Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Closed

181 School Street, Waltham MA 02451

$2,595,000

Estimated $5,350/month Calculator

Multi Family

Total Units: 11

Price Per Unit: $235,909.09

Total Rent: 66600/year

Estimated CAP Rate:

11 Bedrooms

Baths

4868

Total Parking: 10

6,151 (0.14)

RARE OFFERING IN WALTHAM. 11 STUDIO APARTMENTS IN BRICK/STUCCO BUILDING. GOOD SIZED STUDIOS WITH FULLY APPLIANCED KITCHENS AND FULL BATHS. EASY LOW MAINTENANCE BUILDING. BRIGHT, SUNNY, RENOVATED UNITS. FULLY RENTED WITH EXCELLENT RENTAL HISTORY. UNITS SLIGHTLY UNDER RENTED FOR THE WALTHAM MARKET. POTENTIAL TO INCREASE RENTS FOR ANNUAL GROSS INCOME OF AN ESTIMATED $200,000 PER YEAR. ALL UNITS ARE CURRENTLY TENANT AT WILL. LAUNDRY ON SITE WITH COIN-OPERATED MACHINES FOR ADDITIONAL INCOME. ENERGY EFFICIENT GAS HEAT. WALL-UNIT AIR CONDITIONERS IN EACH UNIT. AMPLE PARKING. CONVENIENT DOWNTOWN LOCATION WITH EASY ACCESS TO TRANSPORTATION, SHOPPING, LIBRARY AND RESTAURANTS. EXCELLENT INVESTMENT OPPORTUNITY.

This home has been viewed 68 times

Last Checked: May 7th, 2024 at 2:30am (Source: MLS PIN #72991168)

Gross Income: $66,600

Gross Expenses: $23,613

Net Income Calc: $42,987

Water Views

Annual Expenses for 181 School Street, Waltham MA 02451

Total Gross Expenses (Calculated)$23,613/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax13702

Annual Income & Unit Breakdown for 181 School Street, Waltham MA 02451

Total Gross Income (Calculated)$66,600

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 181 School Street, Waltham MA 02451

Listing ID72991168

Property TypeMulti Family

Price2595000 ($533.07/SqFt)

Style5+ Family - 5+ Units Up/down

CityWaltham

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total4868

Approximate Lot Size (Acres)0.14

Total Parking10

Garage Parking0

Year Built1968

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningBusiness B

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 181 School Street, Waltham MA 02451

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Belongings

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2.0

Compensation Based OnGross/full Sale Price

Financial Information for 181 School Street, Waltham MA 02451

Real Estate Taxes13702

Tax Year2022

Assessed Value$1,230,000

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 181 School Street, Waltham MA 02451

Elementary SchoolPlympton

Middle SchoolMcdevitt

High SchoolWhs

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 181 School Street, Waltham MA 02451

Agent

Name: Glenna Gelineau

Office

Name: Gelineau & Associates, R.E.

Phone: 781-894-4020

Payment Calculator

, Interest

Property Taxes 1141.83

Principal & Interest 15989.56

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Gelineau & Associates, R.E.

Glenna Gelineau

Agent Phone

Office Phone

(781) 894-4020

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.14 acres (6,151 SqFt)
    [add_date] => 2024-05-07 02:30:54
    [address] => School Street
    [agent] => Array
        (
            [address] => 177 Chaffee Avenue
            [city] => Waltham
            [id] => B9500123
            [name] => Glenna Gelineau
            [national_association] => 449501018
            [office] => AN0836
            [state] => MA
            [zip] => 02154
        )

[apod_available] => Array
        (
            [0] => Yes
        )

[appliances] => Array
        (
            [0] => Range
        )

[approx_living_area_total] => 4868
    [approx_lot_size_acres] => 0.14
    [approx_lot_size_sqft] => 6151
    [assessed_value] => $1,230,000
    [association] => 
    [association_fee] => Array
        (
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => 0
    [basement] => Array
        (
        )

[bathrooms] => 
    [bedrooms] => 11
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
            [0] => Public Records
        )

[building_management] => Array
        (
        )

[building_debug] => 
    [building_id] => 
    [building_parent] => 0
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 2.0
    [buyer_agent_id] => CN240566
    [buyer_office_id] => AN0836
    [c_style] => Array
        (
        )

