Multifamily Property in Waltham,
For Sale
$750,000
Pending
15 Howard St, Waltham, MA 02451
Two-unit multifamily property with value-add potential in Waltham.
Property Size3,115 SF
Lot Size0.14 Acres
Days on Market318
Property Features for 15 Howard St
General Information
Standard status
Pending
Size
3,115 SF
Lot size
0.14 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$99
Building Details
Building Size
3,115 SF
Year Built
1910
Stories
2
Units
2
Listing Agency:
Boston Realty Advisors
Listed By:
Kevin Benzinger · License #9526383
(860) 424-7613
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 3
Last Checked: Oct 11 at 6:40AM
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 Boston Realty Advisors
Investment Insights
Based on property information with market context.
This two-unit multifamily property is located at the intersection of Howard Street and Main Street in Waltham, Massachusetts. The property includes 3,115 square feet of living space on a 6,186 square foot lot. Tenants have access to ample parking and convenient access to the amenities along Main Street. This property presents investors with a value-add opportunity in a Boston suburb that is experiencing growth in the Life Science and Biotech sectors.
Key Highlights
- Value‑add opportunity in a desirable suburban location.
- Convenient access to Main Street amenities.
- Ample parking for tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,915
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,318,300
$1.3M
Cap Rate 7%
$941,643
$941.6K
Cap Rate 9%
$732,389
$732.4K
Market Conditions
NOI Build-Up for 3,115 SF
Gross rent
$99.1K $31.80/SF
− Vacancy
−$4.9K −$1.57/SF
EGI
$94.2K $30.23/SF
− OpEx
−$28.2K −$9.07/SF
NOI
$65.9K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,318,300
Cap Rate 7%
$941,643
Cap Rate 9%
$732,389
Alternative Uses
Best Use
Multifamily LT 5
$941.6K
$823.9K – $1.10M
NOI $65,915 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$885.4K
$774.7K – $1.03M
NOI $61,978 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,085 @ 7.0% cap · market cap 17.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,493
Businesses Nearby
Explore this area
Business Placement
Demographics for 02451, MA
17,953
Population
7,852
Households
2.3
Avg Household Size
39
Median Age
55%
College-Educated
93%
High-School Grad
5.3 sq mi
ZIP Area
3,387
Density / Sq Mi
$119,509
Median Household Income
$66,318
Median Earnings
$2,537
Median Rent
$709,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit multifamily property with value-add potential in Waltham.
Where is this duplex located?
The property is located at 15 Howard St Waltham, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Value‑add opportunity in a desirable suburban location.; Convenient access to Main Street amenities.; Ample parking for tenants.
