Mixed-Use Building Near Moody
55-57 Crescent Street Waltham, MA 02453
55-57 Crescent Street, Waltham, MA, 02453
$2,399,000
For Sale
$2,399,000
Mixed-use property with residential, rooming house, and salon spaces.
Property Size4,585 SF
Price / SF$523.23
Days on Market443
Property Features for 55-57 Crescent Street
General Information
- Standard status
- Active
- Size
- 4,585 SF
Building Details
- Year Built
- 1900
Listing Agency
Lamacchia Realty, Inc.
Listed by
Team Darlene & Company
Source
Corcoran
Added: May 1, 2025 Checked: Mar 16 at 9:09 am
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 Lamacchia Realty, Inc.
Investment Insights
Based on property information with market context.
This mixed-use building is located one block from Moody Street and set along the Charles River. The property includes two residential units, a rooming house, and a fully equipped salon. The building features crown moldings and original woodwork. The residential units include a 1-bedroom and a 2-bedroom, each with updated kitchens and baths. Unit 1 features a private deck overlooking the river. Unit 57 hosts a spacious salon with tile flooring, a reception area, and large windows offering water views, plus a scenic deck. The third floor includes a 4-bedroom rooming house with kitchenette and a 3/4 bath. Outside, there is off-street parking, a stone walkway, a paved patio, and river access for kayak launch. The property size is 4585 square feet.
Key Highlights
- Prime location one block from Moody Street and along the Charles River.
- Mixed‑use building with residential units, rooming house, and fully equipped salon.
- Two residential units (1‑bedroom and 2‑bedroom) with updated kitchens and baths.
Local 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 | $175.0k | $38.16 |
| − Vacancy | −$9.1k | −$1.98 |
| EGI | $165.9k | $36.18 |
| − OpEx | −$74.6k | −$16.28 |
| NOI | $91.2k | $19.90 |
4,585 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,226 @ 7.0% cap · market cap 3.80%
Second Best
Mixed Use
$1.08M
$945.7K – $1.26M
NOI $75,653 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$2.71M
$2.38M – $3.17M
NOI $190,001 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with residential, rooming house, and salon spaces.
Where is this mixed-use property located?
The property is located at 55-57 Crescent Street Waltham, MA.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Prime location one block from Moody Street and along the Charles River.; Mixed‑use building with residential units, rooming house, and fully equipped salon.; Two residential units (1‑bedroom and 2‑bedroom) with updated kitchens and baths.
