Brad and Darleen Pratt are Realtors serving Metro West areas of Massachusetts for over 20 years. Our real estate office is located in Waltham 02451.
Address
176-178 Newton St, Waltham, MA
Price
$ 2,000,000
Property Attributes
  • MLS#73225884
  • TypeMulti-Family
  • CountyMIDDLESEX
  • CityWaltham
  • AreaSouth Waltham
  • Zip02453
  • Style5+ Family - 5+ Units Up/Down
  • Year Built1900
  • Taxes$ 13755
  • Price$ 2,000,000
  • Bedrooms10
  • Full Bathrooms5
  • Half Bathrooms1
  • Sqr Footage4598
  • Lot Size6,970 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description

Presenting 176-178 Newton Street, this turnkey, stabilized property consists of 5 residential apartments including (2) 1 bedroom/1 bathroom units, (1) 2 bedroom / 1 bathroom unit, (1) 3 bedroom / 1 bathroom unit, and (1) 3 bedroom / 1.5 bathroom unit w/ private basement. Three units have been substantially updated in recent years including updated kitchens, bathrooms, flooring, and electronic keypad access. Additional building improvements include full repointing of fieldstone foundation, upgraded gas service by National Grid with installation of (5) new unit gas meters, installation of (4) Viessmann and Lochinvar combination boilers, new coin-op laundry services, (2) upgraded electric panels, and upgraded common areas. There is plenty of on-site parking including 8 off-street parking spaces for residents. An ideal investment or 1031 exchange opportunity in a rapidly growing Boston suburb.

Price History
4/18/2024 Listed $2,000,000

General Features

Sewer Public Sewer
Utilities for Gas Range
Roof Shingle
Zoning C
Construction Materials Frame
Exclusions Non Coin Op Laundry Machines; All Tenant Belongings;
Year Built 1900
Electric Circuit Breakers,100 Amp Service,Other (See Remarks)
Property SubType 5+ Family - 5+ Units Up/Down
Tax Year 2024
Gross Income 143359
Community Features Public Transportation,Shopping,Medical Facility,Highway Access,House of Worship,University
County Middlesex
Net Operating Income 108667
Operating Expense 35692
Property Type Residential Income
Garage Y/N No
Total Rooms 20
Status Active
Directions Please refer to GPS;
City Waltham
Disclosures Listing agent has interest in the property; Rent roll and financials furnished upon request; Letters of lead compliance in hand;
Senior Community Y/N No
Total Units 5
MLS Area South Waltham
Lot Size Square Feet 7108
Waterfront Y/N No
Street Name Newton St
Year Built Details Approximate
Tax Annual Amount 13755
Home Warranty Y/N No
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 1426900
Tax Lot 0007
Total Actual Rent 12277
Compensation Based On Net Sale Price
Sub-Agency Relationship Offered No

Interior Features

Basement Unfinished
Flooring Hardwood
Total Stories 8
Window Features Insulated Windows
Fireplace Y/N No
Full Baths 5
Half Baths 1
Total Bedrooms 10
Total Baths 6

Exterior Features

Parking Features Paved Drive,Off Street,Assigned,Driveway,Paved
Lot Features Level
Water Source Public
Total Parking 8
Lot Size Area 0.16
Foundation Details Stone
Spa No
Building Area Total 4598
Lot Size Acres 0.16
Lot Size Units Acres
Road Frontage Type Public
Open Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 02453

Price
AVG $1.75M
$2M
Taxes
AVG $9,351
$13,755
Visits
AVG 99
176
Data Provided by Inside Real Estate®
Year Built
AVG 1943
1900