Multi Family · Fixer

202-204 Charles Street

Waltham, MA 2453 · MLS 73591277

$1,795,000

5,632 sqft

  • Beds—
  • Baths—
  • Sq Ft5,632
  • Year1905
  • Style—
  • $ / Sq Ft$319
  • HOA—
  • Taxes$13,881
  • Parking8
  • Lot13670.0
  • MLS73591277
  • StatusActive

About this home

Rare opportunity to acquire a substantial legal four-family property in Waltham offering 5,632 SF of residential living area on an impressive 13,670 SF lot! This income-producing property features four spacious apartments with a seller-reported mix of two 2-bedroom and two 3-bedroom residences, each with one full bathroom. Current rental income totals $11,050 per month ($132,600 annually), with additional opportunity to increase rents over time. Tenants pay their own unit utilities, three of the four apartments feature central air conditioning, and all units offer in-unit laundry hookups. The apartments have received updates over the years. A standout feature is the expansive paved parking area and substantial detached garage/storage building offering three single bays and one larger double-width bay. Currently utilized for dry storage, the garage provides valuable accessory space and is being conveyed as-is. Conveniently located near Downtown Waltham, Moody Street, commuter rail, shopping, restaurants, and major commuting routes. An exceptional opportunity for investors seeking established rental income, future rental upside, generous parking, and a property with features rarely found together in a Waltham four-family!

Location

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More about Waltham

Waltham Profile Snapshot
Primary Vibe Diverse city with dining on Moody Street, tech presence, and residential streets. Popular with buyers seeking relative value and amenities.
Housing Prices More approachable than closer-in areas. Prices vary by condition and location. Multi-family homes offer rental potential.
Commute to Boston Commuter rail and highway access provide convenience. Driving and bus options exist. Parking is generally more available than downtown.
Schools Served by Waltham Public Schools. Confirm assignments with the district.
Market Demand supported by location and amenities. Updated properties near transit or Moody Street attract interest.
Housing Styles Multi-family homes, condominiums, and single-family houses. Newer infill appears near commercial areas.

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Listing information is believed accurate but is not guaranteed and should be independently verified. Courtesy of the listing office shown.