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
— MLSPIN #: 73417594Map of 581 Cambridge St, Boston, MA 02134
| Start Time: | End Time: | Comments: |
|---|---|---|
| 08-16-2025 12:00 PM | 08-16-2025 02:00 PM | Investor Preview - All Units Accessible! Rare opportunity to tour this income-producing 3-family compound in prime Allston. View every unit plus mechanicals and common areas. Strong income property with development potential on a massive lot. |
| 08-17-2025 11:00 AM | 08-17-2025 01:00 PM | Investor Preview - All Units Accessible! Rare opportunity to tour this income-producing 3-family compound in prime Allston. View every unit plus mechanicals and common areas. Strong income property with development potential on a massive lot. |
| 08-19-2025 05:00 PM | 08-19-2025 07:00 PM | Investor Preview - All Units Accessible! Rare opportunity to tour this income-producing 3-family compound in prime Allston. View every unit plus mechanicals and common areas. Strong income property with development potential on a massive lot. |
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| List Price: | $2,699,000 |
|---|---|
| Status: | New |
| MLS ID: | 73417594 |
| Town: | Boston |
| County: | Suffolk |
| Zip: | 02134 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family |
| Bedrooms: | 9 |
| Full Baths: | 6 |
| Living Area: | 4,162 sqft |
| Acres: | 0.24 |
| Taxes: | 23,034 |
| Appliances: | Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer |
| Cooling: | Central Air |
| Flooring: | Wood, Hardwood, Tile |
| Heating: | Central, Forced Air, Natural Gas |
| Parking Features: | Shared Driveway, Off Street, Unpaved |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1877 |
| Roof: | Shingle |
| Window Features: | Skylight(s) |
| Directions: | Travel West down Cambridge St |
| Laundry Features: | Washer Hookup |
| Foundation Details: | Stone |
| Postal Code Plus4: | 2447 |
| Electric: | Circuit Breakers |
| Listing Contract Date: | 2025-08-13 |
| Cooling?: | Yes |
| Heating?: | Yes |
| Lot Size Area: | 0.24 |
| Lot Size Square Feet: | 10,551 |
| Rooms Total: | 16 |
| Bathrooms Total Integer: | 6 |
| Basement: | true |
| Basement: | Full, Interior Entry, Bulkhead, Concrete, Unfinished |
| Building Area Source: | Public Records |
| Building Area Total: | 4,162 |
| Community Features: | Public Transportation, Shopping, Park, Golf, Medical Facility, Highway Access, Public School, T-Station, University, Sidewalks |
| Exterior Features: | Balcony/Deck |
| Fencing: | Fenced |
| 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 |
| Levels: | 6 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Open Parking?: | Yes |
| Parcel Number: | W:21 P:01309 S:000, 1209225 |
| Patio And Porch Features: | Porch, Deck - Wood, Patio |
| Rent Includes: | Unit 1(Water), Unit 2(Water), Unit 3(Water) |
| Road Frontage Type: | Public |
| Road Surface Type: | Paved |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range, Washer Hookup |
| Zoning: | R3 |
| Stories Total: | 6 |
| View: | City |
| Year Built Source: | Public Records |
| Disclosures: | Sold as-is, buyer to perform all due diligence. |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Owner |
| Frontage Length: | 70.00 |
| Gross Income: | $156,000 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Color: | Blue / Red |
| Comp Based On: | Gross/Full Sale Price |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 1 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Lease 3: | Yes |
| Levels 1: | 1 |
| Levels 2: | 3 |
| Levels 3: | 2 |
| Listing Alert: | No |
| List Price Per Sqft: | $648.49 |
| Page: | 118 |
| Price Per Sqft: | $648.49 |
| Square Feet Incl Base: | No |
| Sub Agency Offered: | No |
| Net Operating Income: | $146,040 |
| Original List Price: | $2,699,000 |
| Parking Total: | 9 |
| Road Responsibility: | Public Maintained Road |
| Tax Assessed Value: | $1,989,100 |
| Tax Year: | 2025 |
| Total Actual Rent: | $13,000 |
| View?: | Yes |
| Year Built Details: | Actual |
| Waterview Flag: | No |
| Bedrms 1: | 3 |
| Bedrms 2: | 4 |
| Bedrms 3: | 2 |
| F Bths 1: | 2 |
| F Bths 2: | 3 |
| F Bths 3: | 1 |
| Hot Water: | Natural Gas |
| Rent1: | 3,900 |
| Rent2: | 5,450 |
| Rent3: | 3,650 |
Disclaimer:
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.
MLS Property Information Network, Inc. data last updated on August 14, 2025 03:01 PM
Property Last Updated: August 13, 2025 04:14 PM
Listing Courtesy of: Boardwalk Properties
Listing Agent: Jeremy Basso
617-299-6396
