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7-11 Gibbs Ct Waltham, MA 02452
15 Beds
9 Baths
8,100 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,100 sqft
Price per Sqft $370
MLS Listing ID 73488681
Bedrooms 15
Full Baths 9
Year Built 1910
Annual Tax Amount $25,794
Tax Year 2025
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type 5-9 Family
Property Description
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
State MA
County Middlesex
Zoning RES
Direction Please use GPS
Exterior
Roof Type Shingle
Total Parking Spaces 6
Garage No
Building
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Special Listing Condition Real Estate Owned
Listed by Longwood Residential, LLC
NEARBY SCHOOL & BUSINESS