588-590 Cambridge St, Boston, MA 02134
MULTI_FAMILY - Boston, MA
- Added:
- Apr 28, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 14 at 7:06 pm
Property Features for 588-590 Cambridge St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 7
- Bathrooms
- 6
- Rooms
- Bathroom 6, Bedroom 2, Bedroom 3, Bathroom 5, Bathroom 1, Bathroom 2, Bedroom 7, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 5, Bathroom 4, Bedroom 4
- Parking
- 4
- Fireplace
- 1
- Standard status
- Active
- APN
- W:21 P:01222 S:000
- Size
- 5,345 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 14886
Building Details
- Year built
- 1930
- Floors in Building
- 5
- Number of units
- 6
Listing agent Kevin Cleary License #449530776 (617) 787-9800
Listing office RE/MAX Select Realty 420 Market Street, Boston, MA (617) 787-9800
Listing date Apr 28, 2026
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Multi‑family building built in 1930 with 5 one‑bedroom apartments and 1 two‑bedroom apartment
- All units are separately metered for heat, hot water, and electricity
- Fireplace included in the property
- Four dedicated off‑street parking spaces located in the rear
- Lease expirations: 4 leases expire August 31, 2026; 1 tenant‑at‑will; 1 unit leased through July 31, 2027
Overview
Zoned R4, this residential income property is described as being steps from the Green Line and within close reach of major universities and local dining, supporting tenant convenience for everyday commuting and errands.
For buyers seeking a small multifamily with a manageable unit count, the current lease rollover schedule may be a key consideration. Four leases expire August 31, 2026, one unit is tenant-at-will, and one unit is leased through July 31, 2027. That mix of term lengths creates defined points in time to review renewals. The offering is structured as a for-sale transaction; request the full financial breakdown from the listing agent for details supporting underwriting and expected operating costs.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $237.3k | $44.40 |
| − Vacancy | −$9.0k | −$1.69 |
| EGI | $228.3k | $42.71 |
| − OpEx | −$102.7k | −$19.22 |
| NOI | $125.6k | $23.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.141092
- Latitude
- 42.352003
