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Rahel Choi

I'm Rahel Choi, a bilingual (English/Korean) Natick, MA real estate agent helping first-time buyers, families, and investors across MetroWest—from first search to closing.

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Contact

  • 361 Newbury Street, Boston, MA, 02115
  • (857) 250-7248
  • choicehomesma@gmail.com

Brokerage

Exp Realty

© 2026 Rahel Choi. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 588-590 Cambridge St, Boston, MA 02134
Active Under Contract
121 Days on market
588-590 Cambridge St Boston — Photo 1 of 19

588-590 Cambridge St Boston — Photo 1 of 19

Recent Drop: $300,000

$2,500,000
$2,200,000

$2,200,000

588-590 Cambridge St, Boston, MA 02134

Boston, MA 02134 — Allston

Beds

7

Baths

6

SqFt

5,345

Style

5-9 Family

Built

1930

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$412/sqft
Local Avg (Boston)$358/sqft
15% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Boston, MA.

Property Details

Financials

Original Price$2,500,000
Annual Taxes$14,886.2

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms17
Fireplaces2
FlooringVaries
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationOther
ZoningR4

Property & Lot

Acres0.19
SqFt Lot8,255
Lot FeaturesOther

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Property History

Price Drop
$2,200,000

Was $2,350,000

Jul 15, 2026

MLS® 73508554

Price Drop
$2,350,000

Was $2,500,000

Jun 10, 2026

MLS® 73508554

Listed
$2,500,000

Apr 28, 2026

MLS® 73508554

Population

17,667

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$79K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

87.2%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Suffolk County

2,527 housing units permitted in the last 12 months (+37% vs the prior 12 months) — 2,269 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Full Boston, MA market report ZIP 02134 market data
Listing Provided By

Listing Agent: Kevin Cleary

Listing Office: RE/MAX Select Realty

MLS® Number: 73508554

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