15-Unit Multifamily
For Sale
$3,799,500
90-96 Bacon Street, Waltham, MA 02451
Three-building multifamily property with off-street parking and partially landlord-paid utilities.
Property Size8,340 SF
Price / SF$455.58
Days on Market197
Property Features for 90-96 Bacon Street
General Information
Standard status
Active
Size
8,340 SF
Property subtype
Multi-family
Building Details
Year Built
1920
Listing Agency:
Advantage Property Team LLC
Listed By:
Nicholas Neu · License #9584509
(781) 697-5483
Source:
Benoitrealestate
Added: Apr 3
Changed: Oct 12
Last Checked: Oct 14 at 11:33PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property comprises 15 units across three buildings: two four-family structures and one seven-unit building. The improvements total approximately 8,340 square feet on a 0.47-acre lot, with 15 off-street parking spaces. Built in 1920, the property is zoned RC, and utility expenses are partially paid by the landlord.
The property is located at 90–96 Bacon Street in Waltham, near Main Street and Central Square. Public transportation is nearby, with access to major commuter routes also noted. The configuration provides a multi-building residential income asset with established unit count, on-site parking, and a central Waltham setting.
The property is located at 90–96 Bacon Street in Waltham, near Main Street and Central Square. Public transportation is nearby, with access to major commuter routes also noted. The configuration provides a multi-building residential income asset with established unit count, on-site parking, and a central Waltham setting.
Key Highlights
- 15‑unit multifamily property across 3 buildings
- Two 4‑family buildings and one 7‑unit building
- Approximately 8,340 square feet on a 0.47‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,938
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,318,760
$3.3M
Cap Rate 7%
$2,370,543
$2.4M
Cap Rate 9%
$1,843,756
$1.8M
Market Conditions
NOI Build-Up for 8,340 SF
Gross rent
$318.3K $38.16/SF
− Vacancy
−$16.5K −$1.98/SF
EGI
$301.7K $36.18/SF
− OpEx
−$135.8K −$16.28/SF
NOI
$165.9K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,318,760
Cap Rate 7%
$2,370,543
Cap Rate 9%
$1,843,756
Alternative Uses
Best Use
Apartment 5plus
$2.37M
$2.07M – $2.77M
NOI $165,938 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.94M
$4.32M – $5.76M
NOI $345,607 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,920
Businesses Nearby
Explore this area
Business Placement
Demographics for 02451, MA
17,953
Population
7,852
Households
2.3
Avg Household Size
39
Median Age
55%
College-Educated
93%
High-School Grad
5.3 sq mi
ZIP Area
3,387
Density / Sq Mi
$119,509
Median Household Income
$66,318
Median Earnings
$2,537
Median Rent
$709,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-building multifamily property with off-street parking and partially landlord-paid utilities.
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 $3,799,500.
What are key features of this property?
This property features: 15‑unit multifamily property across 3 buildings; Two 4‑family buildings and one 7‑unit building; Approximately 8,340 square feet on a 0.47‑acre lot
