig Price:
- $2,699,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Sold
- City:
- Boston
- State:
- MA
- County:
- Suffolk
- Postal Code:
- 02134
- Longitude:
- W72° 51' 31.2''
- Latitude:
- N42° 21' 9''
Residential Income
581 Cambridge St, Boston, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $2,649,000
- View :
- City
- Bedrooms :
- 9
- Rooms :
- 16
- Total Bathrooms :
- 6
- Full Bathrooms :
- 6
- Square Footage :
- 4,162 Sqft
- Year Built :
- 1877
- Lot Area :
- 0.24 Acre
- Listing ID :
- 73417594
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com