
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.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Listing Agent: Lisa Dallaire
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73575796