[c_type] => Array
        (
            [0] => Multi Family
        )

[cap_rate] => 
    [city] => Waltham
    [community_features] => Array
        (
            [0] => Walk/jog Trails
        )

[compensation_based_on] => Array
        (
            [0] => Gross/full Sale Price
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
        )

[construction_status] => 
    [cooling] => Array
        (
            [0] => 1
            [1] => Split
        )

[cooperating_agent_commission] => Array
        (
        )

[county] => Middlesex
    [cultivation_acres] => 
    [date_available_note] => 
    [deposit_amount] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => RARE OFFERING IN WALTHAM. 11 STUDIO APARTMENTS IN BRICK/STUCCO BUILDING. GOOD SIZED STUDIOS WITH FULLY APPLIANCED KITCHENS AND FULL BATHS. EASY LOW MAINTENANCE BUILDING. BRIGHT, SUNNY, RENOVATED UNITS. FULLY RENTED WITH EXCELLENT RENTAL HISTORY. UNITS SLIGHTLY UNDER RENTED FOR THE WALTHAM MARKET. POTENTIAL TO INCREASE RENTS FOR ANNUAL GROSS INCOME OF AN ESTIMATED $200,000 PER YEAR. ALL UNITS ARE CURRENTLY TENANT AT WILL.  LAUNDRY ON SITE WITH COIN-OPERATED MACHINES FOR ADDITIONAL INCOME. ENERGY EFFICIENT GAS HEAT. WALL-UNIT AIR CONDITIONERS IN EACH UNIT. AMPLE PARKING. CONVENIENT DOWNTOWN LOCATION WITH EASY ACCESS TO TRANSPORTATION, SHOPPING, LIBRARY AND RESTAURANTS. EXCELLENT INVESTMENT OPPORTUNITY.
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
            [0] => 220 Volts
        )

[electric_expense] => Array
        (
        )

[elementary_school] => Plympton
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => 
    [entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
            [0] => Personal Belongings
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 2.0
    [fee_paid_by_tennant] => 
    [financial_data_source] => Array
        (
            [0] => Estimated
        )

[fireplaces] => Array
        (
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
            [0] => Tile
        )

[for_sale_by_owner] => 
    [foundation_area] => 
    [foundation_materials] => Array
        (
        )

[frontage_length] => 
    [full_baths] => 
    [garage_parking] => 0
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
        )

[gross_income] => Array
        (
        )

[half_baths] => 
    [handicap_access] => 
    [heating] => 
    [heating_expense] => Array
        (
        )

[high_school] => Whs
    [horse_features] => Array
        (
        )

[horse_permitted] => 
    [hot_water] => Array
        (
        )

[id] => 
    [insurance_expense] => Array
        (
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
            [0] => French Doors
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2024-05-07 02:30:54
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => Array
        (
        )

[levels_in_unit] => 
    [living_area] => 
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
            [0] => Yes
        )

[lot_features] => Array
        (
            [0] => Gentle Sloping
        )

[management_expense] => Array
        (
        )

[middle_school] => Mcdevitt
    [miscellaneuos_expense] => Array
        (
        )

[mls_area] => 
    [mls_id] => 72991168
    [neighborhoods] => 
    [net_income_calc] => 42987
    [net_operating_income] => Array
        (
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 11
    [office] => Array
        (
            [id] => AN0836
            [name] => Gelineau & Associates, R.E.
            [phone] => 781-894-4020
        )

[operating_expense] => Array
        (
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
            [0] => 1
        )

[pasture_area] => 
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => 
    [pet_policy] => Array
        (
            [0] => Allowed
        )

[phone] => 
    [pool_features] => Array
        (
        )

[price] => 2595000
    [price_per_sqft] => 533.07
    [price_per_unit] => 235909.09090909
    [private_pool] => 
    [property_sub_type] => Array
        (
            [0] => 5+ Family - 5+ Units Up/down
        )

[real_estate_tax] => 13702
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
            [0] => Heat
        )

[repair_maintenance_expense] => Array
        (
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
            [0] => Asphalt/fiberglass Shingles
        )

[rooms] => 12
    [schools] => 
    [senior_community] => 
    [sewer] => Array
        (
            [0] => Public Sewer
        )

