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581 Cambridge StBoston, MA 02134

For Sale

$2,649,000

Smart Buyer Rebate $13,245

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
  • Road Frontage Type: Public
  • View: City

Measurements

  • Building Area Total: 4,162
  • Building Area Units: Square Feet
  • Frontage Length: 70
  • Lot Size Acres: 0.24
  • Lot Size Area: 0
  • Lot Size Square Feet: 10,551
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $156,000.00

Taxes

  • Parcel Number: W:21 P:01309 S:000,1209225
  • Tax Annual Amount: $23,034.00
  • Tax Assessed Value: $1,989,100.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
  • Flooring: Wood, Hardwood, Tile
  • Interior 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

Measurements

  • Living Area: 4,162
  • Living Area Source: Public Record

Rooms

  • Basement: Full, Interior Entry, Bulkhead, Concrete, Unfinished
  • Bathrooms Full: 6
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 9
  • Rooms Total: 16

Parking

Parking

  • Open Parking: Yes
  • 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

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.