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Waltham Medical Commercial Condo Unit

20 Hope Avenue #208, Waltham, MA 02453

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For Sale

$449,000

Medical commercial condo unit in a prime Waltham location.

Property size:

1,156 SF

Price / SF:

$388/SF

HighLights

Recently totally renovated and updated medical commercial condo unit.
Prime, convenient location just off major highways and routes in Waltham.
Ideal for medical or medical‑related use with check‑in area, waiting room, private office, two treatment rooms, two exam rooms, and large restroom.
Handicap and elevator access.
Excellent rental history.
Rare opportunity to own/lease first‑class medical office space.

We can help!

Contact an agent

Glenna Gelineau

Learn more

For Sale

$449,000

Medical commercial condo unit in a prime Waltham location.

Property size:

1,156 SF

Price / SF:

$388/SF

Added:: Mar 9, 2026
Days on Market:: 111
Last Refresh:: Mar 16 at 11:04 am

Property Features for 20 Hope Avenue #208

General Information

Standard status: Active
Size: 1,156 SF

Building Details

Year Built: 1970

We can help!

Contact an agent

Glenna Gelineau

Listing office Gelineau & Associates, R.E.

Listing date Mar 9, 2026

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Gelineau & Associates, R.E.

HighLights

Recently totally renovated and updated medical commercial condo unit.
Prime, convenient location just off major highways and routes in Waltham.
Ideal for medical or medical‑related use with check‑in area, waiting room, private office, two treatment rooms, two exam rooms, and large restroom.
Handicap and elevator access.
Excellent rental history.
Rare opportunity to own/lease first‑class medical office space.

Overview

Located at 20 Hope Avenue in Waltham, Massachusetts, this commercial condo unit offers 1,156 square feet of space suitable for medical or medical-related uses. The recently renovated and updated unit features a check-in area, a good-sized waiting room, a private office, two treatment rooms, two exam rooms, and a large restroom. The building provides handicap and elevator access and has demonstrated an excellent rental history. Its location offers convenient access to major highways and routes. This property presents an opportunity to own first-class medical office space in the strategically located city of Waltham.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$62.7k	$54.24
− Vacancy	−$13.8k	−$11.93
EGI	$48.9k	$42.31
− OpEx	−$12.2k	−$10.58
NOI	$36.7k	$31.73

1,156 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$524.0K

$458.5K – $611.3K (±1% cap)

NOI $36,680 @ 7.0% cap · market cap 8.17%

Second Best

Healthcare Medical

$479.4K

$419.4K – $559.3K (±1% cap)

NOI $33,555 @ 7.0% cap · market cap 7.47%

Theoretical Best

Office A

$684.3K

$598.8K – $798.4K (±1% cap)

NOI $47,904 @ 7.0% cap · market cap 10.67%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Acupuncture Health Care ... Medical Clinic Yili Cao, Yili Alternative Medicine Practice Chris M. Karavolas, ... Dental Office Carolyn Lucey, D.M.D., ... Dental Office Dr. Dara T. ... Dental Office

Suggested Use

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Location Insight

Map
Local Demand

City: Waltham
County: Middlesex
State: Massachusetts
Longitude: -71.2480477
Latitude: 42.3697108

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For sale
Medical Office Space
MA
Waltham
02453
20 Hope Avenue #208

What type of property is this?

Medical Office Space - Medical commercial condo unit in a prime Waltham location.

Where is this medical office space located?

The property is located at 20 Hope Avenue #208 Waltham, MA.

What is the asking price?

The asking price for this property is $449,000.

What are key features of this property?

This property features: Recently totally renovated and updated medical commercial condo unit.; Prime, convenient location just off major highways and routes in Waltham.; Ideal for medical or medical‑related use with check‑in area, waiting room, private office, two treatment rooms, two exam rooms, and large restroom.