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
Price:
$2,699,000
MLS #:
73417594
Status:
Active
Beds:
9
Baths:
6
Type:
Multi Family
Subtype:
3 Family
Listed Date:
Aug 13, 2025
Finished Sq Ft:
4,162
Total Sq Ft:
4,162
Lot Size:
10,551 sqft / 0.24 acres (approx)
Year Built:
1877
Units:
3
See this Listing
Schools
Interior
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Bathrooms
6 Full Bathrooms
Cooling
Central Air
Flooring
Wood, Hardwood, Tile
Heating
Central, Forced Air, Natural Gas
Laundry Features
Washer Hookup
Exterior
Community Features
Public Transportation, Shopping, Park, Golf, Medical Facility, Highway Access, Public School, T- Station, University, Sidewalks
Exterior Features
Balcony/ Deck
Parking Features
Shared Driveway, Off Street, Unpaved
Parking Spots
9
Roof
Shingle
Financial
Tax Year
2025
Taxes
$23,034
Map
Community
- Address581 Cambridge St Boston MA
- CityBoston
- CountySuffolk
- Zip Code02134
Subdivisions in Boston
- Adams Village
- Ashmont Hill
- Ashmont Hill / Carruth Area
- Back Bay
- Bay Village
- Beacon Hill
- Bellevue Hill
- Boston
- Brighton-Oak Square
- Charlestown
- Chestnut Hill
- Chestnut Hill /Brookline line
- Chestnut Hill Park Condominium
- Clam Point Neighborhood
- Eight Streets Neighborhood
- Ellis South End Neighborhood
- Fairmount Hill
- Fields Corner
- Gas Light District
- Golf Course Neighborhood
- Harbor View
- Harborview
- Highland
- Hyde Park
- Jamaica Plain
- Lower Mills
- Melville Park
- Metropolitan Heights Area
- Metropolitan Hill
- Mission Hill – Longwood Medical
- Oak Square
- Parkway neighborhood
- Roslindale
- Roslindale – WC Bates
- roslindale village
- Roxbury’s Moreland Street Historic District
- Savin Hill: Minutes to Carson Beach/UMass Boston T-Stop
- South Boston
- Suffolk County
- Sumner Hill
- Thomas Park
- Woodbourne
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Market Summary
Current real estate data for Multi Family in Boston as of Aug 15, 2025
331
Multi Family Listed
149
Avg DOM
486
Avg $ / SqFt
$1,998,931
Avg List Price
Property Summary
- 581 Cambridge St Boston MA is a Multi Family for sale in Boston, MA, 02134. It is listed for $2,699,000 To schedule a showing of MLS#73417594 at 581 Cambridge St in Boston, MA, contact your Cornerstone Real Estate agent at 617-238-7400.
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Courtesy of Boardwalk Properties. 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.
581 Cambridge St
Boston, MA
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