588 Cambridge St Allston, MA 02134
Saint Elizabeth's NeighborhoodEstimated payment $13,972/month
Highlights
- Medical Services
- Property is near golf course, public transit, and schools
- Jogging Path
- 0.19 Acre Lot
- 2 Fireplaces
- 4-minute walk to Ringer Park
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.
Listing Agent
Kevin Cleary
RE/MAX Select Realty Listed on: 04/28/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,886
Year Built
- Built in 1930
Home Design
- Frame Construction
- Shingle Roof
Interior Spaces
- 5,345 Sq Ft Home
- 2 Fireplaces
- Window Screens
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Paved Parking
- 4 Open Parking Spaces
- Off-Street Parking
Outdoor Features
- Rain Gutters
- Porch
Additional Features
- 8,255 Sq Ft Lot
- Property is near golf course, public transit, and schools
- 6 Heating Zones
Listing and Financial Details
- Rent includes unit 1(water)
- Assessor Parcel Number W:21 P:01222 S:000
Community Details
Overview
- 6 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $2,314
- Insurance Expense $1,200
- Water Sewer Expense $3,850
- Operating Expense $6,794
- Net Operating Income $119,206
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/10/2026 06/10/26 | Price Changed | $2,350,000 | -6.0% | $440 / Sq Ft |
| 04/28/2026 04/28/26 | For Sale | $2,500,000 | -- | $468 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73508554
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