Four-Unit Quadplex with
For Sale
$1,295,000
60-62 Alder Street, Waltham, MA 02453
Hardwood floors, gas heat, laundry, and off-street parking support the existing residential configuration.
Property Size2,878 SF
Price / SF$449.97
Days on Market77
Property Features for 60-62 Alder Street
General Information
Standard status
Active
Size
2,878 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Amenities
bright E-I-Ks
spacious living rooms
hardwood flooring
natural gas heating
in-unit laundry
Building Details
Year Built
1920
Listing Agency:
Coldwell Banker Realty - Waltham
Listed By:
Dave DiGregorio · License #9028021
(781) 893-0808
Source:
Benoitrealestate
Added: Aug 1
Changed: Oct 6
Last Checked: Oct 14 at 11:50PM
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 Coldwell Banker Realty - Waltham
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Investment Insights
Based on property information with market context.
This four-unit residential property, built in 1920, includes eat-in kitchens, generous living rooms, hardwood flooring, natural gas heating, and laundry within each unit. Off-street parking is also provided, giving the building a practical configuration for multifamily occupancy.
The property is located at 60-62 Alder Street in Waltham, one block from Moody Street. Public transportation and shops are within walking distance, while Route 128, Route 2, and the Massachusetts Turnpike provide regional access.
The property is located at 60-62 Alder Street in Waltham, one block from Moody Street. Public transportation and shops are within walking distance, while Route 128, Route 2, and the Massachusetts Turnpike provide regional access.
Key Highlights
- Four‑unit multifamily property at 60‑62 Alder Street
- Built in 1920
- Eat‑in kitchens and spacious living rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,900
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,218,000
$1.2M
Cap Rate 7%
$870,000
$870.0K
Cap Rate 9%
$676,667
$676.7K
Market Conditions
NOI Build-Up for 2,878 SF
Gross rent
$91.5K $31.80/SF
− Vacancy
−$4.5K −$1.57/SF
EGI
$87.0K $30.23/SF
− OpEx
−$26.1K −$9.07/SF
NOI
$60.9K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,218,000
Cap Rate 7%
$870,000
Cap Rate 9%
$676,667
Alternative Uses
Best Use
Multifamily LT 5
$870.0K
$761.3K – $1.02M
NOI $60,900 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$818.0K
$715.8K – $954.4K
NOI $57,262 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,264 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,781
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
Frequently Asked Questions
What type of property is this?
Quadplex - Hardwood floors, gas heat, laundry, and off-street parking support the existing residential configuration.
Where is this quadplex located?
The property is located at 60-62 Alder Street Waltham, MA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Four‑unit multifamily property at 60‑62 Alder Street; Built in 1920; Eat‑in kitchens and spacious living rooms
