46-48 Waverly Place, Melrose MA 02176
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.
Sale Statistics
This property sold for 6.1% above the original asking price, indicating strong buyer demand.
With only 25 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
46-48 Waverly Place, Melrose MA 02176
Melrose, MA 02176
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Mar 5, 2025Listed for Sale
Dec 19, 2024| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 03/05/2025 | ✓ Sold | $1,750,000 | - | - | Property sold |
| 12/19/2024 | 🏠 Listed for Sale | $1,650,000 | - | - | Original listing |