new - 2 days on rocket

46-48 Waverly Pl, Melrose, MA, 02176

$1,650,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
7 Full Baths
2,940 SqFt
$561/SqFt
Multi

Location

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46-48 Waverly Pl, Melrose$1,650,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff Street
Year Built1900
BasementYes
MLS #73320720
Lot Size0.15 Acres
StatusActive
(New)

About 46-48 Waverly Pl

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.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 2,940 SqFt

Listing Office:

  • Office Name: New England Realty Advisors LLC
  • Office Phone: (781) 334-8044
  • Listing Agent: Bradford Carlson

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 7
  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.15 Acres

Other

Directions Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,650,000
  • Price Per SqFt: $561/SqFt

Tax Information:

  • Annual Amount: $8,008
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Melrose, MA.

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Melrose, MA

City

Med. Sold Price

$830K

Med. Price/SqFt

$465

Avg. Days On Market

25

# of Sold Homes

16

46-48 Waverly Pl vs Melrose

2 DAYS ON ROCKET

-23 Days

$1,650,000

+$820K More

$561/SqFt

+$95 More

KEY TAKEAWAY

This property is $820K more than the Median Sold Price and $95/SqFt more than other homes in Melrose, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73320720

Listing Office:

  • Office Name: New England Realty Advisors LLC
  • Office Phone: (781) 334-8044
  • Listing Agent: Bradford Carlson

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$8,008$731,300
2020$7,672$694,300
2019$7,127$659,300
2018$6,648$586,800
2017$6,692$567,100

History based on county public records data.

Payment Calculator

$8,303

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,013

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-777419
7
/10

  • Lincoln Elementary School

  • 80 W Wyoming Ave

  • 0.19 miles

  • Public District Grades KG-5

school-card-donut-777420
8
/10

  • Hoover Elementary School

  • 37 Glendower Rd

  • 0.98 miles

  • Public District Grades KG-5

school-card-donut-777421
9
/10

  • Winthrop Elementary School

  • 162 1st St

  • 1.06 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,453. Most Melrose, MA residents have annual incomes between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Middlesex County›Melrose›02176›46-48 Waverly Pl

This home is located at 46-48 Waverly Pl in Melrose, MA and zip code 02176. This 2,940 square foot home, which was built in 1900, sits on a 0.15 acre lot. Features: 7 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since December 19, 2024 and is currently priced at $1,650,000.

Over 9 listings were sold over their listed price in November 2024 in Melrose, MA. In the same period over 6 listings were sold below the listed price and 1 listings were sold for the listed price. The number of homes for sale in Melrose, MA decreased by 20.3% between October 2024 and November 2024. The median list price of listings available in November 2024 was $830,000, while the average time on the real estate market was 25 days.

From Rocket Homes Real Estate and based on county public records data.

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