Seller's Agent in 2025
Brad Carlson
New England Realty Advisors LLC
(781) 334-8044
1 in this area
3 Total Sales
46-48 Waverly Place Melrose, MA 02176
Wyoming Neighborhood
7
Beds
7
Baths
2,940
Sq Ft
6,734
Sq Ft Lot
Highlights
- Property is near public transit
- 1-minute walk to Wyoming Hill
- Level Lot
- Lincoln Elementary School Rated A-
- Wood Flooring
- 5-minute walk to Lincoln Playground
About This Home
As of March 2025This 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 Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,557
Year Built
- Built in 1900
Lot Details
- 6,734 Sq Ft Lot
- Level Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,940 Sq Ft Home
- Property has 1 Level
- Wood Flooring
- Block Basement Construction
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Full Bathrooms
Parking
- 8 Car Parking Spaces
- Off-Street Parking
Additional Features
- Property is near public transit
- 60 Amp Service
Listing and Financial Details
- Total Actual Rent $8,500
- Rent includes unit 1(heat water), unit 2(heat water)
- Assessor Parcel Number 653771
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $2,000
- Insurance Expense $4,700
- Water Sewer Expense $3,360
- Operating Expense $39,953
- Net Operating Income $59,695
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/05/2025 03/05/25 | Sold | $1,750,000 | +6.1% | $595 / Sq Ft |
| 01/14/2025 01/14/25 | Pending | -- | -- | -- |
| 12/19/2024 12/19/24 | For Sale | $1,650,000 | -- | $561 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Brad Carlson
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73320720
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