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

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.

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$602/sqft
Local Avg (Belmont)$619/sqft
3% BelowMarket Average

* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Belmont, MA.

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

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 Provided By

Listing Agent: Matthew Stevens

Listing Office: Stevens Property Group

MLS® Number: 73572862

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