Turn-Key Six-Family Apartment
For Sale
$2,695,000
252-254 Crescent Street, Waltham, MA 02453
Fully rented six-family home with updated kitchens, tiled bathrooms, hardwood floors, laundry, and off-street parking.
Property Size4,517 SF
Price / SF$596.63
Days on Market212
Property Features for 252-254 Crescent Street
General Information
Standard status
Active
Size
4,517 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Zoning
RES
Occupancy
100%
Net Operating Income
$144,000
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$25,750
Building Details
Building Size
4,517 SF
Year Built
1870
Stories
5
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty - Waltham
(781) 893-0808
Listed By:
Dave DiGregorio · License #9028021
(617) 909-7888
Source:
Churchillprop
Added: Mar 25
Changed: Oct 6
Last Checked: Oct 20 at 6:46PM
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 - Waltham
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Immaculate, fully updated turn-key six-family apartment building offered for sale and currently fully rented. The property features newer kitchens with stone tops and stainless appliances, newer tiled bathrooms, and hardwood flooring throughout. On-site laundry and a mix of off-street parking plus a garage are included.
Located on Waltham’s south side near the Charles River and within walking distance to Moody Street shops, restaurants, and public transportation. The property also provides quick access to Rte 128, Rte 2, and the Mass Pike.
A group showing is scheduled for 04/16/2026 from 5:00 PM to 6:00 PM.
Located on Waltham’s south side near the Charles River and within walking distance to Moody Street shops, restaurants, and public transportation. The property also provides quick access to Rte 128, Rte 2, and the Mass Pike.
A group showing is scheduled for 04/16/2026 from 5:00 PM to 6:00 PM.
Key Highlights
- Fully rented six‑family home, built in 1870.
- Newer kitchens with stone tops and stainless appliances.
- Newer tiled bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,873
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,797,460
$1.8M
Cap Rate 7%
$1,283,900
$1.3M
Cap Rate 9%
$998,589
$998.6K
Market Conditions
NOI Build-Up for 4,517 SF
Gross rent
$172.4K $38.16/SF
− Vacancy
−$9.0K −$1.98/SF
EGI
$163.4K $36.18/SF
− OpEx
−$73.5K −$16.28/SF
NOI
$89.9K $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%
$1,797,460
Cap Rate 7%
$1,283,900
Cap Rate 9%
$998,589
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,873 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $187,183 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,775
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully rented six-family home with updated kitchens, tiled bathrooms, hardwood floors, laundry, and off-street parking.
Where is this apartment building located?
The property is located at 252-254 Crescent Street Waltham, MA.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: Fully rented six‑family home, built in 1870.; Newer kitchens with stone tops and stainless appliances.; Newer tiled bathrooms.
