Two-Family
New
For Sale
$949,999
32 Oak Street, Waltham, MA 02453
Vacant interiors include hardwood-floored bedrooms, a full basement, off-street parking, and yard space.
Property Size2,332 SF
Days on Market3
Property Features for 32 Oak Street
General Information
Standard status
Active
Size
2,332 SF
Total Parking Spaces
5
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,145
Amenities
off-street parking
yard
full basement
Building Details
Building Size
2,332 SF
Year Built
1910
Buildings
1
Listing Agency:
Wal-Lex Realty
Listed By:
Jeanne Umbrello · License #9002102
(781) 894-4321
Source:
Classifiedrealtygroup
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 1:59AM
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
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Investment Insights
Based on property information with market context.
This 1910 duplex contains two family residences, with generously sized living areas and bedrooms featuring hardwood floors and natural light. A full basement provides storage, while the property also includes off-street parking and a yard.
The home is near train service, shops, Brandeis University, a bike path, and highways. Its vacant status allows for straightforward access to the interiors.
The home is near train service, shops, Brandeis University, a bike path, and highways. Its vacant status allows for straightforward access to the interiors.
Key Highlights
- Two‑family duplex built in 1910
- Bedrooms feature hardwood flooring and natural light
- Full basement for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,346
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$986,920
$986.9K
Cap Rate 7%
$704,943
$704.9K
Cap Rate 9%
$548,289
$548.3K
Market Conditions
NOI Build-Up for 2,332 SF
Gross rent
$74.2K $31.80/SF
− Vacancy
−$3.7K −$1.57/SF
EGI
$70.5K $30.23/SF
− OpEx
−$21.1K −$9.07/SF
NOI
$49.3K $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%
$986,920
Cap Rate 7%
$704,943
Cap Rate 9%
$548,289
Alternative Uses
Best Use
Multifamily LT 5
$704.9K
$616.8K – $822.4K
NOI $49,346 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$662.8K
$580.0K – $773.3K
NOI $46,399 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,637 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,732
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant interiors include hardwood-floored bedrooms, a full basement, off-street parking, and yard space.
Where is this duplex located?
The property is located at 32 Oak Street Waltham, MA.
What is the asking price?
The asking price for this property is $949,999.
What are key features of this property?
This property features: Two‑family duplex built in 1910; Bedrooms feature hardwood flooring and natural light; Full basement for storage