[sewer_expense] => Array
        (
        )

[short_sale] => Array
        (
        )

[special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Closed
        )

[street_number] => 181
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 1
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 1
    [tax_year] => 2022
    [team] => 
    [team_agents] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => 
    [title_5] => 
    [total_gross_expense] => 23613
    [total_gross_income] => 66600
    [total_parking] => 10
    [trash_expense] => Array
        (
        )

[travel_routes] => 
    [uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Full
    [unit_1_bedrooms] => 1
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => Y
        )

[unit_1_levels] => 1
    [unit_1_rent] => Array
        (
        )

[unit_2_bathrooms] => 1 Full
    [unit_2_bedrooms] => 1
    [unit_2_floor] => 1
    [unit_2_lease] => Array
        (
            [0] => Y
        )

[unit_2_levels] => 1
    [unit_2_rent] => Array
        (
        )

[unit_3_bathrooms] => 1 Full
    [unit_3_bedrooms] => 1
    [unit_3_floor] => 1
    [unit_3_lease] => Array
        (
            [0] => N
        )

[unit_3_levels] => 1
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 1 Full
    [unit_4_bedrooms] => 1
    [unit_4_floor] => 2
    [unit_4_lease] => Array
        (
            [0] => N
        )

[unit_4_levels] => 1
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => 181 School Street, Waltham MA 02451
    [utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
            [0] => Public
        )

[water_expense] => Array
        (
        )

[water_views] => Array
        (
            [0] => No
        )

[water_views_features] => Array
        (
        )

[waterfront] => 
    [waterfront_features] => Array
        (
        )

[year_built] => 1968
    [year_built_details] => Approximate
    [year_built_source] => Public Records
    [year_renovated] => 
    [zip] => 02451
    [zips] => 
    [zoning] => Business B
    [zoning_details] => 
    [media] => Array
        (
            [0] => https://www.bostonrealestate.com/wp-content/uploads/WPL/332755/MLS1.jpg
            [1] => https://media.mlspin.com/photo.aspx?mls=72991168&w=1024&h=768&n=2
            [2] => https://media.mlspin.com/photo.aspx?mls=72991168&w=1024&h=768&n=3
            [3] => https://media.mlspin.com/photo.aspx?mls=72991168&w=1024&h=768&n=4
            [4] => https://media.mlspin.com/photo.aspx?mls=72991168&w=1024&h=768&n=5
            [5] => https://media.mlspin.com/photo.aspx?mls=72991168&w=1024&h=768&n=6
            [6] => https://media.mlspin.com/photo.aspx?mls=72991168&w=1024&h=768&n=7
            [7] => https://media.mlspin.com/photo.aspx?mls=72991168&w=1024&h=768&n=8
            [8] => https://media.mlspin.com/photo.aspx?mls=72991168&w=1024&h=768&n=9
            [9] => https://media.mlspin.com/photo.aspx?mls=72991168&w=1024&h=768&n=10
            [10] => https://media.mlspin.com/photo.aspx?mls=72991168&w=1024&h=768&n=11
            [11] => https://media.mlspin.com/photo.aspx?mls=72991168&w=1024&h=768&n=12
            [12] => https://media.mlspin.com/photo.aspx?mls=72991168&w=1024&h=768&n=13
            [13] => https://media.mlspin.com/photo.aspx?mls=72991168&w=1024&h=768&n=14
            [14] => https://media.mlspin.com/photo.aspx?mls=72991168&w=1024&h=768&n=15
        )

[raw] => 
)

EXIT

13 More Photos

Closed

181 School Street, Waltham MA 02451

$2,595,000

Annual Expenses for 181 School Street, Waltham MA 02451

Annual Income & Unit Breakdown for 181 School Street, Waltham MA 02451

General Information for 181 School Street, Waltham MA 02451

Disclosures for 181 School Street, Waltham MA 02451

Financial Information for 181 School Street, Waltham MA 02451

Location Information for 181 School Street, Waltham MA 02451

Contact Information for 181 School Street, Waltham MA 02451

Agent

Office

Payment Calculator

Exclusive Listing Agent

Gelineau & Associates, R.E.

Glenna Gelineau