9-Unit Apartment
New
For Sale
$3,150,000
34-44 Cedar, Waltham, MA 02453
Two vacant, two-story buildings feature direct-entry layouts and a paved parking area serving the units.
Property Size8,276 SF
Lot Size0.33 Acres
Price / SF$380.62
Days on Market2
Property Features for 34-44 Cedar
General Information
Standard status
Active
Size
8,276 SF
Total Parking Spaces
18
Lot size
0.33 Acres
Property subtype
Commercial
Units
Unit Mix
6 x 2BR/1BA, 3 x 2.5BR/1BA
Multifamily Units
9
Taxes and HOA fees
Annual Taxes
$25,188
Building Details
Year Built
1880
Buildings
2
Stories
2
Listing Agency:
Horvath & Tremblay
(413) 333-7776
Listed By:
Kelleher - Pentore Team
(781) 776-4000
Source:
Ma-cthomes
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:49AM
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 apartment property comprises two two-story buildings with nine units and 8,276 square feet of gross living area within 12,539 square feet of gross building area. The unit mix includes six two-bedroom, one-bathroom apartments and three two-and-a-half-bedroom, one-bathroom apartments. Each unit has a direct-entry, townhouse-style layout. All units are vacant, and the property occupies a single 0.33-acre parcel.
A paved lot behind the buildings provides off-street parking for the units. The property is located in Waltham, with access to downtown, neighborhood retail corridors, employment centers, and surrounding residential areas. The buildings date to 1880.
A paved lot behind the buildings provides off-street parking for the units. The property is located in Waltham, with access to downtown, neighborhood retail corridors, employment centers, and surrounding residential areas. The buildings date to 1880.
Key Highlights
- Nine units across two buildings: six at 34‑44 Cedar St and three at 77‑81 Oak St
- 8,276 square feet of gross living area and 12,539 square feet of gross area
- Unit mix: six 2‑bedroom/1‑bathroom apartments and three 2 ½‑bedroom/1‑bathroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,664
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,293,280
$3.3M
Cap Rate 7%
$2,352,343
$2.4M
Cap Rate 9%
$1,829,600
$1.8M
Market Conditions
NOI Build-Up for 8,276 SF
Gross rent
$315.8K $38.16/SF
− Vacancy
−$16.4K −$1.98/SF
EGI
$299.4K $36.18/SF
− OpEx
−$134.7K −$16.28/SF
NOI
$164.7K $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%
$3,293,280
Cap Rate 7%
$2,352,343
Cap Rate 9%
$1,829,600
Alternative Uses
Best Use
Apartment 5plus
$2.35M
$2.06M – $2.74M
NOI $164,664 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.90M
$4.29M – $5.72M
NOI $342,955 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Residential units
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two vacant, two-story buildings feature direct-entry layouts and a paved parking area serving the units.
Where is this apartment building located?
The property is located at 34-44 Cedar Waltham, MA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Nine units across two buildings: six at 34‑44 Cedar St and three at 77‑81 Oak St; 8,276 square feet of gross living area and 12,539 square feet of gross area; Unit mix: six 2‑bedroom/1‑bathroom apartments and three 2 ½‑bedroom/1‑bathroom apartments
