For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,450,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,162 sqft
Price per Sqft $588
MLS Listing ID 73417594
Bedrooms 9
Full Baths 6
Year Built 1877
Annual Tax Amount $23,034
Tax Year 2025
Lot Size 10,454 Sqft
Property Sub-Type 3 Family
Property Description
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
Location
State MA
County Suffolk
Area Allston
Zoning R3
Interior
Heating Central, Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Hardwood, Tile
Laundry Washer Hookup
Exterior
Exterior Feature Balcony/Deck
Fence Fenced
Community Features Public Transportation, Shopping, Park, Golf, Medical Facility, Highway Access, Public School, T-Station, University, Sidewalks
Utilities Available for Gas Range, Washer Hookup
View Y/N Yes
View City
Roof Type Shingle
Building
Story 6
Foundation Stone
Sewer Public Sewer
Water Public
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Brian J. Fitzpatrick • Coldwell Banker Realty - Waltham
Get More Information




