11 Derby St Waltham, MA 02453
South Side NeighborhoodEstimated payment $5,139/month
Highlights
- Medical Services
- Property is near public transit
- Shops
- Deck
- Park
- 2-minute walk to Jack Koutoujian Playground
About This Home
Prime investment/development opportunity in Waltham’s desirable South Side! This two-family sits on a 5490sf RB-zoned lot. 1647 sq ft allowable footprint per Waltham’s Small Lot/Old Lot Opinion guidelines (lot created prior to 1942). Buyers may rebuild two units and add an ADU, with the ADU required to be conveyed with one of the primary units. Old Lot Opinion would allow a new 1647sf footprint (not required to match existing) and requires 16 ft combined side setback. Existing structure offers holding income with two 1-bed units each TAW rented at $1,900/mo. Incredible opportunity for builders, developers, or investors looking for value-add potential in a prime location. Buyer to perform all due diligence.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,033
Year Built
- Built in 1900
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 1,901 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Additional Features
- Deck
- 5,489 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 841483
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
Additional Features
- 2 Units
- Net Operating Income $45,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,033 | $818,000 | $358,400 | $459,600 |
| 2024 | $7,472 | $775,100 | $358,400 | $416,700 |
| 2023 | $7,395 | $716,600 | $326,500 | $390,100 |
| 2022 | $7,508 | $674,000 | $298,100 | $375,900 |
| 2021 | $3,839 | $339,100 | $400 | $338,700 |
| 2020 | $3,798 | $317,800 | $400 | $317,400 |
| 2019 | $0 | $513,700 | $253,000 | $260,700 |
| 2018 | $0 | $473,600 | $234,200 | $239,400 |
| 2017 | $0 | $452,300 | $212,900 | $239,400 |
| 2016 | -- | $427,500 | $188,100 | $239,400 |
| 2015 | -- | $387,600 | $184,500 | $203,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/03/2025 12/03/25 | For Sale | $849,000 | -- | $447 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,650,000 | -- | |
| Foreclosure Deed | $145,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,172,000 | Commercial | |
| Previous Owner | $191,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73459250
APN: WALT-000077-000028-000002
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