588-590 Cambridge St, Boston, MA

$2,500,000

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7

Beds

6

Baths

5,345

Square feet

0.19

Acres

About 588-590 Cambridge St

***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.

Features of 588-590 Cambridge St

MLS® # 73508554
Price $2,500,000
Bedrooms 7
Bathrooms 6.00
Full Baths 6
Square Footage 5,345
Acres 0.19
Year Built 1930
Type Residential Income
Sub-Type 5-9 Family
Status Active

Community Information

Address 588-590 Cambridge St
Area Allston
City Boston
County Suffolk
State MA
Zip Code 02134-2432

Amenities

Parking Spaces 4
Parking Off Street, Paved
Is Waterfront No
Has Pool No

Interior

Fireplace Yes
# of Fireplaces 2
# of Stories 5
Stories 5

Exterior

Exterior Features Rain Gutters
Lot Description Other
Windows Screens
Roof Shingle
Construction Frame
Foundation Other

Additional Information

Zoning R4

Listing Details

Agent Kevin Cleary
Office RE/MAX Select Realty

Listing Map

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