Mansard-Style Six-Unit Apartment
408-410 Crescent Street Waltham, MA 02453
For Sale
$2,088,000
Distinctive mansard style building with six one-bedroom, one-bath units, all currently rented.
Property Size4,642 SF
Price / SF$449.81
Days on Market8
Property Features for 408-410 Crescent Street
General Information
- Standard status
- Active
- Size
- 4,642 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1880
Listing Agency:
William Raveis R.E. & Home Services
Listed By:
Gore Lietzke Group
(508) 867-2800
Source:
Miketoomeyrealestate
Added: Jul 19
Changed: Jul 25
Last Checked: Jul 25 at 8:25AM
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 William Raveis R.E. & Home Services
Investment Insights
Based on property information with market context.
This turn-key multifamily property features a distinctive mansard style exterior and consists of six one-bedroom, one-bath units. All six units are currently rented. On-site amenities include laundry and storage in the basement, with seven parking spots located out back. The owner has completed a number of capital improvements, with an attached list available for review.
The building is positioned for convenient access to downtown Waltham and is described as being moments from Moody Street, with easy access to Routes 95/128 and the Mass Pike. Public transit access is also noted in the remarks.
The property offers a straightforward apartment configuration with all units in place and operating under current rental arrangements.
The building is positioned for convenient access to downtown Waltham and is described as being moments from Moody Street, with easy access to Routes 95/128 and the Mass Pike. Public transit access is also noted in the remarks.
The property offers a straightforward apartment configuration with all units in place and operating under current rental arrangements.
Key Highlights
- Built in 1880 with distinctive mansard‑style architecture
- 6 units total: six 1BD/1BA apartments, all currently rented
- 7 parking spots available out back
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $177.1k | $38.16 |
| − Vacancy | −$9.2k | −$1.98 |
| EGI | $167.9k | $36.18 |
| − OpEx | −$75.6k | −$16.28 |
| NOI | $92.4k | $19.90 |
4,642 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,360 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.75M
$2.40M – $3.21M
NOI $192,363 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Distinctive mansard style building with six one-bedroom, one-bath units, all currently rented.
Where is this apartment building located?
The property is located at 408-410 Crescent Street Waltham, MA.
What is the asking price?
The asking price for this property is $2,088,000.
What are key features of this property?
This property features: Built in 1880 with distinctive mansard‑style architecture; 6 units total: six 1BD/1BA apartments, all currently rented; 7 parking spots available out back
