588-590 Cambridge St, Boston MA 02134
Boston, MA 02134 • Allston
$2,500,000
$2,200,000
Est. $12,565/month
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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
Contingency Update
Aug 16, 2026
Financing
Status: Active under contract
Aug 16, 2026
Active → Active Under Contract
Pending Sale
Jul 27, 2026
Offer accepted, sale pending
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
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/16/2026 | 📝 Contingency Update | - | - | - | Financing |
| 08/16/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 07/27/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 07/15/2026 | ↓ Price Reduced | $2,200,000 | $150,000 | - | From $2,350,000 to $2,200,000 (-6.4%) |
| 07/02/2026 | • Back On Market | - | - | - | Active |
| 06/16/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 06/15/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 06/10/2026 | ↓ Price Reduced | $2,350,000 | $150,000 | - | From $2,500,000 to $2,350,000 (-6.0%) |
| 04/28/2026 | 🏠 Listed for Sale | $2,500,000 | - | - | Original listing |
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
Stories
5
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%
Interior
Heating
None
Cooling
None
Flooring
Varies
Appliances
None
Fireplace
None
Fireplaces
2
Basement
Full
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Rain Gutters
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Off Street, Paved
Total Spaces
6
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$14,886
Assessed Value
$120,500
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Exclusions
Tenants Possessions.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Suffolk
Total market time (incl. prior listings)
121 days
Property Overview
Property Type
5-9 Family
Listing Type
Sale Pending
Year Built
1930
Bedrooms
7
Full Bathrooms
6
Living Area
5,345 sq ft
Total Rooms
17
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,345 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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
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
Aug 29, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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