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
Open House: August 19th 5:00-7:00pm
| MLS Listing ID: | 73417594 |
|---|---|
| Listing Price: | $2,699,000 |
| Listing Status: | Active [?] |
| Property Type: | Multi Family |
| Bedrooms: | 9 |
| Full Baths: | 6 |
| Living Space: | 4162 sf. |
| Lot Size: | 0.24 acres (10551 sf.) |
| Parking: | Yes |
| Taxes: | $23,034.00 |
| Tax Year: | 2025 |
Listing Current as of August 18, 2025 2:00pm
This listing brought to you by Jeremy Basso of Boardwalk Properties.
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