Multi Family Homes For Sale in Allston, MA

THE ULTIMATE INVESTMENT. Fully tenanted 3 FAMILY in a prime Allston location TOGETHER WITH APPROVALS TO CONVERT TO A 6 FAMILY! The building is currently leased to 8/31/27 with gross income eclipsing $121,000/annually. When leases end, START THE EASIEST CONVERSION PROJECT GOING, simply gut the building, excavate into the basement, change the roof dormers, update utilities and build out as a 6,263 SF. MONSTER OF A 6 FAMILY BUILDING, ready for condo conversion or to be put to work as your our personal cash cow.

32 Gordon Street, Boston

Listing courtesy of Listing Agent: The Residential Group from Listing Office: Coldwell Banker Realty - Brookline.

$2,500,000

16 Beds ⋅ 8 Baths ⋅ 73549910 MLS

4-family in Brighton offering strong upside for investors with a value-add opportunity. Two large 5-bedroom units with 3 bathrooms and two units with 3-bedroom 1-bath units. One unit is vacant and available for an owner-occupant or for immediate rent growth, while existing tenants provide cash flow. Just a short walk to Boston Landing, home to the commuter rail station and Stop & Shop, The Stockyard Restaurant, a neighborhood favorite. Local bus lines are steps away at Market & Lothrop, and it's a quick drive to access the Mass Pike. This is a rare chance to acquire a well-located Brighton multifamily with real upside.

31-33 Lothrop St, Boston

Listing courtesy of Listing Agent: Chris Kostopoulos Group from Listing Office: Keller Williams Realty.

$1,400,000

8 Beds ⋅ 2 Baths ⋅ 73538278 MLS

Holy Toledo! An unprecedented opportunity has arrived on one of the most coveted, quiet one-way streets in Allston. This gigantic two-family property offers an unbeatable location just a stone's throw from Harvard Business School, Harvard Square, Trader Joe's, the Mass Pike, and Storrow Drive. The sprawling upstairs apartment spans two impressive levels, featuring formal living and dining rooms, alongside a renovated kitchen and bathroom. The oversized third-floor attic provides an exceptionally spacious blank canvas, much larger than typical neighborhood comparables, presenting an incredible potential ADU opportunity. The 1st-floor apartment is equally impressive, boasting three bedrooms and its own renovated kitchen and bathroom. Complete with a rare detached garage and a private driveway for three cars, this property is truly unmatched. Bayard Street homes rarely ever sell so here is your opportunity. Open house times to be posted soon.

14 Bayard St, Boston

Listing courtesy of Listing Agent: Kevin Cleary from Listing Office: RE/MAX Select Realty.

$1,398,000

9 Beds ⋅ 3 Baths ⋅ 73536526 MLS

Welcome to 95 Franklin Street, a rare 3-family offering in Lower Allston—one of Boston’s fastest developing neighborhoods—minutes from Harvard Square, Boston Landing, Mass Pike, Harvard Business School, cafes, restaurants, parks and public transportation! With a coveted double-bow layout with porches for each unit, parking, and many recent updates, this triple-decker gem is perfect for owner-occupants and investors alike.A front entry stairwell provides access to all three 3-bedroom, 1-bathroom units. Each unit features spacious living rooms and updated eat-in kitchens (with dishwashers and pantries), three bedrooms and a large central foyer. Recent updates include rebuilt front porches as well as newer furnaces and hot water heaters.Institutional development is leading this well-situated and convenient neighborhood into a new era, with hip new cafes and restaurants, vibrant new public spaces—and tremendous opportunity for savvy buyers!

95 Franklin St, Boston

Listing courtesy of Listing Agent: Lewis Carroll Team from Listing Office: Compass.

$2,775,000

14 Beds ⋅ 6 Baths ⋅ 73530082 MLS

PRIME ALLSTON LOCATION! Incredible investment opportunity on highly desirable Ashford Street in the heart of Allston, just steps from Boston University. This turnkey oversized side-by-side two-family offers an exceptional combination of location, condition, and income, with a stable rental history generating $192,000 in annual gross rent. Major capital improvements have already been completed, including a new roof in 2022. Unit 22 was extensively renovated in 2023 with a new kitchen, bathrooms, bedrooms, and luxury vinyl flooring throughout. Unit 20 underwent similar renovations in 2025, featuring a new kitchen, bathrooms, updated bedrooms, and luxury vinyl flooring throughout. Large rental properties of this caliber rarely come to market in such a sought-after location near BU. A true turnkey asset offering strong cash flow, modernized interiors, and long-term investment potential in one of Boston's most proven housing markets.

