46-48 Waverly Place, Melrose MA 02176 – 7 bed 7 bath For Sale – 73320720
Overview
- Updated On:
- March 3, 2025
-
- 73320720
- 7 Bedrooms
- 7 Bathrooms
- 0 Garage Spaces
- 8 Non-Garage Parking Spaces
- 1900
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.
This property is listed by Bradford Carlson from New England Realty Advisors LLC
Property Listing Details
Overview
| MLS Status | Pending |
|---|---|
| Price | $ 1,650,000 |
| Living Area | 2,940.00 ft2 |
| Bedrooms | 7 |
| Total Rooms | 24 |
|---|---|
| Listing MLS ID | 73320720 |
| Days on Market | 26 |
| Bathrooms | 7 |
Unit Information
| Bedrooms | 7 |
|---|---|
| Full Bathrooms | 7 |
| Half Bathrooms | 0 |
| Cooling | |
| Heating | |
| Uncovered Parking | 8 |
| Garage Parking | 0 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | Yes |
| Outdoor Space Available | |
| Living Area Includes Basement | Concrete |
| Patio And Porch Features | |
| Parking Features | Off Street |
| Waterview Features | |
| Flooring | Wood |
Building Information
| Building Name | |
|---|---|
| Units in Building | 7 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials | Frame |
| Year Built | 1900 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | Concrete |
| Roof | Shingle |
Additional Details
| Community Features | Public Transportation,T-Station |
|---|---|
| Disclosures | |
| Last Updated | 2025-03-03T19:08:00.000Z |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | 653771 |
| Original List Price | 1650000 |
| Listing Office | new england realty advisors llc |
| Tax Annual Amount | 9557 |
|---|---|
| Tax Assessed Value | 962400 |
| Tax Book Number | 0 |
| Tax Year | 2024 |
| Year Built Details | Approximate |
| Year Built Source | Public Records |
| Zoning | MF 5+ |
| Listing Agent | bradford carlson |
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46-48 Waverly Place, Melrose MA 02176 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
46-48 Waverly Place, Melrose MA 02176 – 7 bed 7 bath For Sale – 73320720
$ 1,650,000
Status: Pending
46-48 Waverly Place, Melrose MA 02176, Melrose, , Middlesex 02176
Country: US
Property Overview
MLS #: 73320720
Type: 5-9 Family /
Action: Residential Income
Year Built: 1900 (Approximate, Source: Public Records, Effective: )
Living Area: 2,940.00 ft2 (Total: 2940 Square Feet, Source: Public Records)
Lot Size: 0.15 ft2 (Area: 0.15 Acres, SqFt: 6734)
Total Rooms: 24
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 7 (Main Level: )
Bathrooms: Total: 7 (Full: 7, Half: 0, Decimal: 7, Main Level: )
Basement: Concrete
Fireplaces: 0 ()
Flooring: Wood
Laundry:
Window Features:
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials: Frame
Foundation: Stone (Area: )
Roof: Shingle
Stories: 3 (3)
Common Walls:
Body Type:
Utilities & Green Features
Heating:
Cooling:
Water Source: Public
Sewer: Public Sewer ()
Utilities:
Electric: 60 Amps/Less (Expense: 2000)
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 0
Covered Spaces: 0
Parking Total: 8
Parking Features: Off Street
Pool:
Spa:
Patio/Porch:
Fencing:
Lot Features: Level
View: (, Waterview Y/N: )
Waterfront:
Road Frontage: ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features: Public Transportation,T-Station
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: MF 5+ ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
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.
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 7
Units Owner Occupied:
Unit 1: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1400, Lease: N
Unit 2: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1200, Lease: N
Unit 3: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Unit 4: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 9557 (Year: 2024)
Tax Assessed Value: 962400
Tax Block/Lot/Book/Map: / / 0 /
Parcel Number: 653771
Special Licenses:
Current Financing:
Gross Income: 102000 (Scheduled: )
Net Operating Income: 59695
Operating Expense: 39953 (Water/Sewer: 3360, Insurance: 4700)
Financial Data Source: Owner
APOD Available: Yes
Tenant Pays:
Rent Includes: Unit 1(Heat,Water),Unit 2(Heat,Water)
Total Actual Rent: 8500
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: Bradford Carlson (MLS ID: CN232232) / Team: CN232232
Listing Office: New England Realty Advisors LLC (MLS ID: AN8612)
Agent (Property):
Buyer Agent MLS ID:
Buyer Office MLS ID:
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2024-12-19
Expiration Date: 1900-01-01
Original List Price: 1650000
Price Per SqFt (List): 561.22
Market Time (Property): 26 (Broker: 26, Prev Broker: 0, Prev Property: 0)
MLS Status: Under Agreement
Possession:
Directions: Reach out to Brad Carlson for more information. CA required.
Disclosures: , N
Lead Paint: Yes
Title 5:
Exclusions:
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag:
Listing Alert: No
Square Feet Disclosures: (Incl. Base: No, Other: )
Master Book/Page: / (Page: 0)
Sale Information (if applicable)
Close Date:
Close Price:
Price Per SqFt (Sold):
Anticipated Sold Date: 2025-03-05T05:00:00.000Z
Concessions Amount:
Purchase Contract Date: 2025-01-14
Sold vs Rent:
System Information
Property ID: 1613144
Modification Timestamp: 2025-03-03T19:08:00.000Z
Bridge Modification Timestamp: 2025-03-03T19:10:00.152Z
Original Entry Timestamp: 2024-12-19T16:41:00.000Z
Status Change Timestamp: 2025-01-14T19:49:00.000Z
Off Market Date: 2025-01-14
Development Status:
Business Type:
