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588-590 Cambridge St, Boston MA 02134

Boston, MA 02134 • Allston
$2,500,000
$2,200,000
Est. $12,565/month
7
Beds
6
Baths
5,345
Sq Ft
$412
Price/Sq Ft
0.19
Acres
1930
Year Built
6
Parking
83
Days on Market
Active Price Drop -$300,000 Listed Apr 28, 2026 • MLS# 73508554 Copied! • Updated Jul 19, 2026

About this home

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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Recently Sold Nearby

Property History

Market Insights

2
Price Changes
12%
Price Range

Property Timeline

Price Reduced
Jul 15, 2026
$2,200,000 $150,000 (-6.38%)
From $2,350,000 to $2,200,000 (-6.4%)
Back On Market
Jul 2, 2026
Active
📋
Status: Active under contract
Jun 16, 2026
Active → Active Under Contract
Pending Sale
Jun 15, 2026
Offer accepted, sale pending
Price Reduced
Jun 10, 2026
$2,350,000 $150,000 (-6%)
From $2,500,000 to $2,350,000 (-6.0%)
🏠
Listed for Sale
Apr 28, 2026
$2,500,000
Original listing
Agent: Kevin Cleary Office: RE/MAX Select Realty

Tax History

Year Taxes Assessment
2026 $14,886 $120,500

Financial Details

Annual Property Tax
$14,886
Tax Year 2026
Assessed Value
$120,500

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1930
Living Area 5,345 sq ft
Lot Size 0.19 acres
Bedrooms 7
Full Baths 6
Total Rooms 17

Investment Metrics

Units 6
Unit 1 Rent $1,650/mo · Y
Unit 2 Rent $2,450/mo · Y
Unit 3 Rent $1,500/mo · N
Unit 4 Rent $2,250/mo · Y
Total Monthly Rent $7,850/mo
Gross Income $146,100
Net Operating Income $119,206
Operating Expenses $6,794
Water/Sewer Expense $3,850
Electric Expense $2,314
Insurance Expense $1,200
Cap Rate 5.42%
Heating None
Cooling None
Flooring Varies
Appliances None
Fireplace None
Fireplaces 2
Basement Full
Laundry None
Features None
Construction Frame
Architecture None
Roof Shingle
Features Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Off Street, Paved
Total Spaces 6
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $14,886
Assessed Value $120,500
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Exclusions Tenants Possessions.
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Suffolk
Total market time (incl. prior listings) 80 days

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1930
Bedrooms
7
Full Bathrooms
6
Living Area
5,345 sq ft
Total Rooms
17
Stories
5
Levels
5

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Varies
Appliances:
Interior Features:
Windows: Screens
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1930
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Other
Stories: 5

Heating, Cooling & Utilities

Heating:
Heating Zones: 6
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Rain Gutters
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features: Other
Road Surface:

Parking & Garage

Total Parking Spaces: 6
Parking Features: Off Street, Paved

Special Features

Fireplaces: 2
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,241
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

Allston

588-590 Cambridge St, Boston MA 02134

Boston, MA 02134

Listing Information

Listing Agent Kevin Cleary
Listing Office RE/MAX Select Realty
Office Phone 617-787-9800
Agent MLS ID NB112086
Office MLS ID BB4637
Listing Data Updated Jul 19, 2026 3:06 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steven Novak
Steven Novak
BMN Boston Real Estate
Ask about this property — free, no obligation.

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Steven Novak

Steven Novak

BMN Boston Real Estate

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