
35 Hillcrest St. Waltham — Photo 1 of 12
$375,000
Investment Analysis — 35 Hillcrest St.
Waltham, MA 02451
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 02451 carries an estimated $2,960/mo in gross rent — about a 6.03% cap rate and $22,610/yr in estimated NOI at the $375,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
464
Style
Single Family
Built
1930
ATTENTION BUILDERS, FLIPPERS, INVESTORS & VISIONARY HOME BUYERS: Rare opportunity to create something special and get into highly desirable Waltham at an incredible price! Property currently offers 464 sqft of living area. Stamped Architectural Plans propose expansion to 614 Sqft! A cozy single-family featuring a spacious bedroom and a bonus room/walk-in-closet, a living room, eat-in kitchen, and bathroom on one level with room to expand on lower level and a spacious backyard. Conveniently located near Waltham’s vibrant restaurants and shops, Hardy Pond, public transportation, and area amenities with excellent commuter access to I-95/128, Route 2, I-90. 'Old Lot' Status has been approved by the City of Waltham, confirming the lot’s status as a legally buildable lot despite not meeting current dimensional zoning requirements. This approval helps preserve the property’s development potential, subject to applicable zoning, permitting, and building requirements. Stamped architectural plans, contractor quote/budget & scope of work included—giving you a head start to renovate, expand & build equity. Property may also be a candidate for renovation financing - subject to buyer, property eligibility, and lender approval. Bring your vision and unlock the potential of this unbeatable location. Schedule your showing today!
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: 232 sq ft (the lesser of 900 sq ft or half the 464 sq ft principal dwelling). Lot size: 2,849 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.
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Living Room
Lvl FirstFlooring - Vinyl, Window(s) - Picture
Kitchen
Lvl Main,FirstExterior Access
Primary Bedroom
Lvl Main,FirstWalk-In Closet(s), Flooring - Wall to Wall Carpet, Window(s) - Picture
Bathroom 1
Lvl FirstProperty History
$375,000
Aug 25, 2026
MLS® 73568160
$260,000
Aug 13, 2025
MLS® 73398300
$299,900
Jun 30, 2025
MLS® 73398300
Listing Agent: The Denman Group
Listing Office: eXp Realty LLC
MLS® Number: 73568160