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42 Mokema Ave Waltham — Photo 1 of 16

42 Mokema Ave Waltham — Photo 1 of 16

$698,000

Investment Analysis — 42 Mokema Ave

Waltham, MA 02451 — Lakeview

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02451 carries an estimated $3,520/mo in gross rent — about a 3.89% cap rate and $27,143/yr in estimated NOI at the $698,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

1,135

Style

Single Family

Built

1950

Single-level living in one of Waltham’s most desirable neighborhoods! This 2-bedroom ranch is a true condo alternative, offering single-family privacy, a fenced yard, off-street parking, and no condo fee. The functional layout includes a kitchen with newer appliances, countertops, backsplash, and flooring, plus freshly painted rooms, new lighting, and a tankless water heater. A roof-mounted solar photovoltaic system with Eversource net-metering credits adds energy-conscious appeal. Outside, enjoy a new driveway, bluestone front walk, and oversized patio with turf—ideal for relaxing, play, or entertaining. The heated flex space is perfect for a home office, gym, hobbies, game days, or gatherings and includes pull-down storage. Two additional storage sheds offer room for tools and seasonal items. Near shopping, restaurants, parks, transit, and major commuter routes. Owner-occupants may be eligible for Waltham’s residential tax exemption. Buyer to verify solar and exemption details.

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: 568 sq ft (the lesser of 900 sq ft or half the 1,135 sq ft principal dwelling). Lot size: 4,500 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.

Open Houses

Property Details

Financials

Original Price$698,000
Annual Taxes$4,959

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms4
FireplacesNone
FlooringTile, Carpet, Flooring - Vinyl
BasementNone

Climate & Utilities

HeatingElectric Baseboard, Electric
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationSlab
Zoning1

Property & Lot

Acres0.1
SqFt Lot4,500
Lot FeaturesLevel

Amenities & Appliances

Electric Water Heater • Solar Hot Water • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenBathroom 1
Main,First
Primary BedroomBedroom 2
Living Room
Lvl First

Ceiling Fan(s), Window(s) - Picture

Kitchen
Lvl First

Ceiling Fan(s), Closet, Closet/Cabinets - Custom Built, Flooring - Vinyl, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, High Speed Internet Hookup, Stainless Steel Appliances, Washer Hookup, Lighting - Pendant

Primary Bedroom
Lvl Main,First

Ceiling Fan(s), Closet, Cable Hookup, High Speed Internet Hookup

Bedroom 2
Lvl Main,First
Bathroom 1
Lvl First
Listing Provided By

Listing Agent: The Jeff Groper Group

Listing Office: Coldwell Banker Realty - Newton

MLS® Number: 73575504