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5 Days on market
55-57 Drew Rd Belmont — Photo 1 of 39

55-57 Drew Rd Belmont — Photo 1 of 39

$1,599,990

Investment Analysis — 55-57 Drew Rd

Belmont, MA 02478 — Waverley

Based on rent reported on the MLS listing, a 2-unit multi-family in 02478 carries $3,300/mo in gross rent — about a 1.04% cap rate and $16,587/yr in estimated NOI at the $1,599,990 list price. Adjust every assumption in the calculator below.

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Beds

4

Baths

2

SqFt

2,656

Style

Multi Family

Built

1926

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.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$1,599,990
Annual Taxes$13,509

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms12
Fireplaces2
FlooringWood, Tile, Vinyl, Hardwood
BasementConcrete, Unfinished

Climate & Utilities

HeatingCentral, Forced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Block
ZoningR

Property & Lot

Acres0.12
SqFt Lot5,100
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Medical Facility • Private School • Public School • T-Station

Geography

Listing Provided By

Listing Agent: Matthew Stevens

Listing Office: Stevens Property Group

MLS® Number: 73572862