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Waltham, MA Multi-Family Homes For Sale
Searching for multi-family homes in Waltham? Whether you're an investor or looking to owner-occupy, explore current multi-family listings in Waltham to find your next opportunity.
Our powerful search tool provides direct access to the latest listings from the MLS Property Information Network (MLSPIN), featuring a diverse range of multi-family properties. You'll find options with multiple separate living units, ideal for generating rental income or accommodating extended family. These properties often include features like separate entrances, shared outdoor spaces, and sometimes individual utility metering.
Why Choose a Multi-Family Home in Waltham?
Buying a multi-family in Waltham lets you live in one unit while renting the others, using the monthly income to help cover the mortgage and grow equity faster. As your situation changes, you can keep renting, combine units for larger living space, or transition to full investment use.
Demand for rentals stays steady thanks to Waltham’s job base and quick commute to Boston, so well-located two-families or apartments rarely sit on the market for long. Choices range from classic duplexes to larger triple-deckers, giving investors room to match budget and goals.
Managing tenants and maintenance takes effort, but the trade-off is a property designed to generate cash flow and long-term appreciation in one of Greater Boston’s most convenient suburbs.
Waltham Real Estate Market Insights
For those considering an investment in Waltham's multi-family real estate, understanding the current market landscape is crucial.
- Median Listing Price for Multi-Family Homes: $1,200,000
- Median Days on Market (All Home Types): Approximately 7-22 days
- Multi-Family Inventory: Approximately 12-14 units typically available
- Overall Home Value Appreciation (All Types): +2.1% YoY
The multi-family market in Waltham is competitive with premium pricing due to strong demand and limited supply. These properties are highly sought after by both investors looking for rental income and owner-occupiers aiming to reduce their housing costs. Buyers should be prepared to act decisively when a suitable property in a desirable neighborhood becomes available.
What rents can a Waltham multi-family generate?
Rates shift by block, unit size, and condition. Homes near Brandeis, Bentley, and Moody Street often fetch the highest numbers, but remember to budget for vacancies and routine fixes before counting on a final figure.
How do Waltham zoning rules affect these houses?
City codes set limits on unit count, parking spots, and additions. Check that the property already meets current rules—or learn what you must do to bring it into line—before you close.
What are the day-to-day challenges of ownership?
Landlords handle tenant screening, rent collection, repairs, and local housing laws. Older structures may need plumbing, wiring, or roof upgrades, so plan for steady maintenance or hire a manager.
Is financing different from a single-family loan?
Yes. Lenders usually want 20-25 percent down and will review the building’s expected income. Rates can run a bit higher than a single-family mortgage, so shop lenders familiar with small multi-family deals.
Why look in North Waltham or Waltham Highlands?
Both areas draw long-term renters thanks to good schools and a neighborhood feel, helping owners keep units filled and values moving up over time.
