Four-Family Residential Income
115-117 Chestnut Street Waltham, MA 02453
115-117 Chestnut Street, Waltham, MA, 02453
$1,450,000
Pending
For Sale
$1,450,000
Pending
Well-maintained four-family building with 8 off-street parking spaces in Waltham.
Property Size4,407 SF
Days on Market85
Property Features for 115-117 Chestnut Street
General Information
- Standard status
- Pending
- Size
- 4,407 SF
- Property subtype
- Multi-family / 4 Family - 4 Units Up/Down
Building Details
- Year Built
- 1890
Listing agency
Lamacchia Realty, Inc.
(781) 786-8080
Listed by
Adriana Scholz · License #9079714
(781) 786-8080
Source
Compass
Added: Apr 28 Updated: Jul 21 at 6:43AM Checked: Jul 21 at 6:43AM
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 Lamacchia Realty, Inc.
Investment Insights
Based on property information with market context.
This confirmed four-family residential income property is described as well-maintained and includes 8 off-street parking spaces. The asset is presented as a four-unit multifamily building suitable for investors focused on rental housing.
The property is located at 115–117 Chestnut Street in Waltham. Public remarks note easy access to the Charles River and the Waltham MBTA commuter rail station, along with proximity to Bentley University, Brandeis University, and major commuting routes including Routes 95 and 90.
No additional interior or unit configuration details were provided beyond the four-family structure and the parking count.
The property is located at 115–117 Chestnut Street in Waltham. Public remarks note easy access to the Charles River and the Waltham MBTA commuter rail station, along with proximity to Bentley University, Brandeis University, and major commuting routes including Routes 95 and 90.
No additional interior or unit configuration details were provided beyond the four-family structure and the parking count.
Key Highlights
- Confirmed 4‑family property in Waltham with 8 off‑street parking spaces
- Year built 1890 with conventional (2x4‑2x6) construction
- Roof with shingle and rubber materials; exterior includes rain gutters and decks
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 | $140.1k | $31.80 |
| − Vacancy | −$6.9k | −$1.57 |
| EGI | $133.2k | $30.23 |
| − OpEx | −$40.0k | −$9.07 |
| NOI | $93.3k | $21.16 |
4,407 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.17M – $1.55M
NOI $93,254 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$1.25M
$1.10M – $1.46M
NOI $87,684 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,625 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-family building with 8 off-street parking spaces in Waltham.
Where is this quadplex located?
The property is located at 115-117 Chestnut Street Waltham, MA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Confirmed 4‑family property in Waltham with 8 off‑street parking spaces; Year built 1890 with conventional (2x4‑2x6) construction; Roof with shingle and rubber materials; exterior includes rain gutters and decks
