12 Gilbert Street Waltham — Photo 1 of 30
$875,000
Investment Analysis — 12 Gilbert Street
Waltham, MA 02453
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02453 carries an estimated $3,670/mo in gross rent — about a 3.05% cap rate and $26,671/yr in estimated NOI at the $875,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,463
Style
Single Family
Built
1905
Rangeley Acres. Located on the Watertown line this lovely 1905ca Dutch Gambrel offers period architectural details and modern updates throughout. The property greets you with a full-width west-facing porch, ideal for summer dinners and drinks. The entrance begins with a proper New England Foyer with ample room to make a break from the elements and settle in before entering the fireplaced living room. The modern eat-in kitchen features ample cabinets and counters and all-day sun from the south-facing windows and flows nicely into the dining room. Modern glass sliders lead from the dining room to the rear deck and fenced-in yard. A gentle winding staircase brings you up to the 3 bedrooms plus study on the 2nd floor. The main bathroom was gutted 3 years ago with a walk-in tiled shower. Hardwood floors, vinyl replacement windows. high-effiency FHW gas boiler with 2-zones and a wide open basement with good ceiling height is ideal for a workshop. There’s also a pull-down attic for additional storage and/or additional living space and a 1-car detached garage. Just a few blocks to the historical Gore Estate and 1 mile to Waltham Center/Commuter Rail.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 732 sq ft (the lesser of 900 sq ft or half the 1,463 sq ft principal dwelling). Lot size: 5,340 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Refrigerator • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, High Speed Internet Hookup, Open Floorplan
Dining Room
Lvl FirstFlooring - Hardwood, Slider
Kitchen
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting, Remodeled, Stainless Steel Appliances, Peninsula
Primary Bedroom
Lvl SecondFlooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall
Listing Agent: Peter Boyajian Team
Listing Office: Real Estate 109
MLS® Number: 73569305