
55-57 Drew Rd Belmont — Photo 1 of 39
$1,599,990
55-57 Drew Rd, Belmont, MA 02478
Belmont, MA 02478 — Waverley
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.
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Market Value Analysis
* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Belmont, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Medical Facility • Private School • Public School • T-Station
Geography
Population
27,175
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$183K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
35.3%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Middlesex County
2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Agent: Matthew Stevens
Listing Office: Stevens Property Group
MLS® Number: 73572862
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