***Group Showings Friday from 3:30-5PM and Sunday from 1-2:30PM*** 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.
- Basement:
- Full
- Parking:
- Off Street, Paved
- Construction:
- Frame
- Exterior Unit Features:
- Rain Gutters
- Flooring:
- Varies
- Sewer:
- Public Sewer
- Water:
- Public
- Electric Feature:
- Circuit Breakers
- Garage Parking
- Lead Paint:
- Unknown
- Rent Fee Includes:
- Unit 1(water)
- Area:
- Allston
- Parking Spaces:
- 4
- Tax Year:
- 2026
- Status:
- Active
- Price Per Sqft:
- $468
- Zoning:
- R4
- No Units:
- 6
- Orig Price:
- $2,500,000
- Fireplaces:
- 2
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- New
- City:
- Boston
- State:
- MA
- County:
- Suffolk
- Postal Code:
- 02134
- Longitude:
- W72° 51' 32.1''
- Latitude:
- N42° 21' 7.2''
Residential Income
588-590 Cambridge St, Boston, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $2,500,000
- Bedrooms :
- 7
- Rooms :
- 17
- Total Bathrooms :
- 6
- Full Bathrooms :
- 6
- Square Footage :
- 5,345 Sqft
- Year Built :
- 1930
- Lot Area :
- 0.19 Acre
- Listing ID :
- 73508554
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
