Multi-Building Multifamily
90-96 Bacon Street Waltham, MA 02451
90-96 Bacon Street, Waltham, MA, 02451
$3,999,500
For Sale
$3,999,500
Three multifamily buildings total 15 units with 15 off-street parking spaces on a 0.47-acre lot.
Property Size8,340 SF
Lot Size0.47 Acres
Price / SF$479.56
Days on Market116
Property Features for 90-96 Bacon Street
General Information
- Standard status
- Active
- Size
- 8,340 SF
- Lot size
- 0.47 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Advantage Property Team LLC
Listed by
Nicholas Neu
(781) 545-3155
Source
Grandgables
Added: Mar 28 Updated: Jul 21 at 2:19PM Checked: Jul 21 at 2:19PM
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 Advantage Property Team LLC
Investment Insights
Based on property information with market context.
This for-sale multifamily asset features three separate buildings: two 4-family buildings and one 7-unit building, totaling 15 units. The property comprises approximately 8,340 square feet and includes 15 off-street parking spaces.
Located in Waltham near Main Street and Central Square, the buildings are described as steps from public transportation and major commuter routes.
The offering is presented as having strong in-place occupancy, with utilities partially landlord-paid, along with opportunity for future efficiency enhancements through operational improvements.
Located in Waltham near Main Street and Central Square, the buildings are described as steps from public transportation and major commuter routes.
The offering is presented as having strong in-place occupancy, with utilities partially landlord-paid, along with opportunity for future efficiency enhancements through operational improvements.
Key Highlights
- Three multifamily buildings at 90‑96 Bacon Street: two 4‑family buildings and one 7‑unit building, totaling 15 units
- Approximately 8,340 sq ft on a 0.47‑acre lot
- 15 off‑street parking spaces
Local Financial Insights For Apartment 5plus
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 | $318.3k | $38.16 |
| − Vacancy | −$16.5k | −$1.98 |
| EGI | $301.7k | $36.18 |
| − OpEx | −$135.8k | −$16.28 |
| NOI | $165.9k | $19.90 |
8,340 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.37M
$2.07M – $2.77M
NOI $165,938 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.94M
$4.32M – $5.76M
NOI $345,607 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Three multifamily buildings total 15 units with 15 off-street parking spaces on a 0.47-acre lot.
Where is this apartment building located?
The property is located at 90-96 Bacon Street Waltham, MA.
What is the asking price?
The asking price for this property is $3,999,500.
What are key features of this property?
This property features: Three multifamily buildings at 90‑96 Bacon Street: two 4‑family buildings and one 7‑unit building, totaling 15 units; Approximately 8,340 sq ft on a 0.47‑acre lot; 15 off‑street parking spaces
