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INVESTMENT SNAPSHOT
About this property
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
| Units | 6 |
| Living area | 5,345 sqft |
| Lot size | 8,255 sqft |
| Year built | 1930 |
| Price / sqft | $468 |
| County | Suffolk |
| MLS # | 73508554 |
Listing status
| Days on market | 17 days |
| Listed on | April 28, 2026 |
Taxes & financials
| Annual property tax | $14,886 |
| Tax year | 2026 |
| Assessed value | $120,500 |
| Zoning | R4 |
| Gross income (actual) | $146,100/yr |
| Net operating income (actual) | $119,206/yr |
| Total actual rent | $12,175/mo |
| Electric expense | $2,314/yr |
| Insurance expense | $1,200/yr |
Building & lot
| Stories | 5 |
| Total rooms | 17 |
| Lot size | 0.19 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Off Street, Paved |
| Basement | Full |
| Foundation | Other |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Varies |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of RE/MAX Select Realty — Kevin Cleary. 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 588-590 Cambridge St, Boston MA 02134 have?
It is a 6-unit multi-family property with 5,345 sqft of living area, built in 1930.
How long has 588-590 Cambridge St, Boston MA 02134 been on the market?
588-590 Cambridge St, Boston MA 02134 has been listed for 17 days (since April 28, 2026).
What is the estimated cap rate on this 6-family in Boston?
Based on area median rents, the estimated cap rate is about 6.2%, with a Signal Score of 94/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $2,500,000 across 6 units, that works out to roughly $416,667 per unit.
What are the property taxes on 588-590 Cambridge St, Boston MA 02134?
Annual property taxes are $14,886 (2026), on an assessed value of $120,500.
What is the price per square foot?
At $2,500,000 for 5,345 sqft, that's about $468 per square foot.
Is there parking?
4 total parking spaces (off street, paved).
Where is this property located?
588-590 Cambridge St, Boston MA 02134 is in Boston, Suffolk County, MA 02134.
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