$2,699,000
581 Cambridge St
Boston, MA, 02134
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
Property Details
Price:
$2,699,000
MLS #:
73417594
Status:
Active
Beds:
9
Baths:
6
Address:
581 Cambridge St
Type:
Multi Family
Subtype:
3 Family
City:
Boston
Listed Date:
Aug 13, 2025
State:
MA
Finished Sq Ft:
4,162
Total Sq Ft:
4,162
ZIP:
02134
Lot Size:
10,551 sqft / 0.24 acres (approx)
Year Built:
1877
Units:
3
Schools
Interior
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Bathrooms
6 Full Bathrooms
Cooling
Central Air
Flooring
Wood, Hardwood, Tile
Heating
Central, Forced Air, Natural Gas
Laundry Features
Washer Hookup
Exterior
Community Features
Public Transportation, Shopping, Park, Golf, Medical Facility, Highway Access, Public School, T- Station, University, Sidewalks
Exterior Features
Balcony/ Deck
Parking Features
Shared Driveway, Off Street, Unpaved
Parking Spots
9
Roof
Shingle
Financial
Tax Year
2025
Taxes
$23,034
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of Boardwalk Properties. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.
581 Cambridge St
Boston, MA
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