
15 Oak Road Waltham — Photo 1 of 33
Recent Drop: $45,000
$840,000
Investment Analysis — 15 Oak Road
Waltham, MA 02451
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02451 carries an estimated $4,220/mo in gross rent — about a 3.78% cap rate and $31,713/yr in estimated NOI at the $840,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,240
Style
Single Family
Built
1965
In-Law / Au Pair Potential in desirable North Waltham! Welcome to this versatile renovated home featuring a fully finished lower level tailored for multigenerational living or a guest suite. The upper-level features gleaming hardwood floors throughout, a spacious living area with fireplace, three bedrooms, and a full bath. Large kitchen with updated cabinets and butcher block counters. Kitchen opens up to a tiled deck with potential for enclosing for four season usage. The lower level is complete with a full bath, private kitchenette (equipped with full size stainless refrigerator, sink, and microwave), and pre-wired connections for an electric stove/cooktop. This space offers exceptional independence and flexibility! Step outside on your deck which is located in your private, fully fenced-in backyard. Complete with a 1 car garage and extra driveway parking, this home is located on the desirable Lexington Line, within walking distance to Graverson playground, and just minutes from vibrant Moody Street and major commuter routes (I-95/Route 128). Letter of Full Lead Inspection Compliance issued in 2014. Following is the list of improvements: 2014 -- Replaced roof -- Replaced soffits and facias -- Rewired all electrical -- Replaced all light fixtures -- Installed hardwood fooring in kitchen -- Replaced all kitchen cabinets and countertops -- Smooth ceilings throughout upper level except bedrooms -- Smooth ceilings throughout lower level -- First level bath: replaced bathtub, toilet, vanity, light fixtures -- Second level bath: installed ceramic tiled shower, vanity, toilet, light fixtures -- Added lower-level kitchenette (wood cabinets, butcher block counters, full-size stainless-steel refrigerator, dishwasher, microwave, sink with disposal) -- Installed ceramic tile fooring throughout the lower level -- Replaced all interior and exterior doors -- Radon remediation system -- Tiled back deck-- Installed mahogany front deck, brick walkway with granite steps 2015 -- Refinished all hardwood floors 2016 -- New 55-gallon water heater 2024 -- Replaced oil tank 2026 -- Stained front and back decks -- Repainted all interior and exterior doors -- Painted door trims, fascia, and soffits-- Sealed driveway.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,240 sq ft principal dwelling). Lot size: 6,660 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Second Dishwasher • Stainless Steel Appliance(s)
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Recessed Lighting
Kitchen
Lvl FirstFlooring - Hardwood, Dining Area, Countertops - Upgraded, Deck - Exterior, Exterior Access, Recessed Lighting
Family Room
Lvl SecondCloset, Flooring - Stone/Ceramic Tile, Recessed Lighting
Primary Bedroom
Lvl FirstFlooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstFlooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - 3/4, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Property History
$840,000
Was $865,000
Aug 21, 2026
MLS® 73556308
$865,000
Was $885,000
Aug 7, 2026
MLS® 73556308
$885,000
Jul 29, 2026
MLS® 73556308
$269,000
Jul 14, 2010
MLS® 71100489
$299,900
Jun 24, 2010
MLS® 71100489
Listing Agent: Diane Mahalati
Listing Office: Schruender Realty
MLS® Number: 73556308