Six-Unit Apartment
For Sale
$2,200,000
588-590 Cambridge St, Boston, MA 02134
MULTI_FAMILY - Boston, MA
Property Size5,345 SF
Lot Size0.19 Acres
Price / SF$411.60
Days on Market95
Property Features for 588-590 Cambridge St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
7
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bathroom 5, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 7, Bathroom 2, Bathroom 4, Bathroom 3
Parking
6
Fireplace
1
Directions
Near intersection of Cambridge and Gordon Streets
Subdivision
Allston
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 Agency:
RE/MAX Select Realty · RE/MAX International
(617) 787-9800
Listed By:
Kevin Cleary · License #449530776
(617) 787-9800
Added: Apr 28
Changed: Jul 29
Last Checked: Jul 31 at 6:06AM
MLS# 73508554
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.
Investment Insights
Based on property information with market context.
This residential income property contains six apartments: five 1-bedroom units and one 2-bedroom unit. Each unit is separately metered for heat, hot water, and electricity.
The building is located at 588-590 Cambridge St, Boston, MA 02134, within an R4 zoning designation. The property includes four dedicated off-street parking spaces in the rear.
Separately metered utilities help support predictable building operations. Four leases expire August 31, 2026, one unit is tenant-at-will, and one unit is leased through July 31, 2027.
The building is located at 588-590 Cambridge St, Boston, MA 02134, within an R4 zoning designation. The property includes four dedicated off-street parking spaces in the rear.
Separately metered utilities help support predictable building operations. Four leases expire August 31, 2026, one unit is tenant-at-will, and one unit is leased through July 31, 2027.
Key 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
- Includes four dedicated off‑street parking spaces in the rear
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 |
5,345 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.79M
$1.57M – $2.09M
NOI $125,565 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.00M
$3.50M – $4.67M
NOI $280,164 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,395
Businesses Nearby
Explore this area
Business Placement
Demographics for 02134, MA
21,707
Population
9,027
Households
2.4
Avg Household Size
27
Median Age
76%
College-Educated
96%
High-School Grad
1.2 sq mi
ZIP Area
18,089
Density / Sq Mi
$75,317
Median Household Income
$49,275
Median Earnings
$2,269
Median Rent
$586,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six separately metered apartments include five 1-bedroom units and one 2-bedroom unit with four off-street parking spaces.
Where is this apartment building located?
The property is located at 588-590 Cambridge St Boston, MA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 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; Includes four dedicated off‑street parking spaces in the rear
