Updated Two-Family
188 Waverley Street Belmont, MA 02478
188 Waverley Street, Belmont, MA, 02478
$1,150,000
For Sale
$1,150,000
Well-maintained two-family duplex with double-pane windows, updated utilities, and multiple recent exterior and interior improvements.
Property Size1,925 SF
Price / SF$597.40
Days on Market92
Property Features for 188 Waverley Street
General Information
- Standard status
- Active
- Size
- 1,925 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Senne
(617) 962-4823
Listed by
Steven Savarese · License #449500301
Source
Eganrealtygroup
Added: Apr 21 Updated: Jul 21 at 12:44AM Checked: Jul 21 at 12:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Senne
Investment Insights
Based on property information with market context.
This updated two-family duplex offers airy living spaces with large windows and well-maintained hardwood floors. The home includes double-pane windows throughout, and both units feature updates, including an updated 2nd floor kitchen and bath. Several building systems have been improved over recent years, with updated hot water tanks dated 2020 and 2025, a first-floor furnace from 2020, full blown-in insulation from 2020, updated electrical panels (100 amp each), and a new roof from 2021. Exterior paint was completed in 2026.
The property is located at 188 Waverley Street in Belmont, MA, providing convenient access to Belmont Center, the commuter rail, and Trapelo Road. It is situated directly across from Town Field and Playground.
With a double-pane window package, recent envelope and mechanical work, and ongoing interior improvements, this duplex presents a practical option for buyers seeking a turn-key, well-documented residential income property.
The property is located at 188 Waverley Street in Belmont, MA, providing convenient access to Belmont Center, the commuter rail, and Trapelo Road. It is situated directly across from Town Field and Playground.
With a double-pane window package, recent envelope and mechanical work, and ongoing interior improvements, this duplex presents a practical option for buyers seeking a turn-key, well-documented residential income property.
Key Highlights
- Two‑family duplex built in 1920 with airy, light‑filled living spaces and large windows
- Double‑pane windows throughout and beautiful, well‑maintained hardwood floors
- Recent improvements include new roof (2021), exterior paint (2026), and full blown‑in insulation (2020)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.2k | $31.80 |
| − Vacancy | −$3.0k | −$1.57 |
| EGI | $58.2k | $30.23 |
| − OpEx | −$17.5k | −$9.07 |
| NOI | $40.7k | $21.16 |
1,925 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$581.9K
$509.2K – $678.9K
NOI $40,734 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$547.2K
$478.8K – $638.4K
NOI $38,301 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$1.14M
$997.2K – $1.33M
NOI $79,772 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained two-family duplex with double-pane windows, updated utilities, and multiple recent exterior and interior improvements.
Where is this duplex located?
The property is located at 188 Waverley Street Belmont, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two‑family duplex built in 1920 with airy, light‑filled living spaces and large windows; Double‑pane windows throughout and beautiful, well‑maintained hardwood floors; Recent improvements include new roof (2021), exterior paint (2026), and full blown‑in insulation (2020)
