55-57 Drew Rd, Belmont MA 02478
Belmont, MA 02478 • Waverley
$1,599,990
Est. $9,416/month
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Open House Schedule
13
Sep
Sunday, September 13
1:00 PM - 3:00 PM EDT
11
Sep
Friday, September 11
5:30 PM - 7:30 PM EDT
12
Sep
Saturday, September 12
11:00 AM - 1:30 PM EDT
About this home
Turnkey two-family in Belmont's Waverley area, extensively improved by the current owners and delivered with the upper unit vacant for immediate owner occupancy. Both units offer two bedrooms, a full bath, and updated kitchens with stone counters, upgraded cabinetry, and stainless appliances. All major systems have been replaced throughout: new forced hot air heating and all-new ductwork, central air conditioning, full insulation, new siding and a new driveway, plus renovated baths with new tile and fixtures. Each unit enjoys its own private patio and a dedicated garage bay with tandem parking behind — a rare configuration at this price point. The owner's unit includes a walk-up attic which has been pre-plumbed for future expansion. First-floor unit leased at $3,300/month through 7/14/27 with tenant responsible for all utilities, providing strong in-place income with no near-term vacancy exposure. The basement houses two locked storage areas, one for each unit. Steps to Waverley Square commuter rail, the 73 bus, Cushing Square, and Belmont schools. Ideal for owner-occupants, investors, or 1031 exchange buyers.
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Recently Sold Nearby
Property History
Market Insights
22.5%
Price Range
1
Previous Sales
Property Timeline
Listed for Sale
Sep 8, 2026
$1,599,990
Original listing
Agent: Matthew Stevens
Office: Stevens Property Group
Previous Transaction - MLS #73097600
Full transaction history available when tracking began
Previously Sold
Jun 14, 2023
$1,240,000
MLS #73097600
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/08/2026 | 🏠 Listed for Sale | $1,599,990 | - | - | Original listing |
| 06/14/2023 | 🏷️ Previously Sold | $1,240,000 | - | - | MLS #73097600 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $13,509 | $1,186,000 |
Financial Details
Annual Property Tax
$13,509
Tax Year 2025
Assessed Value
$1,186,000
Facts & Features
2 Car Garage
Central AC
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1926
Living Area
2,656 sq ft
Lot Size
0.12 acres
Stories
2
Bedrooms
4
Full Baths
2
Total Rooms
12
Investment Metrics
Units
2
Unit 1 Rent
$3,300/mo · Y
Unit 2 Rent
— · N
Total Monthly Rent
$3,300/mo
Gross Income
$39,600
Net Operating Income
$39,600
Cap Rate
2.48%
Interior
Heating
Central, Forced Air, Natural Gas
Cooling
Central Air
Flooring
Wood, Tile, Vinyl, Hardwood
Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace
Wood Burning
Fireplaces
2
Basement
Concrete, Unfinished
Laundry
None
Features
Ceiling Fan(s), Lead Certification Available, Stone/granite/solid Counters, Upgraded Cabinets, Bathroom With Tub & Shower, Remodeled, Walk-up Attic, Pantry, Smart Thermostat, Living Room, Dining Room, Kitchen, Mudroom, Office/den, Sunroom
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Rain Gutters, Professional Landscaping, Sprinkler System
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch, Enclosed, Patio
Parking
Garage Spaces
2
Has Garage
Yes
Features
Paved Drive, Off Street, Assigned
Total Spaces
6
Utilities
Electric
200+ Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$13,509
Assessed Value
$1,186,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Yes, Certified Treated
Seller Disclosures
Buyer To Do All Due Diligence Re: Expansion Potential. First Floor (57) Leased Through 7/14/2027 At $3, 300/ Month, Full Lease To Be Provided During Due Diligence - First Floor (57) Targeted De-leading Completed, Re-occupancy Certificate Issued.
Exclusions
Sellers Personal Items, Tenants Personal Items.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
beige
Sq Ft Source
Public Record
Sq Ft Disclosures
includes 3 season porches
Documents
None
County
Middlesex
Property Overview
Property Type
Multi Family
Listing Type
For Sale
Year Built
1926
Bedrooms
4
Full Bathrooms
2
Living Area
2,656 sq ft
Total Rooms
12
Stories
2
Levels
2
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,656 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch, Enclosed, Patio
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Tile, Vinyl, Hardwood
Appliances:
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Ceiling Fan(s), Lead Certification Available, Stone/Granite/Solid Counters, Upgraded Cabinets, Bathroom With Tub & Shower, Remodeled, Walk-Up Attic, Pantry, Smart Thermostat, Living Room, Dining Room, Kitchen, Mudroom, Office/Den, Sunroom
Windows:
Basement:
Concrete, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1926
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Concrete Perimeter, Block
Stories:
2
Heating, Cooling & Utilities
Heating:
Central, Forced Air, Natural Gas
Heating Zones:
2
Cooling:
Central Air
Cooling Zones:
2
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Thermostat
Exterior & Lot
Exterior Features:
Rain Gutters, Professional Landscaping, Sprinkler System
Patio & Porch:
Porch, Enclosed, Patio
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
6
Parking Features:
Paved Drive, Off Street, Assigned
Special Features
Fireplaces:
2
Fireplace Type:
Wood Burning
Community Amenities:
Public Transportation, Shopping, Medical Facility, Private School, Public School, T-Station, University
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,126
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
Waverley
55-57 Drew Rd, Belmont MA 02478
Belmont, MA 02478
Listing Information
Listing Agent
Matthew Stevens
Listing Office
Stevens Property Group
Office Phone
508-573-8018
Agent MLS ID
CN253260
Office MLS ID
AN7950
Listing Data Updated
Sep 8, 2026 9:07 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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