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INVESTMENT SNAPSHOT
About this property
This is your chance to own 556 Cambridge Street, an existing office building and 32 Gordon Street, an existing 3 family, on contiguous lots, together w/approved plans to raze the office building and replace it with a 4 story, 14 unit residential building + separately approved plans to convert the 3 family to a 6 family via gut rehab, expansion into the basement + the addition of roof dormers. The 556 Cambridge Street property is being permitted as a condominium project w/11 market rate + 3 affordable units and a mix that includes (1) 2 bed/2 bath, (7) 1 beds + (6) studios. The 32 Gordon Street property can be developed for sale or rent and is designed to have (2) 1 beds, (3) 2 bed/2 baths + (1) 3 bed/2 bath unit, all market rate. The existing commercial building has short term tenants. The 3 family has longer term tenants. 2 separate deeds sold as a package w/building permits ready to issue. Put your money to work and transform this desirable corner of Allston into 20 new units!
Property details
| Units | 20 |
| Living area | 17,410 sqft |
| Lot size | 8,172 sqft |
| Year built | 2027 |
| Price / sqft | $215 |
| County | Suffolk |
| MLS # | 73498571 |
Listing status
| Days on market | 55 days |
| Listed on | April 8, 2026 |
Taxes & financials
| Annual property tax | $52,811 |
| Tax year | 2026 |
| Assessed value | $2,692,700 |
| Zoning | 3F-4000 |
| Total actual rent | $0/mo |
Building & lot
| Stories | 4 |
| Total rooms | 60 |
| Lot size | 0.19 acres |
| Garage spaces | 0 |
| Parking spaces | 1 |
| Parking | Off Street |
| Foundation | Other |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of Coldwell Banker Realty - Brookline — The Residential Group. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 556 Cambridge/32 Gordon Package, Boston MA 02134 have?
It is a 20-unit multi-family property with 17,410 sqft of living area, built in 2027.
How long has 556 Cambridge/32 Gordon Package, Boston MA 02134 been on the market?
556 Cambridge/32 Gordon Package, Boston MA 02134 has been listed for 55 days (since April 8, 2026).
What is the estimated cap rate on this 20-family in Boston?
Based on area median rents, the estimated cap rate is about 13.7%, with a Signal Score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $3,750,000 across 20 units, that works out to roughly $187,500 per unit.
What are the property taxes on 556 Cambridge/32 Gordon Package, Boston MA 02134?
Annual property taxes are $52,811 (2026), on an assessed value of $2,692,700.
What is the price per square foot?
At $3,750,000 for 17,410 sqft, that's about $215 per square foot.
Is there parking?
1 total parking space (off street).
Where is this property located?
556 Cambridge/32 Gordon Package, Boston MA 02134 is in Boston, Suffolk County, MA 02134.
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