8-12 Exchange Ct, Waltham MA 02451

Waltham, MA 02451
$2,399,999
$2,149,500
Est. $12,569/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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10
Beds
8
Baths
5,547
Sq Ft
$388
Price/Sq Ft
0.22
Acres
1880
Year Built
1
Garage Space
38
Days on Market
For Sale Price Drop -$250,499 Listed Aug 25, 2026 • MLS# 73567818 Copied! • Updated Oct 1, 2026

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About this home

Price Adjustment! Rare opportunity to acquire 8-10-12 Exchange Court, an established downtown Waltham mixed-use income property combining multiple residential rental streams with a separate warehouse/storage tenancy. Tucked off Exchange Street yet only steps from Main Street, the Waltham Public Library and Moody Street's restaurants, shops and entertainment, the property offers the location and convenience that support lasting tenant demand. The Waltham MBTA Commuter Rail station is 0.5 mile away, with nearby bus service and convenient access to Route 20, Route 117, I-95/Route 128 and the Massachusetts Turnpike. The building reflects a varied residential mix that includes studio, one-bedroom and two-bedroom accommodations, plus a commercial warehouse rental. Several apartments were upgraded in July 2026 with fresh paint, new flooring or carpeting, and kitchen and bath improvements. The mix of smaller units, multi-bedroom apartments and warehouse income helps diversify revenue and offers greater leasing flexibility than a conventional small multifamily. Recent leasing activity across the upgraded apartments also provides current evidence of the location's appeal. Additional features include gas heat, city water and sewer, vinyl siding, asphalt roofing done in 2016 and off-street parking, all on a 9,695-square-foot parcel. This is a compelling opportunity to acquire meaningful income-producing scale in a highly connected Waltham location, with existing cash flow, recently improved units, multiple sources of income and a clear near-term path to higher gross revenue. Property is offered as-is. Buyer and buyer's agent must independently verify all information.

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Property History

Market Insights

2
Price Changes
10.4%
Price Range

Property Timeline

↓
Price Reduced
Oct 1, 2026
$2,149,500 $100,000 (-4.45%)
From $2,249,500 to $2,149,500 (-4.5%)
↓
Price Reduced
Sep 9, 2026
$2,249,500 $150,499 (-6.27%)
From $2,399,999 to $2,249,500 (-6.3%)
🏠
Listed for Sale
Aug 25, 2026
$2,399,999
Original listing
Agent: Nicholas Neu Office: Advantage Property Team LLC

Tax History

Year Taxes Assessment
2026 $17,996 $1,602,200

Financial Details

Annual Property Tax
$17,996
Tax Year 2026
Assessed Value
$1,602,200

Facts & Features

1 Car Garage

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1880
Living Area 5,547 sq ft
Lot Size 0.22 acres
Stories 7
Bedrooms 10
Full Baths 8
Total Rooms 20

Investment Metrics

Units 9
Unit 1 Rent $1,600/mo · Y
Unit 2 Rent $1,750/mo · N
Unit 3 Rent $2,400/mo · N
Unit 4 Rent $1,820/mo
Total Monthly Rent $7,570/mo
Gross Income $204,780
Net Operating Income $179,226
Operating Expenses $25,544
Water/Sewer Expense $3,179
Insurance Expense $4,369
Cap Rate 8.34%
Heating Natural Gas
Cooling None
Flooring None
Appliances Range, Refrigerator
Fireplace None
Basement Unfinished
Laundry None
Features None
Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Garage Spaces 1
Has Garage Yes
Features Off Street
Total Spaces 10
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $17,996
Assessed Value $1,602,200
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Yes
Seller Disclosures Commercial Garage Is Leased; Oil Heat; No Water/bathroom. Owner Was Advised By A Prior Owner That Unit 12-2 Contains Lead Paint. Current Owner Has No Lead Paint Reports, Records, Or Test Results Available.
Possession None
Accepted Financing Contract
Structure Type []
House Color Yellow
Sq Ft Source Public Record
Sq Ft Disclosures Bedroom count includes studios. LA doesnt include 1350sqft commercial garage, which is the 9th unit
Documents None
County Middlesex
Total market time (incl. prior listings) 37 days

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1880
Bedrooms
10
Full Bathrooms
8
Living Area
5,547 sq ft
Total Rooms
20
Stories
7
Levels
7

Floor Layout

Interior Features

Flooring:
Appliances: Range, Refrigerator
Interior Features:
Windows:
Basement: Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1880
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation: Stone, Brick/Mortar
Stories: 7

Heating, Cooling & Utilities

Heating: Natural Gas
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Level
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 10
Parking Features: Off Street
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
E

Elementary Schools

10 schools
The Lumen Academy
1.3 mi
Grades PK-08
Milestones Day School
1.4 mi
Grades 02-12
Our Lady's Academy
2.2 mi
Grades PK-08
B+
Thomas R Plympton Elementary School
0.4 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
0.9 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
Henry Whittemore Elementary School
1.0 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
Dual Language School
1.3 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+
James Fitzgerald Elementary School
1.6 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
A-
Douglas MacArthur Elementary School
1.9 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
B
Northeast Elementary School
1.9 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
M

Middle Schools

2 schools
B
John W. McDevitt Middle School
0.4 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
0.4 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
H

High Schools

4 schools
B-
Waltham Senior High School
0.4 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
0.8 mi
Grades 09-12
Waltham Valor High School
1.3 mi
47 students Less Diverse
Grades 09-12
Gann Academy-The New Jewish High School
1.8 mi
Grades 09-12
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,500
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Neighborhood

8-12 Exchange Ct, Waltham MA 02451

Waltham, MA 02451

Listing Information

Listing Agent Nicholas Neu
Listing Office Advantage Property Team LLC
Office Phone 781-209-0888
Agent MLS ID CN240661
Office MLS ID AN3565
Listing Data Updated Oct 1, 2026 11:43 AM 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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Steve Novak Real Estate
Steve Novak Real Estate
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