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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
Legal
- ZoningRC
Other
- Date Listed10/15/2026
- Farm Land Area Units Square Feet
Map Location
Listed by Nicholas Neu of Advantage Property Team LLC
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