5-9 Family at 8-12 Exchange Ct, Waltham MA 02451, Waltham
5-9 Family at 8-12 Exchange Ct, Waltham MA 02451, Waltham, photo 2 of 14
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14 photos

$2,249,500

8-12 Exchange Ct, Waltham MA 02451
Waltham, MA 02451
Listed by Nicholas Neu
Bedrooms
10
Bathrooms
8
Living area
5,547 sqft
Year built
1880

About this home

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.

Property details

MLS #
73567818
Property type
5-9 Family
Subdivision
N/A
Status
Active
Days on market
31
On market date
August 25, 2026
Stories
7
Total bathrooms
8
Garage spaces
1
Parking spaces
10
Lot size
0.22 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Thomas R Plympton Elementary School
0.35 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
334
Student:teacher ratio
10.1:1
District
Waltham
Middle
John W. McDevitt Middle School
0.38 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
617
Student:teacher ratio
7.8:1
District
Waltham
High
Waltham Sr High
1.3 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,643
Student:teacher ratio
10.2:1
District
Waltham

Walkability

Blended score for Waltham's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

92
Highly walkable
out of 100
EPA National Walkability Index
17.2 / 20 -- Most walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores15
Parks14
Schools16
Transit stops20
Pharmacies8

Market position

How this listing compares to current activity in Waltham, from live MLS data.

On the market 31 days -- 55 fewer days than Waltham's current average of 86 days.
For reference, the median list price across 435 active listings in Waltham right now is $5,500.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$13,697/mo
$449,900 down
$1,799,600 loan
Principal & interest$11,672
Property tax (est.)$1,875
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 12 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.