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
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
$3,629 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,629/mo
Zestimate® history
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$15,343/mo
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List your homeWhat's special
In-unit laundryMultiple private decksAmple off-street parking
Zillow last checked:
Listing updated:
Listed by:
Jeremy Basso 617-299-6396,
Boardwalk Properties 617-566-5333
Bought with:
Brian J. Fitzpatrick
Coldwell Banker Realty - Waltham
Source: MLS PIN,MLS#: 73417594
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 Square Feet
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 & HOA
Community
- Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Highway Access, Public School, T-Station, University, Sidewalks
Location
- Region: Allston
Financial & listing details
- Price per square foot: $589/sqft
- Tax assessed value: $1,989,100
- Annual tax amount: $23,034
- Date on market: 11/30/2025
- Total actual rent: 13000
- 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 |
Find assessor info on the county website
Neighborhood: Allston
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Nearby schools
GreatSchools rating
- 5/10Gardner Pilot AcademyGrades: PK-8Distance: 0.7 mi
- 3/10Brighton High SchoolGrades: 7-12Distance: 0.3 mi
- NABaldwin Early Learning CenterGrades: PK-1Distance: 0.7 mi
- Massachusetts
- Suffolk County
- Boston
- 02134
- Allston
- 581 Cambridge St
