Sold

46-48 Waverly Pl, Melrose, MA

Melrose · MA 02176

$1,750,000
Price
7
Beds
7
Baths
2940
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1900
Units: 7 Units
Lot size: 6,734 Sq.Ft Lot
Price per square foot: $561 / Sq.Ft
Parking: 8 Off Street Spaces

About this home

This 7-unit multifamily property consists of (7) One-bedroom apartments with (8) off-street parking spaces for tenants to use. This asset is located directly next to the Wyoming Hill MBTA station which makes it very convenient for tenants who are commuting into the city for work or fun. This is the first time the property has been on the market in over 26 years. The rents are currently 40% below market rate, investors have the opportunity to add value through upgrading units and hallways to a more modern look and raising rents to market rate. All interested parties will have the opportunity to obtain additional information upon request.

Neighborhood & Transit

46-48 Waverly Pl, Melrose · MA 02176

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

  • Wyoming Hill Commuter Rail 1 route 0.03 mi
    • Haverhill Line

Price Insight

Days on Market:
685 days
Listing Price:
$1,650,000
Price per Sq.Ft:
$561
Tax Assessment:
$962,400 in 2024
Taxes:
$796 / Monthly

Home Facts

Interior Features

Bedrooms
7
Full Bathrooms
7
Half Bathrooms
0
Living Area
2,940 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
2940
Flooring
Unknown
Lead paint
Yes

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
60 Amps/Less

Exterior Features

Lot Size
6,734 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
8 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Vinyl
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Bradford Carlson
Listing office
New England Realty Advisors LLC
MLS PIN #
73320720