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Rare opportunity to acquire a substantial legal four-family property in Waltham offering 5,632 SF of residential living area on an impressive 13,670 SF lot! This income-producing property features four spacious apartments with a seller-reported mix of two 2-bedroom and two 3-bedroom residences, each with one full bathroom. Current rental income totals $11,050 per month ($132,600 annually), with additional opportunity to increase rents over time. Tenants pay their own unit utilities, three of the four apartments feature central air conditioning, and all units offer in-unit laundry hookups. The apartments have received updates over the years. A standout feature is the expansive paved parking area and substantial detached garage/storage building offering three single bays and one larger double-width bay. Currently utilized for dry storage, the garage provides valuable accessory space and is being conveyed as-is. Conveniently located near Downtown Waltham, Moody Street, commuter rail, shopping, restaurants, and major commuting routes. An exceptional opportunity for investors seeking established rental income, future rental upside, generous parking, and a property with features rarely found together in a Waltham four-family!

More Info

Basic Information

  • Gross Income $132,600
  • Listing Terms Contract
  • Lot Features Level
  • Mls StatusNew
  • Parcel Number R059 030 0003,836567
  • Rent Includes Unit 2(Water), Unit 3(Water), Unit 4(Water)

Tax Information

  • Tax Assessed Value $1,345,100
  • Tax Year 2026
  • Taxes$13,881

Parking

  • Covered Spaces 5
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Paved
  • Parking Spaces13

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms10
  • Full Bath4

Basic Information

  • List Price$1,950,000
  • MLS Number73591277
  • Modification Date10/15/2026
  • Property SubType4 Family

Location

  • Address202-204 Charles Street
  • Building Number202-204
  • CountyMiddlesex
  • StateMA
  • StreetCharles Street
  • TownWaltham
  • Zip02453

Building

  • BasementFull, Interior Entry, Bulkhead
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationBrick/Mortar
  • Garage Spaces5
  • Levels 3
  • Patio And Porch Features Porch, Deck - Wood, Covered
  • Rooms22
  • Stories3
  • Units4
  • Utilities For Gas Range
  • Window Features Insulated Windows
  • Year Built1905
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.31

Interior

  • Flooring Tile, Carpet, Varies
  • Interior Features Living Room, Dining Room, Kitchen

Exterior

  • Exterior Features Balcony/Deck, Rain Gutters
  • RoofTar/Gravel

Utilities

  • Cooling Central Air
  • Electric 100 Amp Service, Individually Metered
  • Heat SystemYes
  • Heating Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 5,632
  • Lot Size Square Feet 13,670
  • Lot Size Units Acres
  • Square Feet5,632

Amenities

  • Amenities
    • Bike Path
    • Conservation Area
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Pool
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Tennis Court(s)
    • University
    • Walk/Jog Trails
  • Appliances IncludedRange, Disposal, Refrigerator, Freezer, Washer, Dryer, Dishwasher
  • Other AmenitiesBasement, Tennis

Other

  • Date Listed10/15/2026
  • Farm Land Area Units Square Feet

Map Location

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Listed by Nicholas Neu of Advantage Property Team LLC

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