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Property profile & analytics

550-570 Cherry St Waltham, MA 02453

  • Mixed-use properties
  • 35,174 SF
  • 0.80 lot acres
OFF-MARKET
Value Estimation
Location Intelligence

Current Use by Public Records

  • Mixed-use properties

Property Details for 550-570 Cherry St

Year built
2017
Lot size
0.80 lot acres
Property size
35,174 SF
Property type
Mixed-use properties
Property subtype
Apartment buildings

Description

This exceptional mixed-use property, Kirsch Place, presents a compelling investment opportunity in the thriving city of Waltham, Massachusetts. Completed in 2017, this meticulously maintained complex comprises six buildings totaling 35,174 square feet situated on a 0.8-acre lot. The property boasts 23 units, including 18 residential units (12 featuring two bedrooms and 1.5 bathrooms, and 6 with two bedrooms and one bathroom) and five ground-floor retail spaces. All residential units are equipped with in-unit washer/dryer hookups, gas heating, and central air conditioning. The property benefits from municipal water and sewer services and a comprehensive dry sprinkler system. Ample off-street parking is available with 45 spaces, including deeded spots for commercial tenants. The property's prime location directly on Moody Street ensures high visibility and accessibility. Consistent near-full occupancy over the past seven years demonstrates strong rental demand and stable cash flow. The property's zoning is designated as BUSINESS A, offering flexibility for future development or expansion. This turnkey investment presents a rare opportunity to acquire a well-maintained, high-performing mixed-use property in a desirable location. The three-story buildings offer a blend of residential comfort and commercial viability, making it an attractive proposition for discerning investors seeking a stable and appreciating asset. The property's strong performance history and prime location make it an ideal addition to any portfolio.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Waltham
County
Middlesex
State
Massachusetts
Longitude
-71.238
Latitude
42.3667
More about this property
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