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Home Massachusetts Waltham Multi-Family Homes for Sale

232-234 River St Waltham, MA 02453
NEW
28
232-234 River St, Waltham, MA 02453
View Map
$1,399,000
4 Unit
8 Beds
4 Baths
3640 SQFT
0.12 Acre

Property Description

Discover an incredible investment opportunity in a prime location along the scenic Charles River. This beautifully maintained (many updates) 4-unit multi-family property has been in the same family for 80 yrs. Each unit features bright rooms illuminated by natural light streaming through brand-new windows, creating warm and inviting spaces for your tenants. It is located close to the bustling Moody Street area, known for its dining, shopping and lively atmosphere. The backyard is perfect for small summer BBQs or sitting in an Adirondack chair overlooking the river. Commuters will appreciate the easy access to Boston and major highways, making work, entertainment, and errands easy. Plenty of storage for each unit is located in the recently repointed and painted basement. This property presents a rare chance to own a well-cared for multi-family in a sought-after location. Current rents are significantly below market value. Perfect for both owner-occupants and savvy investors.
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Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, University, Walk/Jog Trails
  • Basement Features: Bulkhead, Concrete Floor, Full, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower
  • Common Appliances: Disposal, Dryer, Dryer Hookup, Microwave, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Active Solar, Electric Baseboard, Electric Baseboard, Extra Flue, Gas, Heat Pump, Hot Water Radiators, Oil, Radiant
  • Common Cooling: None

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 59700
  • Gross Expenses: 4020
  • Water/Sewer: 1410
  • Net Operating Income: 49680

Utilities

  • Heat Zones: 4
  • Electric Info: 100 Amps, Circuit Breakers, Other (See Remarks), Underground
  • Energy Features: Insulated Windows, Storm Doors
  • Utility Connections: for Electric Dryer, for Electric Range, for Gas Dryer, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Other (See Remarks)
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Other (See Remarks)
  • Under Lease: No
  • Floors: 2
  • Levels: 2

Unit 3 Description

  • Included in Rent: Heat
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1880
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73373443
  • Last Updated: 05/14/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/13/2025New$1,399,000$384MLSPIN

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Seller's Representative: Robin Stocklan, Coldwell Banker Realty - Sudbury
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-05-14 03:30:00

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