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INVESTMENT SNAPSHOT
About this property
Builder and investor opportunity in Waltham's desirable South Side! Offered as an income-producing investment property, currently two large 1-bedroom units with expansion potential. Located in an RB zoning district with Old Lot Opinion flexibility, allowing for a 1647 sq ft buildable footprint and reduced side-yard setback requirements per town guidelines. Two-family structure in place with strong potential for redevelopment, condo conversion, or expansion including a possible accessory dwelling unit (ADU), subject to municipal approvals. Inquire about seller finance option. Buyer to perform all due diligence.
Property details
| Units | 2 |
| Living area | 1,901 sqft |
| Lot size | 5,489 sqft |
| Year built | 1900 |
| Price / sqft | $420 |
| County | Middlesex |
| MLS # | 73459250 |
Listing status
| Days on market | 178 days |
| Listed on | December 3, 2025 |
Taxes & financials
| Annual property tax | $8,033 |
| Tax year | 2025 |
| Assessed value | $818,000 |
| Zoning | RB |
| Total actual rent | $0/mo |
Building & lot
| Stories | 3 |
| Total rooms | 9 |
| Lot size | 0.13 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Paved Drive, Off Street, Paved |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Waltham →
Listing courtesy of Coldwell Banker Realty - Waltham — Lisa Lyons. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 11 Derby Street, Waltham MA 02453 have?
It is a 2-unit multi-family property with 1,901 sqft of living area, built in 1900.
How long has 11 Derby Street, Waltham MA 02453 been on the market?
11 Derby Street, Waltham MA 02453 has been listed for 178 days (since December 3, 2025).
What is the estimated cap rate on this 2-family in Waltham?
Based on area median rents, the estimated cap rate is about 5.3%, with a Signal Score of 89/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $799,000 across 2 units, that works out to roughly $399,500 per unit.
What are the property taxes on 11 Derby Street, Waltham MA 02453?
Annual property taxes are $8,033 (2025), on an assessed value of $818,000.
What is the price per square foot?
At $799,000 for 1,901 sqft, that's about $420 per square foot.
Is there parking?
6 total parking spaces (paved drive, off street, paved).
Where is this property located?
11 Derby Street, Waltham MA 02453 is in Waltham, Middlesex County, MA 02453.
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