20-22 Ashford St, Boston

Listing courtesy of Listing Agent: Josh Bryan from Listing Office: EDGE Realty Advisors.

$2,549,000

16 Beds ⋅ 6 Baths ⋅ 73529505 MLS

Rare value add and redevelopment opportunity in the heart of Allston. This side by side two family offers 16 bedrooms, 6 baths, 6 off street parking spaces, and a large basement with exceptional ceiling height on a 5,951 SF R2 lot. Unit 20 leased at $10,400/month, providing strong in place income, while Unit 22 is leased at $6,583/month with significant upside supported by prior MLS rental history. All utilities are tenant paid. Ideal for investors seeking immediate cash flow pursuing future value add or redevelopment opportunities. Positioned steps from BU, the Green Line, Barry’s Corner, Harvard’s Enterprise Research Campus, the $2B Allston Multimodal Project, and Harvard’s planned 358 acre expansion, placing the property in one of Boston’s most compelling long term investment corridors. Pro forma available upon request.

20-22 Highgate St, Boston

Listing courtesy of Listing Agent: Waypoint Realty Group from Listing Office: Coldwell Banker Realty - Boston.

$5,675,000

25 Beds ⋅ 8 Baths ⋅ 73518934 MLS

BRAND NEW, FULLY GUT RENOVATED APARTMENT BUILDING FOR SALE OFF COMM AVE - Turnkey/Condo quality 7 unit apartment building located in a prime Allston location. ~$402,600 Gross income through 8/31/26. Lots of upside potential in the rents! All plumbing and electrical was newly updated, a full sprinkler system was installed, new energy efficient windows, designer Kitchens & Bathrooms, Gleaming New Hardwood flooring. Brand New Gas HVAC and separate water meters (Tenants pay all utilities). The property is located in between Boston College, Boston University, Saint Elizabeth's Medical Center, New Balance Headquarters as well as the ever-expanding Boston Landing mixed-use project. The subject property sits just 200 feet from the Allston Street Station on the Green Line which allows tenants easy access to all of Boston. Pro-forma and floor plans available upon request.

159-161 Allston, Boston

Listing courtesy of Listing Agent: Sean Rose from Listing Office: City Realty Group.

$1,680,000

10 Beds ⋅ 3 Baths ⋅ 73509786 MLS

BRICK 3-FAM FOR SALE - Exceptional investment opportunity in the heart of Allston! 251 Cambridge St is a well-positioned three-unit property with tremendous upside potential close to Harvard University and Boston University's campuses. Ideally located near public transportation, highway access via I-90, local dining, and retail, the property benefits from consistent rental demand and high tenant appeal. Unit 3 is recently renovated and units 1 & 2 are TAW's, giving the buyer the ability to upgrade and add value upon purchase. Whether you're expanding your portfolio or seeking a prime Boston-area income property, this offering delivers both stability and growth potential.

251 Cambridge, Boston

Listing courtesy of Listing Agent: Sean Rose from Listing Office: City Realty Group.

$2,200,000

7 Beds ⋅ 6 Baths ⋅ 73508554 MLS

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.

588-590 Cambridge St, Boston

Listing courtesy of Listing Agent: Kevin Cleary from Listing Office: RE/MAX Select Realty.

$899,000

4 Beds ⋅ 2 Baths ⋅ 73505963 MLS

2-4 Holmes St, Boston, MA, this 1890 multi-family residence offers 1,920 square feet of well-maintained living space, presenting a strong turn-key investment opportunity. Professionally managed with long-term tenants; current occupants are professionals with no late payments or issues. Leases run through 8/31/26 and offer renewal or repositioning potential. Unit 2 is on the first floor, Unit 4 above; layouts are nearly identical. Shared amenities include a large fenced backyard, side yard, and basement with laundry and storage. Ideal for investors or owner-occupants. Tenants pay utilities, including gas heat and hot water. Rubber roof replaced in 2024. Located in vibrant Allston, steps from Harvard Ave and Brighton Ave, near dining, shops, and nightlife with rental demand and convenient transit access to downtown Boston and Cambridge. Proximity to Boston & Harvard University drives strong rental demand, while convenient MBTA Green Line. Virtual Tour Avail

2-4 Holmes St, Boston

Listing courtesy of Listing Agent: Leland E. Dimeco from Listing Office: Boston Green Realty.

