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Home Massachusetts Belmont Multi-Family Homes for Sale

55-57 Drew Rd Belmont, MA 02478
Open House: Fri 9/11 5:30 PM
39
55-57 Drew Rd, Belmont, MA 02478
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$1,599,990
2 Unit
4 Beds
2 Baths
2656 SQFT
0.12 Acre

Property Description

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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Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 2
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Total Fireplaces: 2
  • Amenities: Medical Facility, Private School, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Concrete Floor, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room, Mudroom, Office/Den, Sunroom
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Lead Certification Available, Pantry, Programmable Thermostat, Stone/Granite/Solid Counters, Tile Floor, Upgraded Cabinets, Walk-Up Attic
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Common Heating: Central Heat, Electric, Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Common Cooling: Central Air

Financial

  • APOD Available: No
  • Gross Operating Income: 39600
  • Net Operating Income: 39600

Utilities

  • Heat Zones: 2
  • Cooling Zones: 2
  • Electric Info: 200 Amps
  • Energy Features: Prog. Thermostat
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: None
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1926
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Vinyl, Wood
  • Lead Paint: Certified Treated, Yes
  • Warranty: No

Other Information

  • MLS ID# 73572862
  • Last Updated: 09/08/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/08/2026New$1,599,990$602MLSPIN
06/14/2023Sold$1,240,000$504MLSPIN
04/25/2023Under Agreement$1,095,000$445MLSPIN
04/19/2023Contingent$1,095,000$445MLSPIN
04/16/2023Active$1,095,000$445MLSPIN
04/12/2023New$1,095,000$445MLSPIN

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Seller's Representative: Matthew Stevens, Stevens Property Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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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.

MLS PIN data last updated at 2026-09-08 09:07:00

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