Skip to content

Location filter
  • Any
  • Boston
  • Boston - Allston
  • Boston - Back Bay
  • Boston - Bay Village
  • Boston - Beacon Hill
  • Boston - Brighton
  • Boston - Charlestown
  • Boston - Chinatown
  • Boston - Dorchester
  • Boston - Downtown
  • Boston - East Boston
  • Boston - Fenway/Kenmore
  • Boston - Fort Hill
  • Boston - Fort Point
  • Boston - Hyde Park
  • Boston - Jamaica Plain
  • Boston - Longwood Medical Area
  • Boston - Mattapan
  • Boston - Mission Hill
  • Boston - North End
  • Boston - Northeastern/Symphony
  • Boston - Roslindale
  • Boston - Roxbury
  • Boston - Seaport/Waterfront
  • Boston - South Boston
  • Boston - South End
  • Boston - Theater District
  • Boston - West End
  • Boston - West Roxbury
  • Abington
  • Andover
  • Arlington
  • Bedford
  • Belmont
  • Beverly
  • Billerica
  • Braintree
  • Bridgewater
  • Brookline
  • Burlington
  • Cambridge
  • Canton
  • Chelsea
  • Chestnut Hill
  • Danvers
  • Dedham
  • Everett
  • Framingham
  • Gloucester
  • Hingham
  • Lawrence
  • Lexington
  • Lowell
  • Lynn
  • Lynnfield
  • Malden
  • Marlborough
  • Medford
  • Melrose
  • Methuen
  • Milton
  • Natick
  • Needham
  • Newton
  • North Reading
  • Norwood
  • Peabody
  • Pembroke
  • Plymouth
  • Quincy
  • Randolph
  • Reading
  • Revere
  • Salem
  • Saugus
  • Sharon
  • Somerville
  • Stoneham
  • Stoughton
  • Sudbury
  • Swampscott
  • Taunton
  • Wakefield
  • Waltham
  • Watertown
  • Wayland
  • Wellesley
  • Westwood
  • Weymouth
  • Wilmington
  • Winthrop
  • Woburn
  • Worcester
  • Babson College
  • Berklee College of Music
  • Bentley University
  • Boston College
  • Boston University
  • Brandeis University
  • Emerson College
  • Emmanuel College
  • Harvard University
  • Hult International Business School
  • MassArt
  • MCPHS University
  • MIT
  • Northeastern University
  • Simmons University
  • Suffolk University
  • Tufts University
  • UMASS Boston
  • Wentworth Institute of Technology
You are here:
Home Massachusetts Melrose Multi-Family Homes for Sale

46-48 Waverly Place Melrose, MA 02176

$1,650,000
7 Unit
7 Beds
7 Baths
2940 SQFT
0.15 Acre
46-48 Waverly Place
Melrose, MA 02176

Property Description

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.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 7
  • Total Floors: 3
  • Total Bedrooms: 7
  • Total Full Baths: 7
  • Amenities: Public Transportation, T-Station
  • Basement Features: Concrete Floor

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 102000
  • Gross Expenses: 39953
  • Electric Expenses: 2000
  • Water/Sewer: 3360
  • INSC: 4700
  • Repairs & Maintenance: 3500
  • RFS: 3600
  • Management Fee: 4986
  • Miscellaneous Expense: 3750
  • Net Operating Income: 59695

Utilities

  • Electric Info: 60 Amps/Less, None
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wood
  • Lead Paint: Yes
  • Warranty: No

Other Information

  • MLS ID# 73320720
  • Last Updated: 12/19/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
12/19/2024New$1,650,000$561MLSPIN

Mortgage Calculator

View Breakdown

Map & Resources

St. Mary Elementary School

Private School, Grades: PK-8

0.11mi

Lincoln School

Public Elementary School, Grades: K-5

0.15mi

Decius Beebe School

School

0.29mi

Coffee Time

Coffee Shop

0.05mi

Starbucks

Coffee Shop

0.33mi

Caffè Nero

Coffee Shop

0.34mi

Melrose House of Pizza

Pizzeria

0.27mi

Jamba

Juice (Fast Food)

0.3mi

Bruegger's Bagels

Bagel (Fast Food)

0.3mi

Cloud Nine

Ice Cream Parlor

0.02mi

Brazilian Finest

Brazilian Restaurant

0.02mi

Melrose Animal Clinic

Veterinary

0.35mi

The Pristine Pet

Pet Grooming

0.07mi

Melrose Fire Department

Fire Station

0.42mi

Melrose Police Department

Local Police

0.25mi

Follow Your Art

Arts Centre

0.18mi

Pine Banks Fields

Sports Centre. Sports: Baseball

0.45mi

Barre & Soul

Fitness Centre

0.22mi

Anytime Fitness

Fitness Centre

0.25mi

CEO Fitness

Fitness Centre

0.43mi

Lincoln Park

Park

0.08mi

Holy Child Park

Park

0.19mi

Gooch Playground

Municipal Park

0.34mi

Pine Banks Park

Municipal Park

0.45mi

Livermore Park

Park

0.47mi

Middlesex Fells Reservation

Nature Reserve

0.39mi

Lincoln School Playground

Playground

0.16mi

Melrose Dental Care

Dentist

0.23mi

Pediatric Health Care Associates

Paediatrics

0.26mi

North Shore Opthalmology

Ophthalmology

0.26mi

Exquisite Dentistry

Dentistry, Cosmetic Dentistry, Restorative Dentistry, Emergency Dentistry

0.28mi

Family Opticians

Optician

0.29mi

Frederick Solomon Family Dentistry

Dentist

0.31mi

Dr. Gerry J. Casazza Family Dentistry

Dentist

0.38mi

Stephen deGaravilla DMD

Dentist

0.39mi

Richdale Convenience

Convenience

0.05mi

Village Variety

Convenience

0.22mi

Bob's Market

Convenience

0.35mi

Shaw's

Supermarket

0.32mi

CVS Pharmacy

Pharmacy

0.31mi

Buckalew's General Store

Variety Store

0.35mi

Wyoming Hill

Haverhill

0.03mi

Pleasant St @ Wyoming Ave - Wyoming Sq

132

0.07mi

Main St @ W Wyoming Ave

131
137

0.07mi

Wyoming Ave @ Pleasant St

132

0.08mi

Main St @ E Wyoming Ave

131
137

0.08mi

Pleasant St opp Everett St

132

0.11mi

Pleasant St @ Everett St

132

0.12mi

Main St @ Grove St

131
137

0.15mi

Seller's Representative: Bradford Carlson, New England Realty Advisors LLC
MLS ID#: 73320720

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-12-19 14:44:00