Sold for $2,450,000

$2,450,000

581 Cambridge St, Allston, MA 02134

9beds

4,162sqft

3 Family

Built in 1877

-- sqft lot

$-- Zestimate^®

$589/sqft

$3,588 Estimated rent

Home value

Not available

Estimated sales range

Not available

$3,588/mo

Zestimate^® history

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$3,588/mo

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$3,588/mo

Rent Zestimate^®

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$11,685/mo

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$11,685/mo

Est. payment

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What's special

In-unit laundryMultiple private decksAmple off-street parking

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

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 6
Full bathrooms: 6

Heating

Central, Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Laundry: Washer Hookup

Features

Storage, Stone/Granite/Solid Counters, Walk-In Closet(s), Bathroom With Tub, Bathroom With Tub & Shower, Open Floorplan, Smart Thermostat, Ceiling Fan(s), Cathedral/Vaulted Ceilings, Upgraded Cabinets, Living Room, Kitchen, Loft
Flooring: Wood, Hardwood, Tile
Windows: Skylight(s)
Basement: Full,Interior Entry,Bulkhead,Concrete,Unfinished
Has fireplace: No

Interior area

Total structure area: 4,162
Total interior livable area: 4,162 sqft
Finished area above ground: 4,162

Property

Parking

Total spaces: 9
Parking features: Shared Driveway, Off Street, Unpaved
Uncovered spaces: 9

Features

Patio & porch: Porch, Deck - Wood, Patio
Exterior features: Balcony/Deck
Fencing: Fenced
Has view: Yes
View description: City
Frontage length: 70.00

Lot

Size: 10,551 sqft

Details

Parcel number: W:21 P:01309 S:000,1209225
Zoning: R3

Construction

Type & style

Home type: MultiFamily
Property subtype: 3 Family

Materials

Foundation: Stone
Roof: Shingle

Condition

Year built: 1877

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range, Washer Hookup

Community & neighborhood

Community

Community features: Public Transportation, Shopping, Park, Golf, Medical Facility, Highway Access, Public School, T-Station, University, Sidewalks

Location

Region: Allston

HOA & financial

Other financial information

Total actual rent: 13000

Other

Other facts

Road surface type: Paved

Price history

Date	Event	Price
1/13/2026	Sold	$2,450,000-7.5%$589/sqft
Source: MLS PIN #73417594 Report a problem
9/29/2025	Contingent	$2,649,000$636/sqft
Source: MLS PIN #73417594 Report a problem
8/28/2025	Price change	$2,649,000-1.9%$636/sqft
Source: MLS PIN #73417594 Report a problem
8/13/2025	Listed for sale	$2,699,000+532.8%$648/sqft
Source: MLS PIN #73417594 Report a problem
3/15/2020	Listing removed	$2,435$1/sqft
Source: Modern Real Estate Report a problem
3/13/2020	Listed for rent	$2,435-2.6%$1/sqft
Source: Modern Real Estate Report a problem
1/30/2019	Listing removed	$2,500$1/sqft
Source: Zillow Rental Manager Report a problem
1/22/2019	Listed for rent	$2,500+13.6%$1/sqft
Source: Zillow Rental Manager Report a problem
10/10/2015	Listing removed	$2,200$1/sqft
Source: Live Realty Boston Report a problem
7/25/2015	Listed for rent	$2,200$1/sqft
Source: LIVE REALTY BOSTON Report a problem
12/28/2001	Sold	$426,500$102/sqft
Source: LINK #3474 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$23,034 +3.6%	$1,989,100 -2.4%
2024	$22,224 +5.4%	$2,038,900 +3.9%
2023	$21,084 +1.7%	$1,963,100 +3%
2022	$20,732 +9.1%	$1,905,500 +7%
2021	$19,006 +16.4%	$1,781,300 +15.2%
2020	$16,328 +5.8%	$1,546,200 +5.6%
2019	$15,434 +1.1%	$1,464,300 +0.6%
2018	$15,261 +442.6%	$1,456,200 +13.5%
2017	$2,812 -75%	$1,283,113 +25.5%
2016	$11,250 +46.5%	$1,022,700 +61.3%
2015	$7,678 +8.7%	$634,024 +18%
2013	$7,063 -0.9%	$537,500 -1.7%
2012	$7,128 +2%	$546,600
2011	$6,991 +6.6%	$546,600 -1%
2010	$6,559 +3.8%	$552,100 -7.1%
2009	$6,320 -4.7%	$594,500 -1.7%
2008	$6,631 +0.6%	$604,500 +0.8%
2007	$6,593	$599,900