Sold for $1,750,000

$1,750,000

46-48 Waverly Pl, Melrose, MA 02176

7beds

2,940sqft

5-9 Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$595/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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What's special

Off-street parking spaces

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 7
Full bathrooms: 7

Features

Flooring: Wood
Basement: Concrete
Has fireplace: No

Interior area

Total structure area: 2,940
Total interior livable area: 2,940 sqft
Finished area above ground: 2,940

Property

Parking

Total spaces: 8
Parking features: Off Street
Uncovered spaces: 8

Lot

Size: 6,734 Square Feet
Features: Level

Details

Parcel number: 653771
Zoning: MF 5+

Construction

Type & style

Home type: MultiFamily
Property subtype: 5-9 Family

Materials

Frame
Foundation: Stone
Roof: Shingle

Condition

Year built: 1900

Utilities & green energy

Electric: 60 Amps/Less
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, T-Station

Location

Region: Melrose

Financial & listing details

Price per square foot: $595/sqft
Tax assessed value: $962,400
Annual tax amount: $9,557
Date on market: 1/1/2026
Total actual rent: 8500

Price history

Date	Event	Price
3/5/2025	Sold	$1,750,000+6.1%$595/sqft
Source: MLS PIN #73320720 Report a problem
12/19/2024	Listed for sale	$1,650,000$561/sqft
Source: MLS PIN #73320720 Report a problem