280-282 River Street, Waltham MA 02453
Waltham, MA 02453
$1,349,900
$1,299,000
Est. $7,695/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
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.
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Recently Sold Nearby
Price & Status History
Market Insights
1
Price Changes
3.8%
Price Range
Property Timeline
Showing Instructions Updated
Oct 16, 2026
New showing requirements
Price Reduced
Oct 12, 2026
$1,299,000
$50,900
(-3.77%)
From $1,349,900 to $1,299,000 (-3.8%)
Listed for Sale
Sep 11, 2026
$1,349,900
Original listing
Agent: Lisa Dallaire
Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/16/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 10/12/2026 | ↓ Price Reduced | $1,299,000 | $50,900 | - | From $1,349,900 to $1,299,000 (-3.8%) |
| 09/11/2026 | 🏠 Listed for Sale | $1,349,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $11,123 | $1,077,800 |
Financial Details
Annual Property Tax
$11,123
Tax Year 2026
Assessed Value
$1,077,800
Facts & Features
2 Car Garage
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1920
Living Area
3,264 sq ft
Lot Size
0.15 acres
Stories
4
Bedrooms
5
Full Baths
4
Total Rooms
12
Investment Metrics
Units
3
Unit 1 Rent
$1,600/mo · N
Unit 2 Rent
$1,600/mo · N
Unit 3 Rent
$3,000/mo · N
Total Monthly Rent
$6,200/mo
Gross Income
$74,400
Net Operating Income
$74,400
Cap Rate
5.73%
Interior
Heating
Natural Gas
Cooling
None
Flooring
Tile, Laminate, Hardwood
Appliances
Range, Dishwasher, Refrigerator
Fireplace
None
Basement
Walk-out Access, Interior Entry, Concrete, Unfinished
Laundry
None
Features
Living Room, Kitchen, Family Room, Living Rm/dining Rm Combo
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Rain Gutters
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck - Roof
Parking
Garage Spaces
2
Has Garage
Yes
Features
Paved Drive, Shared Driveway, Off Street
Total Spaces
7
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$11,123
Assessed Value
$1,077,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
The Property Is Accessed Via A Shared Driveway Leading To The Rear Parking Area. Parking Spaces Located Behind 280-282 River Street Are Designated Exclusively For Tenants Of The Property.
Exclusions
All Personal Property
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
House Color
Beige
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
36 days
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1920
Bedrooms
5
Full Bathrooms
4
Living Area
3,264 sq ft
Total Rooms
12
Stories
4
Levels
4
Floor Layout
Interior Features
Flooring:
Tile, Laminate, Hardwood
Appliances:
Range, Dishwasher, Refrigerator
Interior Features:
Living Room, Kitchen, Family Room, Living RM/Dining RM Combo
Windows:
Insulated Windows
Basement:
Walk-Out Access, Interior Entry, Concrete, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1920
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
4
Utilities & Systems
Heating:
Natural Gas
Heating Zones:
3
Cooling:
Hot Water:
Natural Gas, Tank
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Rain Gutters
Patio & Porch:
Deck - Roof
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Paved
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
7
Parking Features:
Paved Drive, Shared Driveway, Off Street
Nearby Schools
School District
Waltham School District local
B+
School Safety
2024-25
2.3%
Average
2.2%
Suspensions
1.4%
In-School
0.1%
Emergency
3.2% below state avg
Elementary Schools
10 schools
The Lumen Academy
0.7 mi
Grades PK-08
Milestones Day School
2.1 mi
Grades 02-12
Our Lady's Academy
2.5 mi
Grades PK-08
B
Henry Whittemore Elementary School
0.5 mi
|
#353 of 825
|
Score: 48.9
Improved 148 spots from last year
-9.3 below state avg
355 students
Moderate
Rising School
Grades K-05
B+
James Fitzgerald Elementary School
1.0 mi
|
#264 of 825
|
Score: 51.9
Improved 8 spots from last year
-6.3 below state avg
352 students
Diverse
Diverse Student Body
Strong Attendance
Grades K-05
B+
Thomas R Plympton Elementary School
1.1 mi
|
#305 of 825
|
Score: 50.7
Improved 342 spots from last year
-7.5 below state avg
335 students
Diverse
Rising School
Diverse Student Body
Grades K-05
B
William F. Stanley Elementary School
1.3 mi
|
#412 of 825
|
Score: 47.4
Improved 57 spots from last year
-10.8 below state avg
396 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B
Dual Language School
1.5 mi
|
#410 of 825
|
Score: 47.5
Dropped 78 spots from last year
-10.7 below state avg
219 students
Moderate
Strong Attendance
Grades K-05
B
Northeast Elementary School
2.1 mi
|
#346 of 825
|
Score: 49.1
Improved 261 spots from last year
-9.1 below state avg
477 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
A-
Douglas MacArthur Elementary School
2.5 mi
|
#174 of 825
|
Score: 56.1
Improved 224 spots from last year
-2.1 below state avg
515 students
Diverse
Rising School
Diverse Student Body
Strong Attendance
Grades K-05
Middle Schools
2 schools
B
John W. McDevitt Middle School
0.6 mi
|
#160 of 352
|
Score: 43.8
Dropped 17 spots from last year
-14.4 below state avg
604 students
Diverse
Grades 06-08
A-
John F Kennedy Middle School
0.9 mi
|
#95 of 352
|
Score: 50.3
Improved 33 spots from last year
-8 below state avg
645 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
4 schools
B-
Waltham Senior High School
0.9 mi
|
#181 of 346
|
Score: 53.6
Improved 57 spots from last year
-4.6 below state avg
1,784 students
Diverse
21 sports
• 1,802 athletes
Strong AP Program
Early College Program
Rising School
Career Tech Programs
Grades 09-12
Chapel Hill Chauncy Hall School
1.2 mi
Grades 09-12
Waltham Valor High School
1.5 mi
47 students
Less Diverse
Grades 09-12
Gann Academy-The New Jewish High School
1.7 mi
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$927
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
280-282 River Street, Waltham MA 02453
Waltham, MA 02453
Listing Information
Listing Agent
Lisa Dallaire
Listing Office
Berkshire Hathaway HomeServices Commonwealth Real Estate
Office Phone
781-313-2772
Agent MLS ID
BB808434
Office MLS ID
AN5824
Listing Data Updated
Oct 17, 2026 1:51 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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