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280-282 River Street Waltham — Photo 1 of 18

280-282 River Street Waltham — Photo 1 of 18

$1,349,900

Investment Analysis — 280-282 River Street

Waltham, MA 02453

Based on rent reported on the MLS listing, a 3-unit multi-family in 02453 carries $6,200/mo in gross rent — about a 3.36% cap rate and $45,421/yr in estimated NOI at the $1,349,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

4

SqFt

3,264

Style

3 Family

Built

1920

Well-maintained three-family property offering three distinct residential units in a convenient and desirable Waltham location. The property offers approximately 3,264 SF of living area on a 6,599+/- SF lot, with separate gas and electric utilities for each unit. All units are currently occupied on a tenant-at-will basis. 280 River Street features two 800+- square foot one-bedroom apartments, each offering a full bath, eat-in kitchen, and living room. The first-floor unit was remodeled in 2020 and the second-floor unit was remodeled in 2022. The 1,600+- square foot unit at 282 River Street was renovated in 2025 and offers a full bath, eat-in kitchen, living room, bonus/family room on the first floor, with three bedrooms and a full bath on the upper level. The property includes parking for five vehicles, along with an existing two-car garage providing additional parking or storage space. With three living units and separate gas and electric utilities this property offers flexibility for continued rental use and future possibilities. Whether you’re looking to expand your investment portfolio or explore the property’s potential over time, this is an opportunity worth seeing firsthand and not one to be missed!!! Conveniently located to major routes, schools, commuter rail, public transportation and numerous restaurant and shopping venues.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$1,349,900
Annual Taxes$11,123

Parking

Garage2
Off-Street7

Interior Specifications

Total Rooms12
FireplacesNone
FlooringTile, Laminate, Hardwood
BasementWalk-Out Access, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingNatural Gas
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningRes

Property & Lot

Acres0.15
SqFt Lot6,599
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Refrigerator

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Listing Provided By

Listing Agent: Lisa Dallaire

Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate

MLS® Number: 73575796