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81 Adler St 81 Alder St 4 Unit Apartment Building $3,100,000 ($775,000/Unit) 6.46% Cap Rate Waltham, MA 02453



INVESTMENT HIGHLIGHTS
- Access & Connectivity
- Desirable Urban Market
- Quality of Life Amenities
- Employment Hub & Nearby Higher Education
- Strong Rental Demographics & Demands
EXECUTIVE SUMMARY
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 with individual basement spaces. The property has undergone significant capital upgrades which include condo quality finishes to all units featuring new kitchens with new cabinetry, quartz or granite countertops, renovated bathrooms, new flooring, painting, central air conditioning (HVAC or mini splits) to 3 of 4 units and updated electrical service. Building amenities include laundry for each unit as well as four (4) 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.
PROPERTY FACTS
| Price | $3,100,000 | Building Class | C |
| Price Per Unit | $775,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 9,677 SF |
| Cap Rate | 6.46% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.41/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $3,100,000 |
| Price Per Unit | $775,000 |
| Sale Type | Investment |
| Cap Rate | 6.46% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 9,677 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 0.41/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | WALT-000069-000039-000004 | Improvements Assessment | $1,167,600 |
| Land Assessment | $388,000 | Total Assessment | $1,555,600 |
PROPERTY TAXES
Parcel Number
WALT-000069-000039-000004
Land Assessment
$388,000
Improvements Assessment
$1,167,600
Total Assessment
$1,555,600
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81 Adler St | 81 Alder St
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