Waltham Four-Family Investment
103-105 Columbus Avenue Waltham, MA 02451
103-105 Columbus Avenue, Waltham, MA, 02451
$1,285,000
For Sale
$1,285,000
Fully rented four-family property near Main Street, Waltham.
Property Size3,787 SF
Price / SF$339.32
Days on Market110
Property Features for 103-105 Columbus Avenue
General Information
- Standard status
- Active
- Size
- 3,787 SF
- Property subtype
- Multi-family / 4 Family
Building Details
- Year Built
- 1910
Listing Agency
StartPoint Realty
(978) 422-3999
Listed by
Mark Rousseau · License #9539480
(978) 422-3999
Source
Compass
Added: Mar 29 Checked: Jul 10 at 12:21 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of StartPoint Realty
Investment Insights
Based on property information with market context.
Located on Columbus Avenue in Waltham, this four-family property presents an income-generating investment opportunity. The property is fully rented and includes off-street parking. Each unit is equipped with separate electric, gas, heating, and hot water, which are tenant-paid. The owner is responsible for water and sewer expenses. The property is situated near Main Street, offering convenient access to shops, restaurants, parks, and transportation. Its location also provides quick access to 128, Route 2, and the Mass Pike. The building size is 3787 square feet.
Key Highlights
- Great income‑generating 4‑family investment opportunity.
- Fully rented, tenants pay for separate utilities.
- Plenty of off‑street parking.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.4k | $31.80 |
| − Vacancy | −$5.9k | −$1.57 |
| EGI | $114.5k | $30.23 |
| − OpEx | −$34.3k | −$9.07 |
| NOI | $80.1k | $21.16 |
3,787 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$1.00M – $1.34M
NOI $80,134 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$1.08M
$941.9K – $1.26M
NOI $75,349 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $156,932 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully rented four-family property near Main Street, Waltham.
Where is this quadplex located?
The property is located at 103-105 Columbus Avenue Waltham, MA.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: Great income‑generating 4‑family investment opportunity.; Fully rented, tenants pay for separate utilities.; Plenty of off‑street parking.
