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Active

280-282 River Street, Waltham MA 02453

$1,299,000

Estimated $3,033/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $433,000

Total Rent: 74400/year

Estimated CAP Rate:

5 Bedrooms

Baths

3264

Total Parking: 9 (2 Garage)

6,599 (0.15)

Exceptional, Turnkey, three-family opportunity in desirable South Waltham! Offering versatility for both owner-occupants and investors, this multi-family property features a larger 1,600+- square foot unit at 282 River Street, renovated in 2025, along with two additional 800+- square foot units at 280 River Street, remodeled in 2020 and 2022. The rental income from the two additional units can help offset ownership costs, while renting all three units offers the potential to maximize cash flow. Additional features include separate gas and electric utilities, two sets of washer and dryer hookups, hardwood flooring, ample off-street parking and a two-car garage with additional parking or storage. Conveniently located near the Charles River, The Charles River Walkway, major routes, schools, Bentley and Brandeis Universities, public transportation and numerous restaurant and shopping venues. An excellent opportunity for owner-occupancy with supplemental rental income or for investors seeking a 1031 exchange property. Potential for conversion to four units, subject to buyer due diligence and all applicable approvals.

This home has been viewed 16 times

Last Checked: October 18th, 2026 at 8:58am (Source: MLS PIN #73575796)

Gross Income: $74,400

Gross Expenses: $11,123

Net Income Calc: $63,277

Annual Expenses for 280-282 River Street, Waltham MA 02453

Total Gross Expenses (Calculated)$11,123/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax11123

Annual Income & Unit Breakdown for 280-282 River Street, Waltham MA 02453

Total Gross Income (Calculated)$74,400

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor1

Levels in Unit2

Rent Includes

General Information for 280-282 River Street, Waltham MA 02453

Listing ID73575796

Property TypeMulti Family / 3 Family

Price1299000 ($397.98/SqFt)

Style3 Family

CityWaltham

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total3264

Approximate Lot Size (Acres)0.15

Total Parking9 (2 Garage)

Garage Parking2

Year Built1920

Year Built SourcePublic Records

Year Built DetailsActual,Renovated Since

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRes

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 280-282 River Street, Waltham MA 02453

Lead PaintNone

UFFINo

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSwing Set

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 280-282 River Street, Waltham MA 02453

Real Estate Taxes11123

Tax Year2026

Assessed Value$1,077,800

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 280-282 River Street, Waltham MA 02453

Elementary SchoolFitzgerald

Middle SchoolMcdevitt

High SchoolWaltham

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 280-282 River Street, Waltham MA 02453

Agent

Name: Lisa Dallaire

Office

Name: Berkshire Hathaway HomeServices Commonwealth Real Estate

Phone: 781-313-2772

Payment Calculator

, Interest

Property Taxes 926.92

Principal & Interest 8004.02

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Commonwealth Real Estate

Lisa Dallaire

Agent Phone

Office Phone

(781) 313-2772

Text Agent Call Agent Call Office

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EXIT

15 More Photos

Active

280-282 River Street, Waltham MA 02453

$1,299,000

Annual Expenses for 280-282 River Street, Waltham MA 02453

Annual Income & Unit Breakdown for 280-282 River Street, Waltham MA 02453

General Information for 280-282 River Street, Waltham MA 02453

Disclosures for 280-282 River Street, Waltham MA 02453

Financial Information for 280-282 River Street, Waltham MA 02453

Location Information for 280-282 River Street, Waltham MA 02453

Contact Information for 280-282 River Street, Waltham MA 02453

Agent

Office

Payment Calculator

Exclusive Listing Agent

Berkshire Hathaway HomeServices Commonwealth Real Estate

Lisa Dallaire