Melrose Multifamily Investment
46-48 Waverly Place, Melrose, MA 02176
Seven-unit multifamily property near Wyoming Hill MBTA station.
Type:Multifamily
Property size:
2,940 SFPrice / SF:
$561/SF- Added:
- Nov 25, 2025
- Days on Market:
- 177
- Last Refresh:
- Apr 5 at 11:24 pm
Property Features for 46-48 Waverly Place
General Information
- Standard status
- Active
- Size
- 2,940 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agent Brad Carlson License #MA #9584876 (781) 334-8044
Listing office New England Realty Advisors LLC (781) 334-8044
Listing date Nov 25, 2025
Source Nerealtyadvisors
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All listing content including descriptions, pricing, images are the copyrighted material of New England Realty Advisors LLC
HighLights
- Directly next to Wyoming Hill MBTA station for easy commuting to Boston.
- Significant value‑add opportunity through unit upgrades and rent increases (40% below market).
- Off‑street parking available for tenants.
- Located in Melrose, offering a blend of small‑town charm and urban convenience.
- First time on the market in over 26 years.
- Convenient access to Boston Logan International Airport (11.5 miles) and I‑95 (2.6 miles).
Overview
The Waverly Place Apartments, a seven-unit multifamily property in Melrose, Massachusetts, is available for sale. The property features seven one-bedroom apartments and eight off-street parking spaces for tenant use. Situated next to the Wyoming Hill MBTA station, the location provides convenient access for commuters traveling into the city. This is the first time this property has been on the market in over 26 years. Rents are currently 40% below market rate, presenting investors with a value-add opportunity through unit and hallway upgrades to achieve a more modern aesthetic and increase rents to market rates. Waverly Place Apartments is located in Melrose, north of Boston, offering a blend of small-town charm and urban convenience. The Wyoming Hill MBTA Commuter Rail station provides a 10-15 minute train ride into North Station. Boston Logan International Airport is 11.5 miles away, and I-95 is 2.6 miles away, facilitating travel. The property is also near restaurants and bars in downtown Melrose.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Melrose
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.0689
- Latitude
- 42.4514
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Seven-unit multifamily property near Wyoming Hill MBTA station.
Where is this apartment building located?
The property is located at 46-48 Waverly Place Melrose, MA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Directly next to Wyoming Hill MBTA station for easy commuting to Boston.; Significant value‑add opportunity through unit upgrades and rent increases (40% below market).; Off‑street parking available for tenants.
