$3,650,000
About this home
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
- MLS
- MLS Property Information Network
- MLS #
- 73498571
- Property type
- 5-9 Family
- Subdivision
- N/A
- Status
- Active
- Days on market
- 198
- On market date
- April 8, 2026
- Stories
- 4
- Total bathrooms
- 25
- Garage spaces
- N/A
- Parking spaces
- 1
- Lot size
- 0.19 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 352
- Student:teacher ratio
- 8.2:1
- District
- Boston
- Enrollment
- 262
- Student:teacher ratio
- 7.5:1
- District
- Cambridge
- Enrollment
- 486
- Student:teacher ratio
- 11.0:1
- District
- Boston Green Academy Horace Mann Charter School (District)
Walkability
Blended score for Boston's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Boston, from live MLS data.
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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated July 1, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.