181 School Street

Waltham, MA 02451

$2,500,000
Last Sold Price
11
Beds
11
Baths
4,868 Sq. Ft.
$514 / Sq. Ft.
4,868
Sq. Ft.
$514
per Sq. Ft.

Description

Rare offering in waltham. 11 studio apartments in brick/stucco building. Good sized studios with fully applianced kitchens and full baths. Easy low maintenance building. Bright, sunny, renovated units. Fully rented with excellent rental history. Units slightly under rented for the waltham market. Potential to increase rents for annual gross income of an estimated $200,000 per year. All units are currently tenant at will. Laundry on site with coin-operated machines for additional income. Energy efficient...Rare offering in waltham. 11 studio apartments in brick/stucco building. Good sized studios with fully applianced kitchens and full baths. Easy low maintenance building. Bright, sunny, renovated units. Fully rented with excellent rental history. Units slightly under rented for the waltham market. Potential to increase rents for annual gross income of an estimated $200,000 per year. All units are currently tenant at will. Laundry on site with coin-operated machines for additional income. Energy efficient gas heat. Wall-unit air conditioners in each unit. Ample parking. Convenient downtown location with easy access to transportation, shopping, library and restaurants. Excellent investment opportunity.
  1. Listed by Glenna Gelineau • Gelineau & Associates, R.E.

Property Details for 181 School Street

Town
Waltham
Area
MA-Waltham
Garage Spaces
0
Parking Spaces
10.00
Parking Spaces Total
10

Location

Listing Courtesy of Gelineau & Associates, R.E., Glenna Gelineau

Sold By Gelineau & Associates, R.E., Nicole Shanley

Add your commute
LISTING UPDATED: 04/10/2023 07:43 AM

Property Details for 181 School Street

StatusSold
MLS #72991168
Days on Market232
Taxes$13,702 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1968
CountyMiddlesex County

Location

Listing Courtesy of Gelineau & Associates, R.E., Glenna Gelineau

Sold By Gelineau & Associates, R.E., Nicole Shanley

Add your commute

Building Information for 181 School Street

Stories7Residences11Year Built1968Building Size-Lot Size0.14 AC / 6,151 SF

Payment Calculator

$14,785 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$1,142

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 181 School Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Current Financing: Cash
  • Living Area: 4868.0
  • Color: TAN
  • SqFt with Basement: Yes
  • Total Units: 11
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Location/School
  • Grade School: Plympton
  • High School: Whs
  • Middle School: Mcdevitt
Features
Interior Features
  • Appliances: Washer, Dryer, Unit 1(Range, Refrigerator, Freezer), Unit 2(Range, Unit 3(Range, Unit 4(Range, Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven
  • Num of Baths: 11.0
  • Num of Full Baths: 11
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 11.00
  • Bathrooms Total Integer: 11
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Carpet
  • Interior Features: Unit 1(Studio, Bathroom With Tub & Shower), Unit 2(Studio, Unit 3(Studio, Unit 4(Studio
  • Laundry Features: Laundry Room, Washer Hookup, Dryer Hookup
  • Window Features: Insulated Windows
Exterior Features
  • Lot Description: Level
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Unit 1(Wall AC), Unit 2(Wall AC), Unit 3(Wall AC), Unit 4(Wall AC)
  • Cooling: Yes
  • Electric: 100 Amp Service
  • Heating: Unit 1(Hot Water Baseboard, Gas, Unit Control), Unit 2(Hot Water Baseboard, Unit 3(Hot Water Baseboard, Unit 4(Hot Water Baseboard, Individual)
  • Heating: Yes
  • Sewage District: MWRA
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Oven, Washer Hookup
  • Water: Public
Property Information
Property Info
  • UFFI: No
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Listing Terms: Contract
  • Tax ID: 836727
  • Assessments: $1,230,000
  • Block: 002
  • Book: 38078
  • Lot: 0008
  • Map: 060
  • Tax Year: 2022
  • Zoning: Business B
Building / Association Information
Living Characteristics
  • Beds Total: 11
  • Total Living Levels: 7
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 1
  • Heat Zones: 11
Income / Expenses
  • Electricity: $3,310.00
  • Annual Expenses Source: Owner
  • GOI: $151,500.00
  • Gross Scheduled Income: $4,558.00
  • GRE: $9,913
  • RFS: $0
  • NOI: $131,178.00
  • Operating Expense: $9,913.00
  • WSE: $2,043.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $13,125.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 2.0

Property History for 181 School Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 181 School Street

Taxable ValueLand$1,023,000Additions$569,100Total$1,592,100
Tax Record2024$15,348 ($1,279 / month)
Home Facts
Baths11Total Finished SqFt4,868 SqFtAbove Grade Finished SqFt4,868 SqFtStories2Lot Size6,151 SqFtStyleMulti-Family Res (5+ Units)Year Built1968CountyMIDDLESEXAPNWALT M:060 B:002 L:0008

Schools near 181 School Street

This home is within Waltham School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
Thomas R Plympton Elementary School
PublicK to 5

John F Kennedy Middle School
Public6 to 8

Waltham Sr High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Gelineau & Associates, R.E., Glenna Gelineau

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.