172-174 Newton Street

172-174 Newton Street is a value-add opportunity in a dynamic, high demand residential market. The opportunity exists to increase rents through programmatic upgrades to the unrenovated units as well as to renovate and utilize the third-floor bedrooms in 174-R and 174-1. The 4-unit asset has undergone recent capital upgrades including a new roof and updated electrical. Additionally, there is ample off-street parking along the side of the property as well as the rear. 172-174 Newton Street is centrally located in a high-density residential neighborhood adjacent to downtown Waltham and its vibrant shops, restaurants and nightlife. The Property is located 10 miles to the west of Boston and 2 miles from both I-90 and I-95 offering convenient access to Boston, Cambridge, and the Route 128 Technology Corridor. The location also benefits from its proximity to Brandeis University (5,900 students) and Bentley University (5,600 students), which are both located within 2 miles of the property.