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$1,950,000
Total Beds: 10 Total Baths: 4
Total Units: 4 SQFT: 5632
LOT size: 0.31 Acres
202-204 Charles Street
Waltham, MA 02453
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Property Description

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!

Property Details

Building Information

  • Total Units: 4
  • Total Floors: 3
  • Total Bedrooms: 10
  • Total Full Baths: 4
  • Amenities: Bike Path, Conservation Area, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, Tennis Court, University, Walk/Jog Trails
  • Basement Features: Bulkhead, Full, Interior Access
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Tile Floor
  • Common Appliances: Dishwasher, Disposal, Dryer, Dryer Hookup, Freezer, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Extra Flue, Gas, Heat Pump
  • Common Cooling: Central Air, None

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated
  • Gross Operating Income: 132600
  • Gross Expenses: 25584
  • Water/Sewer: 5073
  • Miscellaneous Expense: 6630
  • Net Operating Income: 107016

Utilities

  • Cooling Zones: 3
  • Electric Info: 100 Amps, Individually Metered, Other (See Remarks)
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

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

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2

Construction

  • Year Built: 1905
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick
  • Roof Material: Tar & Gravel
  • Flooring Type: Tile, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73591277
  • Last Updated: 10/19/26
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Nicholas Neu, Advantage Property Team LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

© 2026 MLS Property Information Network, Inc.. All rights reserved.

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 2026-10-19 03:05:00

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