Two-Unit Duplex with Separate
For Sale
$1,125,000
76-78 Morton Street, Waltham, MA 02453
The upper residence has three bedrooms, while the lower unit provides two bedrooms and its own kitchen and living areas.
Property Size2,431 SF
Lot Size0.20 Acres
Price / SF$462.77
Days on Market12
Property Features for 76-78 Morton Street
General Information
Standard status
Active
Size
2,431 SF
Lot size
0.20 Acres
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Building Details
Year Built
1905
Buildings
1
Listing Agency:
Coldwell Banker Realty - Waltham
Listed By:
Hans Brings RESULTS
(781) 893-0808
Source:
Trufantre
Added: Oct 18
Changed: Oct 28
Last Checked: Oct 28 at 8:36AM
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 2,431-square-foot duplex, built in 1905, contains two distinct residences. The upper unit has six rooms, three bedrooms, one and a half baths, hardwood flooring, an eat-in kitchen, and a rear deck. The five-room lower unit includes two bedrooms, a full bath, a kitchen, and formal dining and living rooms. Separate gas heating systems and utilities serve the units. Additional features include laundry, newer windows, a 2023 hot water heater, and a walkout basement ready for finishing. The lot measures 1/5 acre.
The property is at 76-78 Morton Street in Waltham, Massachusetts, near Route 128 and the Mass Pike. Brandeis University is described as steps away, with restaurants, shopping, parks, and the reservoir also nearby.
The property is at 76-78 Morton Street in Waltham, Massachusetts, near Route 128 and the Mass Pike. Brandeis University is described as steps away, with restaurants, shopping, parks, and the reservoir also nearby.
Key Highlights
- Two residences: upper unit has 3 bedrooms and 1.5 baths; lower unit has 2 bedrooms and 1 bath
- 2,431 square feet on a 1/5‑acre lot
- Separate utilities and gas heating systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,441
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,820
$1.0M
Cap Rate 7%
$734,871
$734.9K
Cap Rate 9%
$571,567
$571.6K
Market Conditions
NOI Build-Up for 2,431 SF
Gross rent
$77.3K $31.80/SF
− Vacancy
−$3.8K −$1.57/SF
EGI
$73.5K $30.23/SF
− OpEx
−$22.0K −$9.07/SF
NOI
$51.4K $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%
$1,028,820
Cap Rate 7%
$734,871
Cap Rate 9%
$571,567
Alternative Uses
Best Use
Multifamily LT 5
$734.9K
$643.0K – $857.4K
NOI $51,441 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$691.0K
$604.6K – $806.2K
NOI $48,369 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,740 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
433
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?
Duplex - The upper residence has three bedrooms, while the lower unit provides two bedrooms and its own kitchen and living areas.
Where is this duplex located?
The property is located at 76-78 Morton Street Waltham, MA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Two residences: upper unit has 3 bedrooms and 1.5 baths; lower unit has 2 bedrooms and 1 bath; 2,431 square feet on a 1/5‑acre lot; Separate utilities and gas heating systems
