Value-Add Multifamily
For Sale
Contact for pricing
56 Charles River Rd, Waltham, MA 02453
Charlesbank Garden Apartments offers 206 market-rate units across 13 detached buildings on 9.85 acres.
Property SizeContact for details
Lot Size9.85 Acres
Days on Market121
Property Features for 56 Charles River Rd
General Information
Standard status
Active
Lot size
9.85 Acres
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
206
Listing Agency:
MANSARD
Listed By:
Jeremy Cyrier, CCIM, CRE · License #MA 9048314
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 4:17PM
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 MANSARD
Investment Insights
Based on property information with market context.
Charlesbank Garden Apartments is a value-add multifamily community with 206 market-rate units spread across 13 detached, free-standing buildings. The unit mix is 76% two-bedroom and 24% one-bedroom. The property is described as family-developed, owned, and operated since the 1950s, with an opportunity to reposition units through upgrades that include kitchens, baths, paint, and carpet.
The property is located in Waltham, Massachusetts, about one-half mile from the Brandeis/Roberts MBTA Commuter Rail Station. The remarks also note that the location provides quick access to the Route 128/90 interchange, with proximity to Moody Street and an eight-minute walk to Brandeis University.
With 13 detached buildings and a larger two-bedroom component, the property presents a straightforward multifamily configuration for an investor seeking a repositioning program focused on interior unit upgrades.
The property is located in Waltham, Massachusetts, about one-half mile from the Brandeis/Roberts MBTA Commuter Rail Station. The remarks also note that the location provides quick access to the Route 128/90 interchange, with proximity to Moody Street and an eight-minute walk to Brandeis University.
With 13 detached buildings and a larger two-bedroom component, the property presents a straightforward multifamily configuration for an investor seeking a repositioning program focused on interior unit upgrades.
Key Highlights
- 206 market‑rate multifamily units across 13 detached, free‑standing buildings on 9.85 acres in Waltham, MA
- Unit mix includes 76% two‑bedroom and 24% one‑bedroom apartments
- Located about 0.5 mile from the Brandeis/Roberts MBTA Commuter Rail Station
Property Analytics
Current Use
Lease Details
206
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
451
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Charlesbank Garden Apartments offers 206 market-rate units across 13 detached buildings on 9.85 acres.
Where is this apartment building located?
The property is located at 56 Charles River Rd Waltham, MA.
What are key features of this property?
This property features: 206 market‑rate multifamily units across 13 detached, free‑standing buildings on 9.85 acres in Waltham, MA; Unit mix includes 76% two‑bedroom and 24% one‑bedroom apartments; Located about 0.5 mile from the Brandeis/Roberts MBTA Commuter Rail Station
