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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

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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
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
Walk Score®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WALT-000069-000039-000004
Land Assessment
$388,000
Improvements Assessment
$1,167,600
Total Assessment
$1,555,600
  • Listing ID: 38281751

  • Date on Market: 10/31/2025

  • Last Updated:

  • Address: 81 Alder St, Waltham, MA 02453

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