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$2,500,000

Active

588-590 Cambridge St

Boston, MA, 02134

Multi-Family · MLS #73508554

Price/sqft

$468

Days on market

New today

Year built

1930

Lot size

0.19 ac

5,345 sq ft

Sq Ft

0.19 acres

Lot

1930

Year Built

Taxes: $14,886.2 (2026)

About this home

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.

Property details

Road type
Public
Basement
Full
Electric
Circuit Breakers

Listed by Kevin Cleary · RE/MAX Select Realty

Schedule a showing

588-590 Cambridge St

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$14,924 / month

Down payment20% · $500,000
Interest rate6.50%

Loan term

Principal & interest
$12,641
Property tax
$1,241
Home insurance
$1,042

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.

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