Well-Maintained Four-Unit
123-125 Chestnut Street Waltham, MA 02453
For Sale
$1,150,000
Pending
Well-maintained four-unit multifamily with one vacant apartment and off-street parking for four vehicles.
Property Size3,874 SF
Days on Market90
Property Features for 123-125 Chestnut Street
General Information
- Standard status
- Pending
- Size
- 3,874 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing Agency:
Lamacchia Realty,Inc.
Listed By:
Adriana Scholz
(617) 236-0711
Source:
Campionre
Added: Apr 26
Changed: Jul 23
Last Checked: Jul 23 at 10:18AM
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 well-maintained four-unit multifamily property includes a total of seven bedrooms and four bathrooms across four residential units. One apartment is currently vacant, offering immediate occupancy while still maintaining rental income opportunities within the same building.
Located at 123-125 Chestnut Street in Waltham, the property is described as being in the heart of downtown and just moments from Moody Street. The offering also notes convenience to public transportation, parks, shopping, and major commuter routes.
Off-street parking for four vehicles is available, supporting everyday access for residents and guests.
Located at 123-125 Chestnut Street in Waltham, the property is described as being in the heart of downtown and just moments from Moody Street. The offering also notes convenience to public transportation, parks, shopping, and major commuter routes.
Off-street parking for four vehicles is available, supporting everyday access for residents and guests.
Key Highlights
- Well‑maintained 4‑unit multifamily built in 1910
- 7 bedrooms and 4 bathrooms across four residential units
- One apartment is vacant for immediate occupancy
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 | $123.2k | $31.80 |
| − Vacancy | −$6.1k | −$1.57 |
| EGI | $117.1k | $30.23 |
| − OpEx | −$35.1k | −$9.07 |
| NOI | $82.0k | $21.16 |
3,874 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.37M
NOI $81,975 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$1.10M
$963.5K – $1.28M
NOI $77,080 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$2.29M
$2.01M – $2.68M
NOI $160,538 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit multifamily with one vacant apartment and off-street parking for four vehicles.
Where is this quadplex located?
The property is located at 123-125 Chestnut Street Waltham, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Well‑maintained 4‑unit multifamily built in 1910; 7 bedrooms and 4 bathrooms across four residential units; One apartment is vacant for immediate occupancy
