
35 Hiawatha Avenue Waltham — Photo 1 of 41
$929,900
Investment Analysis — 35 Hiawatha Avenue
Waltham, MA 02451 — Lakeview
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 3.55% cap rate and $33,023/yr in estimated NOI at the $929,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,920
Style
Single Family
Built
2005
Desirable Lakeview community on the Lexington Line just steps to peaceful Hardy Pond! This younger contemporary Colonial offers a versatile layout with modern amenities throughout. Cherry kitchen features granite counters and stainless steel appliances and opens to a dining room with classic wainscoting. Inviting living room with gas fireplace, recessed lighting and decorative columns. The second floor offers two bedrooms plus a home office, while the top floor is dedicated to a spacious primary suite featuring cathedral ceilings, dual walk-in closets and a private tile bath. Ready-to-finish basement includes a wine cellar and offers excellent potential for additional living space. Additional features include hardwood floors throughout, central air conditioning, central vacuum, double width driveway and a detached one-car garage. Convenient to Route 128, Route 2, public transportation, parks, restaurants and all that the Lakeview area has to offer.
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 1,920 sq ft principal dwelling). Lot size: 5,184 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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Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator
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Public Transportation • Shopping • Park • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18 x 13
Flooring - Hardwood, Recessed Lighting
Dining Room
Lvl First14 x 11
Flooring - Hardwood, Open Floorplan, Wainscoting
Kitchen
Lvl First13 x 13
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Open Floorplan, Stainless Steel Appliances
Office
Lvl Second10 x 7
Flooring - Hardwood
Primary Bedroom
Lvl Third17 x 13
Bathroom - Full, Cathedral Ceiling(s), Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl Second15 x 14
Bedroom 3
Lvl Second18 x 11
Closet, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Hardwood
Bathroom 2
Lvl SecondBathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl ThirdBathroom - Full
Listing Agent: Hans Brings Results
Listing Office: Coldwell Banker Realty - Waltham
MLS® Number: 73581271