Two-Family Residential Income
7 Pearl Street Waltham, MA 02453
For Sale
$849,999
Updated two-family home with two bedrooms per unit, in-unit laundry, private decks, and parking for up to eight vehicles.
Property Size1,849 SF
Price / SF$459.71
Days on Market138
Property Features for 7 Pearl Street
General Information
- Standard status
- Active
- Size
- 1,849 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1890
Listing Agency:
Coldwell Banker Realty - Westford
(978) 692-2121
Listed By:
Amy Lauro · License #9581283
(978) 692-2121
Source:
Compass
Added: Mar 9
Changed: Jul 23
Last Checked: Jul 23 at 6:22PM
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 - Westford
Investment Insights
Based on property information with market context.
This completely updated two-family duplex offers two-bedroom, one full bath layouts in each unit, along with in-unit laundry. Both units feature bright living spaces with impressive ceiling height that provide an open, airy feel. Each unit also has its own private deck, adding outdoor space to the living experience.
The property includes an oversized driveway that provides convenient parking for up to eight vehicles. The home has been maintained and used by the same family for more than 40 years and is presented as move-in ready.
With two separate units under one roof, the configuration supports a range of residential income use, including living in one unit and renting the other.
The property includes an oversized driveway that provides convenient parking for up to eight vehicles. The home has been maintained and used by the same family for more than 40 years and is presented as move-in ready.
With two separate units under one roof, the configuration supports a range of residential income use, including living in one unit and renting the other.
Key Highlights
- Updated two‑family home built in 1890 with 2 full baths total and interior access basement
- Each unit offers 2 bedrooms, a full bath, bright living spaces, and in‑unit laundry
- Private decks for both units, including vinyl and composite deck options
Financial Insights For Multifamily LT 5
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 | $58.8k | $31.80 |
| − Vacancy | −$2.9k | −$1.57 |
| EGI | $55.9k | $30.23 |
| − OpEx | −$16.8k | −$9.07 |
| NOI | $39.1k | $21.16 |
1,849 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$558.9K
$489.1K – $652.1K
NOI $39,125 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$525.6K
$459.9K – $613.2K
NOI $36,789 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.09M
$957.8K – $1.28M
NOI $76,622 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Updated two-family home with two bedrooms per unit, in-unit laundry, private decks, and parking for up to eight vehicles.
Where is this duplex located?
The property is located at 7 Pearl Street Waltham, MA.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Updated two‑family home built in 1890 with 2 full baths total and interior access basement; Each unit offers 2 bedrooms, a full bath, bright living spaces, and in‑unit laundry; Private decks for both units, including vinyl and composite deck options
