For sale

Price cut: $150K (7/15)

$2,200,000

588-590 Cambridge St, Allston, MA 02134

7beds

5,345sqft

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5-9 Family

Built in 1930

-- sqft lot

$-- Zestimate^®

$412/sqft

$-- HOA

What's special

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.

83 days

141

4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 6
Full bathrooms: 6

Features

Flooring: Varies
Windows: Screens
Basement: Full
Number of fireplaces: 2

Interior area

Total structure area: 5,345
Total interior livable area: 5,345 sqft
Finished area above ground: 5,345

Property

Parking

Total spaces: 6
Parking features: Off Street, Paved
Uncovered spaces: 6

Features

Patio & porch: Porch
Exterior features: Rain Gutters

Lot

Size: 8,255 Square Feet
Features: Other

Details

Parcel number: W:21 P:01222 S:000
Zoning: R4

Construction

Type & style

Home type: MultiFamily
Property subtype: 5-9 Family

Materials

Frame
Foundation: Other
Roof: Shingle

Condition

Year built: 1930

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University

Location

Region: Allston

Financial & listing details

Price per square foot: $412/sqft
Tax assessed value: $120,500
Annual tax amount: $14,886
Date on market: 4/30/2026
Exclusions: Tenant's Possessions.
Total actual rent: 12175

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/15/2026	Price change	$2,200,000-6.4%$412/sqft
Source: MLS PIN #73508554 Report a problem
7/2/2026	Listed for sale	$2,350,000$440/sqft
Source: MLS PIN #73508554 Report a problem
6/30/2026	Pending sale	$2,350,000$440/sqft
Source: MLS PIN #73508554 Report a problem
6/16/2026	Contingent	$2,350,000$440/sqft
Source: MLS PIN #73508554 Report a problem
6/10/2026	Price change	$2,350,000-6%$440/sqft
Source: MLS PIN #73508554 Report a problem
4/28/2026	Listed for sale	$2,500,000$468/sqft
Source: MLS PIN #73508554 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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