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Randal Engelmann

Focus Real Estate

[email protected] +1(617) 676-4082

$ 2,500,000

Est. payment -/mo

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588-590 Cambridge St Boston, MA 02134

7 Beds

6 Baths

5,345 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,345 sqft

Price per Sqft $467

MLS Listing ID 73508554

Bedrooms 7

Full Baths 6

Year Built 1930

Annual Tax Amount $14,886

Tax Year 2026

Lot Size 8,276 Sqft

Acres 0.19

Property Sub-Type 5-9 Family

Property Description

***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.

Location

State MA

County Suffolk

Area Allston

Zoning R4

Direction Near intersection of Cambridge and Gordon Streets

Rooms

Basement Full

Interior

Flooring Varies

Fireplaces Number 2

Exterior

Exterior Feature Rain Gutters

Community Features 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

Roof Type Shingle

Total Parking Spaces 4

Garage No

Building

Lot Description Other

Story 5

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by RE/MAX Select Realty

NEARBY SCHOOLS & PROPERTIES

FOCUS Real Estate

Broker | License ID: 422219

+1(617) 676-4082

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