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202-204 Charles Street, Waltham MA 02453

Active

202-204 Charles Street, Waltham MA 02453

$1,950,000

Estimated $4,319/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $487,500

Total Rent: 132600/year

Estimated CAP Rate:

10 Bedrooms

Baths

5632

Total Parking: 18 (5 Garage)

13,670 (0.31)

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!

This home has been viewed 14 times

Last Checked: October 20th, 2026 at 5:13am (Source: MLS PIN #73591277)

Gross Income: $132,600

Gross Expenses: $25,584

Net Income Calc: $107,016

Annual Expenses for 202-204 Charles Street, Waltham MA 02453

Total Gross Expenses (Calculated)$25,584/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax13881

Annual Income & Unit Breakdown for 202-204 Charles Street, Waltham MA 02453

Total Gross Income (Calculated)$132,600

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms3 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms3

Bathrooms3 Full

Floor2

Rent IncludesHeat

General Information for 202-204 Charles Street, Waltham MA 02453

Listing ID73591277

Property TypeMulti Family / 4 Family

Price1950000 ($346.24/SqFt)

Style4 Family

CityWaltham

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total5632

Approximate Lot Size (Acres)0.31

Total Parking18 (5 Garage)

Garage Parking5

Year Built1905

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRC

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 202-204 Charles Street, Waltham MA 02453

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsLiving Room And Primary Bedroom Rods And Curtains. Mirror In Bedroom.

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 202-204 Charles Street, Waltham MA 02453

Real Estate Taxes13881

Tax Year2026

Assessed Value$1,345,100

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 202-204 Charles Street, Waltham MA 02453

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 202-204 Charles Street, Waltham MA 02453

Agent

Name: Nicholas Neu

Office

Name: Advantage Property Team LLC

Phone: 781-209-0888

Team Members

Payment Calculator

, Interest

Property Taxes 1156.75

Principal & Interest 12015.28

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Advantage Property Team LLC

Nicholas Neu

Agent Phone

Office Phone

(781) 209-0888

Text Agent Call Agent Call Office

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    [description] => 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!
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    [unparsed] => 202-204 Charles Street, Waltham MA 02453
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EXIT

37 More Photos

Active

202-204 Charles Street, Waltham MA 02453

$1,950,000

Annual Expenses for 202-204 Charles Street, Waltham MA 02453

Annual Income & Unit Breakdown for 202-204 Charles Street, Waltham MA 02453

General Information for 202-204 Charles Street, Waltham MA 02453

Disclosures for 202-204 Charles Street, Waltham MA 02453

Financial Information for 202-204 Charles Street, Waltham MA 02453

Location Information for 202-204 Charles Street, Waltham MA 02453

Contact Information for 202-204 Charles Street, Waltham MA 02453

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Advantage Property Team LLC

Nicholas Neu