
588-590 Cambridge St Boston — Photo 1 of 19
Recent Drop: $300,000
$2,200,000
Boston, MA 02134 — Allston
Beds
7
Baths
6
SqFt
5,345
Style
5-9 Family
Built
1930
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.
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Boston, MA.
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Was $2,350,000
Jul 15, 2026
MLS® 73508554
Was $2,500,000
Jun 10, 2026
MLS® 73508554
Apr 28, 2026
MLS® 73508554
17,667
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$79K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
87.2%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
2,527 housing units permitted in the last 12 months (+37% vs the prior 12 months) — 2,269 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Agent: Kevin Cleary
Listing Office: RE/MAX Select Realty
MLS® Number: 73508554
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