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.

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Basic Information

Gross Income $146,100
Lot Features Other
Mls StatusActive
Parcel Number W:21 P:01222 S:000
Rent Includes Unit 1(Water)

Tax Information

Tax Assessed Value $120,500
Tax Year 2026
Taxes$14,886

Parking

Open Parking YN Yes
Parking Features Off Street, Paved
Parking Spaces4

Rooms

Bathroom6
Bathrooms Total Decimal 6
Bedrooms7
Full Bath6

Basic Information

List Price$2,500,000
MLS Number73508554
Modification Date05/15/2026
Property SubType5-9 Family

Location

Address588-590 Cambridge Street
Building Number588-590
CountySuffolk
NeighborhoodAllston
StateMA
StreetCambridge Street
SubdivisionAllston
TownBoston
Zip02134

Building

BasementFull
Building Area Units Square Feet
Construction Materials Frame
FireplaceYes
Fireplaces Total 2
FoundationOther
Levels 5
Patio And Porch Features Porch
Rooms17
Stories5
Units6
Window Features Screens
Year Built1930
Year Built Details Approximate
Year Built Source Public Records

Property

Acreage0.19

Interior

Flooring Varies

Exterior

Exterior Features Rain Gutters
RoofShingle

Utilities

Electric Circuit Breakers
Electric Expense 2314
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 5,345
Lot Size Square Feet 8,255
Lot Size Units Acres
Square Feet5,345

Amenities

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

Legal

ZoningR4

Other

Date Listed04/28/2026
Farm Land Area Units Square Feet
View Count6

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Newton, MA

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More Info

Basic Information

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Parking

Rooms

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Building

Property

Interior

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Utilities

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Newton, MA