$1,950,000

7 Beds ⋅ 3 Baths ⋅ 73504559 MLS

Situated on a pronounced corner lot is an exquisite two family residence. The home underwent an extensive restoration and renovation which included a third floor addition. Comprised of two palatial units. The first floor is an expansive and open residence offering 2 bedrooms, 1 bathroom and office. The upper floor duplex presents 5 bedrooms, 2 full bathrooms, a lofted study and direct access to front facing deck space overlooking manicured grounds. Accented by a 3rd floor primary bedroom offering 3 exposures and a spa inspired bathroom. Both units feature private laundry, central HVAC, hardwood floors and tall ceilings. The kitchens are the envy of even the most discerning chef with abundant cabinet storage, spacious stone counters and stainless appliances. The building has 4 decks, off street parking for 6 cars and direct access to the basement with generous storage for all. A perfect opportunity for a primary home owner or investor looking for a turn key portfolio addition.

14-16 Aldie Street, Boston

Listing courtesy of Listing Agent: Mark Ruane from Listing Office: MGS Group Real Estate LTD.

$1,490,000

8 Beds ⋅ 3 Baths ⋅ 73504545 MLS

Investors: Turnkey 10%+ Cap Potential in the Heart of Allston. Discover a high-yield powerhouse just minutes from Allston Village and HBS. This well maintained two-family is a rare "buy-and-hold" gem. The first floor features a spacious, updated 2BR/1BA, while the massive second unit is currently optimized as a 6BR/2BA rental machine. Current monthly income is $9,700 but with a projected rent of $13,000, the growth is built-in. The expansive basement offers a blueprint for a future 3-bedroom unit (drawings available) for an additional $3,000/month in cash flow. Hardwood floors throughout, updated kitchens/baths, newer heating systems, and a large fenced backyard. Prime Location: 5-minute walk to the B-Line, easy Mass Pike access, and close to Allston’s best dining.All offers due by Monday, April 27, 2026, at 5pm. The owner reserves the right to review, accept, or to negotiate with any party, or to decline all submissions at their sole discretion.

36 Gordon, Boston

Listing courtesy of Listing Agent: Rubee Hans from Listing Office: Beljen Properties.

$1,674,000

6 Beds ⋅ 6 Baths ⋅ 73473905 MLS

Welcome to 84 Linden Street — a beautifully maintained 2013 Ground Up Development, extra-large two-family property featuring two multi-level 3-bedroom, 3-bathroom units. Each unit offers central air conditioning, in-unit laundry, and dedicated parking, making this an ideal opportunity for both investors and owner-occupants.Located in the desirable Allston Village neighborhood, the property provides easy access to the MBTA, shops, restaurants, Boston University, and all that the surrounding area has to offer. Previously leased for over $10,000 per month- The building will be delivered vacant, presenting a unique value-add opportunity. A carriage house at the rear of the property offers potential for ADU conversion (3rd unit) ; architectural plans have been drawn but are not approved. Property to be sold as-is with plans, and buyers are to perform their own due diligence.

84 Linden, Boston

Listing courtesy of Listing Agent: Scott Cordner from Listing Office: Block Realty.

$2,699,000

14 Beds ⋅ 6 Baths ⋅ 73447466 MLS

Astounding Allston Village - Turnkey Investment Opportunity. This beautifully updated Brick Three Family is fully leased until August 31st 2026. Each unit has been upgraded with modern kitchens and bathrooms. Moments away from Allston Village Green Line. The vibrant neighborhood offers ample dining and shopping options.

83 Glenville Ave, Boston

Listing courtesy of Listing Agent: Jerome Bibuld from Listing Office: Red Tree Real Estate.

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Multi Family Homes For Sale in Allston, MA

Explore multi family homes for sale in Allston, MA, a thriving Boston neighborhood known for its strong rental market, diverse housing options, and prime location. Whether you're an investor looking for an income-generating property or a homeowner seeking a multi-unit residence, Allston offers a variety of multi family homes, from classic triple-deckers to modern duplexes.

Allston’s popularity among students, professionals, and young families makes it a top choice for multi family investments. The neighborhood is home to Boston University, Harvard Business School, and numerous local shops, restaurants, and entertainment venues. With excellent access to public transportation via the MBTA Green Line, major bus routes, and the Mass Pike, commuting to downtown Boston and beyond is seamless. Multi family homes for sale in Allston, MA present a fantastic opportunity to own property in one of Boston’s most in-demand rental markets.

Ready to explore multi family homes in Allston? Browse our updated listings today to find properties that align with your investment goals or personal living needs. Start your search now and stay connected with the latest updates on Allston’s real estate market!

At MA New Listings | Coldwell Banker, we take pride in helping clients find the perfect Cambridge, MA homes for sale to fit their lifestyle. Whether you’re searching for a historic property, a modern condo, or a family-friendly home, our expert team is here to guide you through the process. Contact us today to browse our listings and start your journey to your dream home.

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