581 Cambridge St Allston, MA 02134
Brighton NeighborhoodEstimated payment $15,854/month
Highlights
- Golf Course Community
- City View
- Open Floorplan
- Medical Services
- 0.24 Acre Lot
- Deck
About This Home
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
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,034
Year Built
- Built in 1877
Lot Details
- 10,551 Sq Ft Lot
- Fenced
Home Design
- Stone Foundation
- Shingle Roof
Interior Spaces
- 4,162 Sq Ft Home
- Open Floorplan
- Cathedral Ceiling
- Ceiling Fan
- Skylights
- Living Room
- Loft
- Storage
- City Views
Kitchen
- Range
- Microwave
- Freezer
- Dishwasher
- Solid Surface Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- Walk-In Closet
- 6 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- 9 Car Parking Spaces
- Shared Driveway
- Unpaved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Bulkhead
- Balcony
- Deck
- Patio
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number W:21 P:01309 S:000,1209225
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Golf Course Community
- Park
Building Details
- Net Operating Income $146,040
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/26/2025 09/26/25 | Pending | -- | -- | -- |
| 08/28/2025 08/28/25 | Price Changed | $2,649,000 | -1.9% | $636 / Sq Ft |
| 08/13/2025 08/13/25 | For Sale | $2,699,000 | -- | $648 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73417594
APN: ALLS W:21 P:01309 S:000
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