Four-Unit Apartment
For Sale
$1,100,000
30 Cedar Street, Waltham, MA 02453
Each residence has a direct-entry layout, with utilities separately metered to tenants.
Property Size3,368 SF
Lot Size0.07 Acres
Price / SF$326.60
Days on Market9
Property Features for 30 Cedar Street
General Information
Standard status
Active
Size
3,368 SF
Total Parking Spaces
4
Lot size
0.07 Acres
Property subtype
Multi-family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Horvath & Tremblay
Listed By:
Tess Kohanski · License #9562955
(617) 213-7880
Source:
Sredboston
Added: Oct 3
Changed: Oct 11
Last Checked: Oct 11 at 9:03AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
This 1900-built, multi-story apartment property contains four 1-bedroom, 1-bathroom units. Gross living area totals 3,369 square feet within 5,436 square feet of gross area. Each unit has direct entry, and four off-street parking spaces are positioned at the front of the building. The property occupies a 0.07-acre corner parcel at 30 Cedar St in Waltham, Massachusetts.
Tenants pay separately metered electricity, oil-fired FHW baseboard heat, and oil-fired hot water. The landlord provides city water and sewer.
Tenants pay separately metered electricity, oil-fired FHW baseboard heat, and oil-fired hot water. The landlord provides city water and sewer.
Key Highlights
- Four 1‑bedroom/1‑bathroom apartments
- 3,369 square feet of gross living area; 5,436 square feet of gross area
- Four off‑street parking spaces at the front of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,268
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,425,360
$1.4M
Cap Rate 7%
$1,018,114
$1.0M
Cap Rate 9%
$791,867
$791.9K
Market Conditions
NOI Build-Up for 3,368 SF
Gross rent
$107.1K $31.80/SF
− Vacancy
−$5.3K −$1.57/SF
EGI
$101.8K $30.23/SF
− OpEx
−$30.5K −$9.07/SF
NOI
$71.3K $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%
$1,425,360
Cap Rate 7%
$1,018,114
Cap Rate 9%
$791,867
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$890.9K – $1.19M
NOI $71,268 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$957.3K
$837.7K – $1.12M
NOI $67,012 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$1.99M
$1.74M – $2.33M
NOI $139,569 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,574
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
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?
Quadplex - Each residence has a direct-entry layout, with utilities separately metered to tenants.
Where is this quadplex located?
The property is located at 30 Cedar Street Waltham, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four 1‑bedroom/1‑bathroom apartments; 3,369 square feet of gross living area; 5,436 square feet of gross area; Four off‑street parking spaces at the front of the building
