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3 Family Homes For Sale Allston

There are currently 2 multi-families for sale in Allston. Allston is a high-demand student-rental market beside BU and Harvard’s campus. For investors it’s a high-occupancy, student-driven cash-flow market. Near-full occupancy in season supports rents despite high prices. Each listing below shows our Signal Score and an estimated cap rate.

For sale now2
Median list price$1,609,500
Median sold (12 mo)$2,362,300
Sold (12 mo)4

Current listings (2)

245 Cambridge St, Boston MA 02134
90
$1,449,000
245 Cambridge St, Boston MA 02134
3 units 6 bd3 ba3,780 sqft
Cap rate5.3%
Signal Score90
$/unit$483,000
251 Cambridge, Boston MA 02134
78
$1,770,000
251 Cambridge, Boston MA 02134
3 units 10 bd3 ba3,780 sqft
Cap rate4.4%
Signal Score78
$/unit$590,000

Get new Allston deals before they hit Zillow

Justin Rollo sends qualified investors fresh multi-family listings (and off-market deals) the day they come up.

Listings here are curated by Justin Rollo of Signal Real Estate, an investor-friendly agent who works this market every day. Allston is one of the Greater Boston markets Signal Real Estate watches most closely for multi-family opportunities — reach out if you want to move on something before it’s widely listed.

Recently sold nearby

A read on what’s actually trading — recent closed sales.

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Questions & answers

Why invest in Allston multi-family?

Allston is a high-demand student-rental market beside BU and Harvard’s campus. For investors it’s a high-occupancy, student-driven cash-flow market. Near-full occupancy in season supports rents despite high prices.

What cap rate do Allston multi-families offer?

Greater Boston multi-families generally run a 4–5.5% cap, with value-add pockets reaching 6%+. Near-full occupancy in season supports rents despite high prices. Each listing above shows an estimated cap rate based on area rents — directional, not an appraisal.

Can I house-hack a Allston 2–4 unit?

Often yes — FHA allows 3.5% down on owner-occupied 1–4 units (note the self-sufficiency test on 3–4 units), and conventional now allows 5% down on 2–4 units. Justin Rollo of Signal Real Estate can run your numbers.

How do I see new Allston multi-families first?

Sign up below and Justin Rollo will send matching listings — including off-market deals — as soon as they come up.

Justin Rollo, Broker Associate at Signal Real Estate
Justin RolloBroker Associate, Signal Real Estate · MA Lic. #9534264

Justin Rollo is a Broker Associate with Signal Real Estate (MA Lic. #9534264) and a lifelong Massachusetts resident. Over 14 years and hundreds of transactions, he has worked investment properties — multi-families and house-hacking — across Greater Boston full-time. Away from real estate, Justin is a proud dad, youth coach and local school-committee member — and a former professional poker player who still loves golf and following local sports.

📞 978-790-4381📍 25 Braintree Hill Park, Suite 200, Braintree, MA 02184
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