Apartment
For Sale
$3,000,000
7-11 Gibbs Ct, Waltham, MA 02452
Residentially zoned apartment property with a gas water heater and paved exterior areas.
Property Size8,100 SF
Price / SF$370.37
Days on Market213
Property Features for 7-11 Gibbs Ct
General Information
Standard status
Active
Size
8,100 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Zoning
RES
Taxes and HOA fees
Annual Taxes
$25,794
Building Details
Building Size
8,100 SF
Year Built
1910
Stories
3
Listing Agency:
Longwood Residential, LLC
(617) 396-3100
Listed By:
Karen Williams
(774) 223-7994
Source:
Churchillprop
Added: Mar 18
Changed: Oct 6
Last Checked: Oct 16 at 7:10AM
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 Longwood Residential, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property at 7-11 Gibbs Ct in Waltham, Massachusetts, was built in 1910 and measures 8,100 square feet. The building is classified under RES zoning and includes a gas water heater. Paved exterior areas are also present. The property is located in Middlesex County.
Key Highlights
- 8,100‑square‑foot apartment property
- Built in 1910
- RES zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,163
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,223,260
$3.2M
Cap Rate 7%
$2,302,329
$2.3M
Cap Rate 9%
$1,790,700
$1.8M
Market Conditions
NOI Build-Up for 8,100 SF
Gross rent
$309.1K $38.16/SF
− Vacancy
−$16.1K −$1.98/SF
EGI
$293.0K $36.18/SF
− OpEx
−$131.9K −$16.28/SF
NOI
$161.2K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,223,260
Cap Rate 7%
$2,302,329
Cap Rate 9%
$1,790,700
Alternative Uses
Best Use
Apartment 5plus
$2.30M
$2.01M – $2.69M
NOI $161,163 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.80M
$4.20M – $5.59M
NOI $335,662 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 02452, MA
15,340
Population
5,838
Households
2.6
Avg Household Size
33
Median Age
54%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
4,037
Density / Sq Mi
$112,902
Median Household Income
$41,351
Median Earnings
$2,325
Median Rent
$779,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Residentially zoned apartment property with a gas water heater and paved exterior areas.
Where is this apartment building located?
The property is located at 7-11 Gibbs Ct Waltham, MA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 8,100‑square‑foot apartment property; Built in 1910; RES zoning
