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INVESTMENT SNAPSHOT
About this property
Exceptional, Turnkey, three-family opportunity in desirable South Waltham! Offering versatility for both owner-occupants and investors, this multi-family property features a larger 1,600+- square foot unit at 282 River Street, renovated in 2025, along with two additional 800+- square foot units at 280 River Street, remodeled in 2020 and 2022. The rental income from the two additional units can help offset ownership costs, while renting all three units offers the potential to maximize cash flow. Additional features include separate gas and electric utilities, two sets of washer and dryer hookups, hardwood flooring, ample off-street parking and a two-car garage with additional parking or storage. Conveniently located near the Charles River, The Charles River Walkway, major routes, schools, Bentley and Brandeis Universities, public transportation and numerous restaurant and shopping venues. An excellent opportunity for owner-occupancy with supplemental rental income or for investors seeking a 1031 exchange property. Potential for conversion to four units, subject to buyer due diligence and all applicable approvals.
Property details
| Units | 3 |
| Living area | 3,264 sqft |
| Lot size | 6,599 sqft |
| Year built | 1920 |
| Price / sqft | $398 |
| County | Middlesex |
| MLS # | 73575796 |
Listing status
| Days on market | 36 days |
| Listed on | September 11, 2026 |
Taxes & financials
| Annual property tax | $11,123 |
| Tax year | 2026 |
| Assessed value | $1,077,800 |
| Zoning | Res |
| Gross income (actual) | $74,400/yr |
| Net operating income (actual) | $74,400/yr |
| Total actual rent | $6,200/mo |
Building & lot
| Stories | 4 |
| Total rooms | 12 |
| Lot size | 0.15 acres |
| Garage spaces | 2 |
| Parking spaces | 7 |
| Parking | Paved Drive, Shared Driveway, Off Street |
| Basement | Walk-Out Access, Interior Entry, Concrete, Unfinished |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Tile, Laminate, Hardwood |
Utilities & systems
| Heating | Natural Gas |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Dishwasher, Refrigerator |
Location
More about investing in Waltham →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 280-282 River Street, Waltham MA 02453 have?
It is a 3-unit multi-family property with 3,264 sqft of living area, built in 1920.
How long has 280-282 River Street, Waltham MA 02453 been on the market?
280-282 River Street, Waltham MA 02453 has been listed for 36 days (since September 11, 2026).
What is the price per unit?
At a list price of $1,299,000 across 3 units, that works out to roughly $433,000 per unit.
What are the property taxes on 280-282 River Street, Waltham MA 02453?
Annual property taxes are $11,123 (2026), on an assessed value of $1,077,800.
What is the price per square foot?
At $1,299,000 for 3,264 sqft, that's about $398 per square foot.
Is there parking?
2 garage spaces and 7 total parking spaces (paved drive, shared driveway, off street).
Where is this property located?
280-282 River Street, Waltham MA 02453 is in Waltham, Middlesex County, MA 02453.
