81 Alder St - Apartments FOR SALE


Waltham, MA 02453- South Side
$3,100,000 USD
781-776-4000
81 Alder St, Waltham, MA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/5
null | 6.49% Cap Rate

81 Alder St
Waltham, MA 02453
South Side


HIGHLIGHTS

  • Access & Connectivity
  • Employment Hub & Nearby Higher Education
  • Desirable Urban Market
  • Strong Rental Demographics & Demands
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 81 Alder Street in Waltham, MA (the “Property”). The three-story building contains four (4) total units comprised of two (2) 5-Bedroom/3-Bathroom units, one (1) 5-Bedroom/2-Bathroom unit, and one (1) 4-Bedroom/2.5-Bathroom unit with 6,665 square feet of gross living area and 9,677 square feet of gross area. 81 Alder Street is strategically located in a well-connected residential neighborhood on the South Side of Waltham, offering convenient access to Moody Street, downtown Waltham, and the Charles River waterfront. All units are desirable, townhouse style units. The property has undergone significant capital upgrades which include condo quality finishes to all units featuring new kitchens with new cabinetry, quartz countertops, renovated bathrooms, new flooring, painting, central air conditioning (HVAC or minisplits) to 3 of 4 units and updated electrical service. Building amenities include laundry for each unit as well as three (3) direct parking spaces, one of which is Tandem for multiple vehicles. 81 Alder Street is less than five minutes from Interstate 95/Route 128 and Route 20, providing direct regional connectivity to Boston, Cambridge, and surrounding employment hubs along the Route 128 technology corridor. Nearby amenities include abundant dining, retail, and services along Moody Street, major employers such as Brandeis University and Bentley University, and access to commuter rail service via the MBTA Fitchburg Line at Waltham Station, enhancing both livability and long-term tenant appeal.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

4

PRICE/UNIT

$775,000

CAP RATE

6.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

81 Adler St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

WALT-000069-000039-000004

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.