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You are here:
Home Massachusetts Waltham Multi-Family Homes for Sale

11 Derby Street Waltham, MA 02453

22 Days on Boston Pads
24 Photos
$849,000
2 Unit
2 Beds
2 Baths
1901 SQFT
0.13 Acre
11 Derby Street
Waltham, MA 02453

Property Description

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 Overview

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 2
  • Total Full Baths: 2
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, University

Financial

  • APOD Available: No
  • Gross Operating Income: 45600
  • Net Operating Income: 45600

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1900
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73459250
  • Last Updated: 12/07/25

Date Event Price Price/Sq Ft Source
12/07/2025Active$849,000$447MLSPIN
12/03/2025New$849,000$447MLSPIN

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Map & Resources

Dual Language School

Public Elementary School, Grades: K-5

0.42mi

Driving Lessons with L & M

Driving School

0.46mi

NY Pie

Fast Food

0.08mi

New Dragon Chef

Chinese (Fast Food)

0.23mi

Athens Pizza

Pizzeria

0.24mi

Dunkin'

Donut & Coffee Shop

0.33mi

Angelo's House of Pizza

Pizzeria

0.34mi

Heidi's Restaurant

Restaurant

0.18mi

Heidi's Restaurant

Restaurant

0.18mi

Masao's Kitchen

Restaurant

0.34mi

Waltham Fire Department

Fire Station

0.4mi

Hagop N. "Jack" Koutoujian Playground

Municipal Park

0.04mi

Logan Park

Municipal Park

0.36mi

Peter Gilmore Playground

Municipal Park

0.46mi

Fitch Water Spray Park

Playground

0.42mi

Newton Dentistry

Dentist

0.26mi

Advanced Waltham Dental

Dentist

0.44mi

Nice & Lovely

Beauty

0.46mi

Mobil

Gas Station

0.02mi

7-Eleven

Convenience

0.33mi

Moody St @ Underwood Pk

505
553
554

0.02mi

Moody St opp Underwood Pk

505
553
554

0.03mi

Moody St @ Washington Ave

505
553
554

0.12mi

Moody St @ Orange St

505
553
554

0.14mi

Lexington St @ Whitlowe Rd

505
553
554

0.16mi

Lexington St @ Whitlowe Rd

505
553
554

0.16mi

Moody St @ Robbins St

505
553
554

0.21mi

Rumford Ave @ Lexington St

558

0.24mi

Seller's Representative: Lisa Lyons, Coldwell Banker Realty - Waltham
MLS ID#: 73459250

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-12-07 03:07:00