Duplex with Finished
New
For Sale
$899,900
31 Central Street, Waltham, MA 02453
Two separate residences offer hardwood floors, tall ceilings, and spacious rooms, with shared laundry and additional basement space.
Property Size3,270 SF
Price / SF$275.20
Days on Market6
Property Features for 31 Central Street
General Information
Standard status
Active
Size
3,270 SF
Property subtype
2 Family - 2 Units Up/Down
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
hardwood flooring
high ceilings
oversized rooms
finished basement
laundry
fully fenced yard
exterior shed
Building Details
Year Built
1880
Buildings
1
Listing Agency:
Gelineau & Associates, R.E.
(781) 894-4020
Listed By:
Paul C. Morreale · License #449505127
(781) 589-1733
Source:
Lockandkeyre
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 4 at 11:06AM
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 Gelineau & Associates, R.E.
Investment Insights
Based on property information with market context.
This 1880-built duplex contains two units within 3,270 square feet. Both residences have hardwood flooring, high ceilings, and oversized rooms. A finished basement provides laundry facilities and additional flexible space; outside, the property includes a fenced yard and a storage shed.
The property is near the Carter Street Commuter Rail stop, with access to Watertown, Newton, and highways noted as nearby connections.
The property is near the Carter Street Commuter Rail stop, with access to Watertown, Newton, and highways noted as nearby connections.
Key Highlights
- Two‑unit duplex with 3,270 square feet
- Both units feature hardwood floors, high ceilings, and oversized rooms
- Finished basement includes laundry and bonus space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,194
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,880
$1.4M
Cap Rate 7%
$988,486
$988.5K
Cap Rate 9%
$768,822
$768.8K
Market Conditions
NOI Build-Up for 3,270 SF
Gross rent
$104.0K $31.80/SF
− Vacancy
−$5.1K −$1.57/SF
EGI
$98.8K $30.23/SF
− OpEx
−$29.7K −$9.07/SF
NOI
$69.2K $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%
$1,383,880
Cap Rate 7%
$988,486
Cap Rate 9%
$768,822
Alternative Uses
Best Use
Multifamily LT 5
$988.5K
$864.9K – $1.15M
NOI $69,194 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$929.5K
$813.3K – $1.08M
NOI $65,062 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$1.94M
$1.69M – $2.26M
NOI $135,508 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,194
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer hardwood floors, tall ceilings, and spacious rooms, with shared laundry and additional basement space.
Where is this duplex located?
The property is located at 31 Central Street Waltham, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Two‑unit duplex with 3,270 square feet; Both units feature hardwood floors, high ceilings, and oversized rooms; Finished basement includes laundry and bonus space
