Multi Family

7-11 Gibbs Ct

Waltham, MA 2452 · MLS 73488681

$3,000,000

8,100 sqft

  • Beds—
  • Baths—
  • Sq Ft8,100
  • Year1910
  • Style—
  • $ / Sq Ft$370
  • HOA—
  • Taxes$25,794
  • Parking6
  • Lot8499.0
  • MLS73488681
  • StatusActive

About this home

Exceptional cash-flowing 9-unit investment property generating approximately $226,500 in annual rental income. This well-maintained building features three (2) one-bedroom units (2) three-bedroom units, (5) two-bedroom units, and a strong and diverse rental mix. Recent capital improvements include a new roof and siding, an updated exterior, paved driveway, and upgraded electrical systems throughout-providing peace of mind and reduced near-term maintenance costs. Current rents are slightly below market value, creating a clear opportunity for future rent increases and additional upside for the next owner. The property also benefits from separate utilities, with tenants responsible for their own usage-helping to maximize net operating income. Additional amenities include off-street parking for at least six vehicles. Prime location, close to major universities and with commuter rail access, making the property attractive to both tenants and investors.

Location

DirectionsMore in Waltham

More about Waltham

Waltham Profile Snapshot
Primary Vibe Diverse city with dining on Moody Street, tech presence, and residential streets. Popular with buyers seeking relative value and amenities.
Housing Prices More approachable than closer-in areas. Prices vary by condition and location. Multi-family homes offer rental potential.
Commute to Boston Commuter rail and highway access provide convenience. Driving and bus options exist. Parking is generally more available than downtown.
Schools Served by Waltham Public Schools. Confirm assignments with the district.
Market Demand supported by location and amenities. Updated properties near transit or Moody Street attract interest.
Housing Styles Multi-family homes, condominiums, and single-family houses. Newer infill appears near commercial areas.

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Listing information is believed accurate but is not guaranteed and should be independently verified. Courtesy of the listing office shown.