Residential Income
217-219 Brown Street Waltham, MA 02453
217-219 Brown Street, Waltham, MA, 02453
$1,379,900
For Sale
$1,379,900
Each unit includes washer/dryer hookups and separate utilities, with off-street parking available.
Property Size3,933 SF
Price / SF$350.85
Days on Market77
Property Features for 217-219 Brown Street
General Information
- Standard status
- Active
- Size
- 3,933 SF
- Property subtype
- Multi-family / 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1910
Listing agency
Wal-Lex Realty
(781) 894-4321
Listed by
Jeanne Umbrello · License #9002102
(781) 894-4321
Source
Compass
Added: May 7 Updated: Jul 22 at 12:54AM Checked: Jul 22 at 11:03AM
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 Wal-Lex Realty
Investment Insights
Based on property information with market context.
This triplex includes three apartments with the same layout, offering generous room sizes and an open flow through the living room and dining room. Each unit features a large eat-in kitchen, two bedrooms, and a sizable living room that may be adapted to create an additional bedroom. Interior finishes include hardwood floors, along with pantries and storage rooms. Washer/dryer hookups are available in each unit, and residents benefit from separate utilities plus additional storage areas in the lower level.
The property is located at 217–219 Brown Street in Waltham, near the Newton line. Building improvements include a roof that is approximately seven years old, two newer hot water tanks, a newer boiler, and mostly newer windows. Off-street parking is also provided.
The property is located at 217–219 Brown Street in Waltham, near the Newton line. Building improvements include a roof that is approximately seven years old, two newer hot water tanks, a newer boiler, and mostly newer windows. Off-street parking is also provided.
Key Highlights
- Each unit includes washer/dryer hookups and separate utilities
- Hardwood flooring throughout, with pantry, storage, living room, dining room, and a kitchen layout
- 7‑year‑old roof, with 2 newer hot water tanks and a newer boiler
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 | $125.1k | $31.80 |
| − Vacancy | −$6.2k | −$1.57 |
| EGI | $118.9k | $30.23 |
| − OpEx | −$35.7k | −$9.07 |
| NOI | $83.2k | $21.16 |
3,933 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,224 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$1.12M
$978.2K – $1.30M
NOI $78,253 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $162,983 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Each unit includes washer/dryer hookups and separate utilities, with off-street parking available.
Where is this triplex located?
The property is located at 217-219 Brown Street Waltham, MA.
What is the asking price?
The asking price for this property is $1,379,900.
What are key features of this property?
This property features: Each unit includes washer/dryer hookups and separate utilities; Hardwood flooring throughout, with pantry, storage, living room, dining room, and a kitchen layout; 7‑year‑old roof, with 2 newer hot water tanks and a newer boiler
