1 of 36

Want to see similar homes for sale?

46 48 Waverly Place

Melrose, MA 02176

7 beds
7 baths
2,940 sqft
6,734 sqft lot
$595 per sqft
1900 build
– on site

More homes

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.

Listing courtesy of MLSPIN / Bradford Carlson / New England Realty Advisors LLC

Last checked: Checking… • Last updated Mar 5, 2025 •

MLS# 73320720 —

The Building

Year Built:

1900
Year Built Details:

Approximate
Year Built Source:

Public Records
Construction Materials:

Frame
Roof:

Shingle
Basement:

Concrete
Foundation Details:

Stone
Levels:

3
Stories Total:

3
Stories:

3
# of Units Total:

7
Building Area Total:

2940
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

24
Flooring:

Wood
Fireplace:

false

Room Dimensions

Living Area:

2940
Living Area Source:

Public Record

Location

Directions:

Reach out to Brad Carlson for more information. CA required.
Latitude:

42.451342
Longitude:

-71.069005

The Property

Parcel Number:

653771
Property Type:

Residential Income
Property Subtype:

5-9 Family
Lot Features:

Level
Lot Size Units:

Acres
Lot Size Area:

0.15
Lot Size SqFt:

6734
Lot Size Acres:

0.15
Zoning:

MF 5+
Waterfront:

false
Farm Land Area Units:

Square Feet

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

9557
Tax Assessed Value:

962400

Beds

Bedrooms Total:

7

Baths

Total Baths:

7
Total Baths:

7
Full Baths:

7

The Listing

Home Warranty:

false

Utilities

Electric:

60 Amps/Less
Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false

Parking

Garage:

false
Parking Total:

8
Parking Features:

Off Street

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/5/25 Mar 5, 2025	Sold	MLSPIN	$1,750,000	6.1%
1/14/25 Jan 14, 2025	Pending	MLSPIN	$1,650,000
12/19/24 Dec 19, 2024	Listed / Active	MLSPIN	$1,650,000

Multifamily Sold on 3/5/2025

$1,750,000

Listing provided by broker:

Bradford Carlson

New England Realty Advisors LLC

Newest listings in Melrose, MA

Similar sold homes

Listing Courtesy of: MLSPIN and New England Realty Advisors LLC.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.

46 48 Waverly Place

Melrose, MA 02176