588-590 Cambridge St, Allston $2,200,000

Sale Type: For Sale Ft2: 5,345 Lot Size: 8,255 Ref #: 73508554

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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.

Details

Ft2
5,345
Lot Size
8,255
Tax
$14,886
Listing provided courtesy of Kevin Cleary, RE/MAX Select Realty