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
Listed by Jeremy Basso
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Boardwalk Properties
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617-299-6396
Last updated September 01, 2025
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Source: MLSPin #73417594
Listing Facts
TypeMulti-family
NeighborhoodOak Square
Bedrooms9
Bathrooms6
Days on Prevu24
Taxes$23,034/year
Size4,162 sqft
Price per sqft$636
Amenities
Dishwasher
Private Outdoor Space
Washer/Dryer
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
08/28/2025
Price Decreased
$2,649,000
08/13/2025
Listed by Boardwalk Properties
$2,699,000
Property Details for 581 Cambridge St
Association
Amenities
Community Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Highway Access, Public School, T-Station, University, Sidewalks
Exterior
Construction
Number Of Units Total: 3
Roof: Shingle
Stories: 6
Stories Total: 6
Window Features: Skylight(s)
Year Built: 1877
Year Built Details: Actual
Exterior Features: Balcony/Deck
Features
Fencing: Fenced
Patio And Porch Features: Porch, Deck - Wood, Patio
Parking Features: Shared Driveway, Off Street, Unpaved
Parking Total: 9
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Electric: Circuit Breakers
Heating: Central, Forced Air, Natural Gas
Has Heating: Yes
Laundry Features: Washer Hookup
Sewer: Public Sewer
Utilities: For Gas Range, Washer Hookup
Water Source: Public
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