June 3, 2025 – Dennis Kelleher, John Pentore and Spencer Smith of Horvath & Tremblay have successfully completed the sale of a four-unit multi-family Property in Waltham, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer in the transaction. The desirable asset sold for $1,552,200.
The multi-family property is located at 110-112 Russell Street in Waltham, Massachusetts The Property consists of a three-story building with four (4) residential units consisting of two (2), 3-Bedroom/1-Bathroom units and two (2), 1-Bedroom/1-Bathroom units with 3,608 square feet of living area in 5,963 square feet of gross area on a 0.14-acre parcel. The units are separately metered for heat, hot water and electric, which are paid directly by the tenants, with Landlord solely responsible for domestic water and sewer. The building features hardwood floors throughout and ample off-street parking including four direct parking spaces. 110-112 Russell Street offers the opportunity to create additional value through programmatic upgrades to the units and bringing the Property to its highest and best use, further driving rental rates in an exceptional location and high demand market. Located just off Main Street in downtown Waltham, the Property offers unparalleled access to the area’s extensive array of retail, shopping and entertainment amenities and is convenient to both Brandeis University and Bentley University. The location is just 0.6 miles from Waltham MBTA Station with service on the Fitchburg Line to Boston’s North Station and multiple MBTA bus routes. Downtown Boston is located just 10 miles to the east while both I-90 (the “Mass Pike”) and I-95 (Route 128) can be easily accessed within 3 miles of the Property.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.