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Active

588-590 Cambridge St, Boston MA 02134

$2,500,000

Estimated $5,294/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $416,666.67

Total Rent: 94200/year

Estimated CAP Rate:

7 Bedrooms

Baths

5345

Total Parking: 4

8,255 (0.19)

***Group Showings Friday from 3:30-5PM and Sunday from 1-2:30PM*** 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.

This home has been viewed 6 times

Last Checked: May 5th, 2026 at 8:48am (Source: MLS PIN #73508554)

Gross Income: $94,200

Gross Expenses: $22,880

Net Income Calc: $71,320

Water Views

Annual Expenses for 588-590 Cambridge St, Boston MA 02134

Total Gross Expenses (Calculated)$22,880/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax14886.2

Annual Income & Unit Breakdown for 588-590 Cambridge St, Boston MA 02134

Total Gross Income (Calculated)$94,200

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

General Information for 588-590 Cambridge St, Boston MA 02134

Listing ID73508554

Property TypeMulti Family / 5+ Family

Price2500000 ($467.73/SqFt)

Style5-9 Family

CityBoston

CountySuffolk

MLS AreaAllston

Neighborhood(s)

Approximate Living Area Total5345

Approximate Lot Size (Acres)0.19

Total Parking4

Garage Parking0

Year Built1930

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR4

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 588-590 Cambridge St, Boston MA 02134

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher In 1st Floor Bath Excluded; Basement Tools

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 588-590 Cambridge St, Boston MA 02134

Real Estate Taxes14886.2

Tax Year2026

Assessed Value$120,500

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 588-590 Cambridge St, Boston MA 02134

Neighborhood(s)

MLS AreaAllston

Area AmenitiesWalk/jog Trails

Contact Information for 588-590 Cambridge St, Boston MA 02134

Agent

Name: Kevin Cleary

Office

Name: RE/MAX Select Realty

Phone: 617-787-9800

Payment Calculator

, Interest

Property Taxes 1240.52

Principal & Interest 15404.2

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Select Realty

Kevin Cleary

Agent Phone

Office Phone

(617) 787-9800

Text Agent Call Agent Call Office

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EXIT

16 More Photos

Active

588-590 Cambridge St, Boston MA 02134

$2,500,000

Annual Expenses for 588-590 Cambridge St, Boston MA 02134

Annual Income & Unit Breakdown for 588-590 Cambridge St, Boston MA 02134

General Information for 588-590 Cambridge St, Boston MA 02134

Disclosures for 588-590 Cambridge St, Boston MA 02134

Financial Information for 588-590 Cambridge St, Boston MA 02134

Location Information for 588-590 Cambridge St, Boston MA 02134

Contact Information for 588-590 Cambridge St, Boston MA 02134

Agent

Office

Payment Calculator

Exclusive Listing Agent

RE/MAX Select Realty

Kevin Cleary