Home > Massachusetts > Waltham > 206 Unit Value-Add Multi-Family | Waltham, MA

56 Charles River Rd, Waltham, MA 02453

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Building Details:

• Year Built: 1965

56 Charles River Rd is amulti-family property located in Waltham, MA. The property currently has 1 multi-family space for lease and is marketed by .

According to 2020 US Census data, the population of Waltham is 66,235, with a median household income of $105,279. 75% of the City's workforce comprises white-collar workers, while 25% comprise the blue-collar and services sectors. Of the 27,048 households in Waltham, 48.2% rent vs. own, providing a deep tenant market for Waltham's multifamily investment owners. Between 2010 and 2022, Waltham's population increased by 9.2% due to the strong local economy, amenity offerings, and proximity to major transportation such as Routes 128 & 90 as well the Brandeis/Roberts MBTA Commuter Rail Station to Boston.

Available Spaces

Suite	Space Type	Pricing	Size
---	Multi-Family Space	For sale: Contact for Pricing
Value-add multifamily investment opportunity is now available for sale in one of Greater Boston's most desirable core rental markets, Waltham, Massachusetts. Charlesbank Garden Apartments features 206 market rate units located on 9.85 acres in a total of 13 detached free-standing buildings with an attractive mix of 76% two-bedroom and 24% one-bedroom units. Family-developed, owned, and operated since the 1950s, Charlesbank Garden Apartments offers the opportunity to reposition units by upgrading the kitchens, baths, paint, and carpet and pass through heat and water to tenants to bring current rents to market, creating a dramatic increase in net operating income. Located just a ½ mile from the Brandeis/Roberts MBTA Commuter Rail Station and minutes from the Route 128/90 Interchange, residents enjoy rapid access to major employment centers throughout the inner 128 and Downtown Boston market, home to companies such as Oracle, Raytheon, National Grid, Constant Contact, SAP, ADP, and Fresenius. What's more, residents at Charlesbank Garden Apartments enjoy 4-5 minute proximity to entertainment and restaurants on Moody Street and an eight-minute walk to Brandeis University. « show less Value-add multifamily investment opportunity is now available for sale in one of Greater Boston's most desirable core rental markets, Waltham,... show more » View Details Value-add multifamily investment opportunity is now available for sale in one of Greater Boston's most desirable core rental markets, Waltham, Massachusetts. Charlesbank Garden Apartments features 206 market rate units located on 9.85 acres in a total of 13 detached free-standing buildings with an attractive mix of 76% two-bedroom and 24% one-bedroom units. Family-developed, owned, and operated since the 1950s, Charlesbank Garden Apartments offers the opportunity to reposition units by upgrading the kitchens, baths, paint, and carpet and pass through heat and water to tenants to bring current rents to market, creating a dramatic increase in net operating income. Located just a ½ mile from the Brandeis/Roberts MBTA Commuter Rail Station and minutes from the Route 128/90 Interchange, residents enjoy rapid access to major employment centers throughout the inner 128 and Downtown Boston market, home to companies such as Oracle, Raytheon, National Grid, Constant Contact, SAP, ADP, and Fresenius. What's more, residents at Charlesbank Garden Apartments enjoy 4-5 minute proximity to entertainment and restaurants on Moody Street and an eight-minute walk to Brandeis University. Pricing: Contact for Pricing Availability: Now Listing ID: 3304403 Save to list

Multi-Family Space

For sale: Contact for Pricing

Value-add multifamily investment opportunity is now available for sale in one of Greater Boston's most desirable core rental markets, Waltham,... show more »

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56 Charles River Rd, Waltham, MA 02453

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