Homes for sale - 46-48 Waverly Place, Melrose, MA 02176

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Jim Armstrong

jarmstrong@aluxety.com +1(978) 394-6736

$1,650,000

Est. payment - /mo

7 Beds

7 Baths

2,940 SqFt

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UPDATED:

01/14/2025 07:49 PM

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,940 sqft

Price per Sqft $561

MLS Listing ID 73320720

Bedrooms 7

Full Baths 7

Year Built 1900

Annual Tax Amount $9,557

Tax Year 2024

Lot Size 6,534 Sqft

Acres 0.15

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.

Location

State MA

County Middlesex

Zoning MF 5+

Direction Reach out to Brad Carlson for more information. CA required.

Rooms

Basement Concrete

Interior

Flooring Wood

Exterior

Community Features Public Transportation, T-Station

Roof Type Shingle

Total Parking Spaces 8

Garage No

Building

Lot Description Level

Story 3

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by New England Realty Advisors LLC

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Jim Armstrong

+1(978) 394-6736

Team Leader/Broker Associate | License ID: 9074205

Team Leader/Broker Associate License ID: 9074205

46-48 Waverly Place Melrose, MA 02176

Jim Armstrong

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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46-48 Waverly Place