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Home Massachusetts Allston Multi-Family Homes for Sale

581 Cambridge St Boston, MA 02134
25 Days on Boardwalk PropertiesPrice Reduced $50,000
41
581 Cambridge St, Boston, MA 02134
View Map
$2,649,000
3 Unit
9 Beds
6 Baths
4162 SQFT
0.24 Acre

Property Description

Rare offering in one of Allston’s most active rental corridors - 581 Cambridge St is a turn-key, income-producing asset with long-term land value and future flexibility. Set on a massive 10,550 sqft lot, this unique compound includes two fully leased, separately metered structures: a 2-family Victorian and detached carriage house. Currently earning $13,000/month with minimal overhead, this is ideal for investors seeking stable, low-maintenance income today with the option to redevelop, condo convert, or expand in the future (buyer to verify). Well-maintained with no major capital needs, all units feature in-unit laundry and central A/C. Enjoy multiple private decks and a patio, ample off-street parking, and an unbeatable location steps from Harvard Ave, the Green Line, and Boston’s top universities. Rare opportunity to land bank in a high-demand neighborhood while earning strong, reliable returns. Open houses 8/16 12:00-2:00pm, 8/17 11:00am-1:00pm and 8/19 5:00-7:00pm
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Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 9
  • Total Full Baths: 6
  • Amenities: Golf Course, Highway Access, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Bulkhead, Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Rooms: Kitchen, Living Room, Loft
  • Common Interior Features: Bathroom With Tub, Bathroom With Tub & Shower, Ceiling Fans, Stone/Granite/Solid Counters, Storage, Tile Floor, Upgraded Cabinets
  • Common Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Central Heat, Electric, Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Common Cooling: Central Air

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 156000
  • Net Operating Income: 146040

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: Washer Hookup, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 3

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1877
  • Type: 3 Family
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73417594
  • Last Updated: 09/01/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/01/2025Active$2,649,000$636MLSPIN
08/28/2025Price Change$2,649,000$636MLSPIN
08/17/2025Active$2,699,000$648MLSPIN
08/13/2025New$2,699,000$648MLSPIN

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Seller's Representative: Jeremy Basso, Boardwalk Properties
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: n/a
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-09-01 03:09:00

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