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55-57 Drew Rd, Belmont MA 02478

$1,599,990

Estimated $3,720/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $799,995

Total Rent: 39600/year

Estimated CAP Rate:

4 Bedrooms

Baths

2656

Total Parking: 8 (2 Garage)

5,100 (0.12)

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.

This home has been viewed 8 times

Last Checked: September 16th, 2026 at 6:43pm (Source: MLS PIN #73572862)

Gross Income: $39,600

Gross Expenses: $13,509

Net Income Calc: $26,091

Annual Expenses for 55-57 Drew Rd, Belmont MA 02478

Total Gross Expenses (Calculated)$13,509/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax13509

Annual Income & Unit Breakdown for 55-57 Drew Rd, Belmont MA 02478

Total Gross Income (Calculated)$39,600

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 55-57 Drew Rd, Belmont MA 02478

Listing ID73572862

Property TypeMulti Family

Price1599990 ($602.41/SqFt)

StyleMulti Family

CityBelmont

CountyMiddlesex

MLS AreaWaverley

Neighborhood(s)

Approximate Living Area Total2656

Approximate Lot Size (Acres)0.12

Total Parking8 (2 Garage)

Garage Parking2

Year Built1926

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 55-57 Drew Rd, Belmont MA 02478

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 55-57 Drew Rd, Belmont MA 02478

Real Estate Taxes13509

Tax Year2025

Assessed Value$1,186,000

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 55-57 Drew Rd, Belmont MA 02478

Elementary SchoolWellington Elementary

Middle SchoolBelmont Ms

High SchoolBelmont Hs

Neighborhood(s)

MLS AreaWaverley

Area AmenitiesWalk/jog Trails

Contact Information for 55-57 Drew Rd, Belmont MA 02478

Agent

Name: Matthew Stevens

Office

Name: Stevens Property Group

Phone: 508-573-8018

Team Members

Payment Calculator

, Interest

Property Taxes 1125.75

Principal & Interest 9858.63

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Stevens Property Group

Matthew Stevens

Agent Phone

Office Phone

(508) 573-8018

Text Agent Call Agent Call Office

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EXIT

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