Mixed-Use Building Near Moody
For Sale
$2,399,000
55-57 Crescent Street, Waltham, MA 02453
Mixed-use property with residential, rooming house, and salon spaces.
Property Size4,585 SF
Price / SF$523.23
Days on Market534
Property Features for 55-57 Crescent Street
General Information
Standard status
Active
Size
4,585 SF
Taxes and HOA fees
Annual Taxes
$10,789
Building Details
Year Built
1900
Listing Agency:
Lamacchia Realty, Inc.
Listed By:
Team Darlene & Company
Source:
Corcoran
Added: May 1, 2025
Changed: Mar 16
Last Checked: Apr 22 at 7:43AM
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.
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,226
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,824,520
$1.8M
Cap Rate 7%
$1,303,229
$1.3M
Cap Rate 9%
$1,013,622
$1.0M
Market Conditions
NOI Build-Up for 4,585 SF
Gross rent
$175.0K $38.16/SF
− Vacancy
−$9.1K −$1.98/SF
EGI
$165.9K $36.18/SF
− OpEx
−$74.6K −$16.28/SF
NOI
$91.2K $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%
$1,824,520
Cap Rate 7%
$1,303,229
Cap Rate 9%
$1,013,622
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,893
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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.
