Building Details

Year Built 2022

Listing Agency: Coldwell Banker Realty - Lowell Show Phone

Listed By: Katy Barry

Source: Donahuere

Added: May 14 Changed: Oct 3 Last Checked: Oct 4 at 6:18AM

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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 Coldwell Banker Realty - Lowell

Investment Insights

Based on property information with market context.

Built in 2022, this residential townhome condominium offers more than 3,700 square feet across three floors, with four bedrooms and 3.5 bathrooms. The first floor combines an open-concept living area with a kitchen featuring an island and quartz counters. Ten-foot ceilings, wood flooring, and large sliding doors connecting the interior to the yard are also part of the main level.

Two en-suite bedrooms occupy the second floor. The primary suite includes a walk-in closet and a bathroom with upgraded finishes. An expansive family room is located on the third floor.

Key Highlights

• Built in 2022 with more than 3,700 square feet of living space
• Four bedrooms and 3.5 bathrooms across three floors
• Main‑level kitchen with island and quartz counters

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$73,618

Cap Rate

5.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,472,360 $1.5M

Cap Rate 7%

$1,051,686 $1.1M

Cap Rate 9%

$817,978 $818.0K

Market Conditions

NOI Build-Up for 3,700 SF

Gross rent

$141.2K $38.16/SF

− Vacancy

−$7.3K −$1.98/SF

EGI

$133.9K $36.18/SF

− OpEx

−$60.2K −$16.28/SF

NOI

$73.6K $19.90/SF

Area

Middlesex County, MA

Vacancy

5.20%

Lease Rate

$38.16 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,472,360

Cap Rate 7%

$1,051,686

Cap Rate 9%

$817,978

Alternative Uses

Best Use

Apartment 5plus

$1.05M

$920.2K – $1.23M (±1% cap)

NOI $73,618 @ 7.0% cap · market cap 5.26%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.19M

$1.92M – $2.56M (±1% cap)

NOI $153,327 @ 7.0% cap · market cap 10.96%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Residential income properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Pet Grooming Service Pharmacy Nursing Home Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

923

Businesses Nearby

Explore this area Business Placement

Demographics for 02453, MA

31,854

Population

13,163

Households

2.4

Avg Household Size

34

Median Age

59%

College-Educated

92%

High-School Grad

3.6 sq mi

ZIP Area

8,848

Density / Sq Mi

$114,029

Median Household Income

$58,036

Median Earnings

$2,063

Median Rent

$666,300

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential income property - The main level features an open kitchen and living area with sliding doors to the yard.

Where is this residential income property located?

The property is located at 165 River St Waltham, MA.

What is the asking price?

The asking price for this property is $1,399,000.

What are key features of this property?

This property features: Built in 2022 with more than 3,700 square feet of living space; Four bedrooms and 3.5 bathrooms across three floors; Main‑level kitchen with island and quartz counters