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This is your chance to own 556 Cambridge Street, an existing office building and 32 Gordon Street, an existing 3 family, on contiguous lots, together w/approved plans to raze the office building and replace it with a 4 story, 14 unit residential building + separately approved plans to convert the 3 family to a 6 family via gut rehab, expansion into the basement + the addition of roof dormers. The 556 Cambridge Street property is being permitted as a condominium project w/11 market rate + 3 affordable units and a mix that includes (1) 2 bed/2 bath, (7) 1 beds + (6) studios. The 32 Gordon Street property can be developed for sale or rent and is designed to have (2) 1 beds, (3) 2 bed/2 baths + (1) 3 bed/2 bath unit, all market rate. The existing commercial building has short term tenants. The 3 family has longer term tenants. 2 separate deeds sold as a package w/building permits ready to issue. Put your money to work and transform this desirable corner of Allston into 20 new units!

More Info

Basic Information

  • Lot Features Corner Lot
  • Mls StatusActive

Tax Information

  • Tax Assessed Value $2,692,700
  • Tax Year 2026
  • Taxes$52,811

Parking

  • Parking Features Off Street
  • Parking Spaces1

Rooms

  • Bathroom25
  • Bathrooms Total Decimal 25
  • Bedrooms26
  • Full Bath25

Basic Information

  • List Price$3,750,000
  • MLS Number73498571
  • Modification Date06/02/2026
  • Property SubType5-9 Family

Location

  • Address556 Cambridge/32 Gordon Package
  • Building Number556
  • CountySuffolk
  • NeighborhoodAllston
  • StateMA
  • StreetCAMBRIDGE/32 Gordon Package
  • SubdivisionAllston
  • TownBoston
  • Zip02134

Building

  • Building Area Units Square Feet
  • FoundationOther
  • Levels 4
  • Rooms60
  • Stories4
  • Units20
  • Year Built2027
  • Year Built Details To Be Built
  • Year Built Source Public Records

Property

  • Acreage0.19

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Other
  • Living Area 17,410
  • Lot Size Square Feet 8,172
  • Lot Size Units Acres
  • Square Feet17,410

Amenities

  • Amenities
    • Bike Path
    • Conservation Area
    • Highway Access
    • Medical Facility
    • Park
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • University
    • Walk/Jog Trails
  • Other AmenitiesBasement

Legal

  • Zoning3F-4000

Other

  • Date Listed04/08/2026
  • Farm Land Area Units Square Feet
  • View Count4

Map Location

Driving Directions

Listed by The Residential Group of Coldwell Banker Realty - Brookline

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