Veronica Smyth
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Multi Family at 11 Derby Street, Waltham MA 02453, Waltham
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29 photos

$799,000

11 Derby Street, Waltham MA 02453
Waltham, MA 02453
Listed by Lisa Lyons
Bedrooms
2
Bathrooms
2
Living area
1,901 sqft
Year built
1900

About this home

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

MLS #
73459250
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
302
On market date
December 3, 2025
Stories
3
Total bathrooms
2
Garage spaces
N/A
Parking spaces
6
Lot size
0.13 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Waltham Public Schools Dual Language Program
0.42 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
210
Student:teacher ratio
11.1:1
District
Waltham
Middle
John W. McDevitt Middle School
1.21 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
617
Student:teacher ratio
7.8:1
District
Waltham
High
Newton North High
1.92 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
2,098
Student:teacher ratio
10.9:1
District
Newton

Walkability

Blended score for Waltham's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

84
Highly walkable
out of 100
EPA National Walkability Index
14.7 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores19
Parks20
Schools20
Transit stops20
Pharmacies2

Market position

How this listing compares to current activity in Waltham, from live MLS data.

On the market 302 days -- 213 more days than Waltham's current average of 89 days.
For reference, the median list price across 441 active listings in Waltham right now is $5,500.

Mortgage calculator

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Est. monthly payment
$4,962/mo
$159,800 down
$639,200 loan
Principal & interest$4,146
Property tax (est.)$666
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 16 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.