HomeBelmontMulti Family55-57 Drew Rd, Belmont MA 02478
55-57 Drew Rd, Belmont MA 02478 — photo 1 of 391 / 39
$1,599,990
55-57 Drew Rd, Belmont MA 02478
2 units · 4 bd · 2 ba · 2,656 sqft · $799,995/unit
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Signal Score pending — we haven't seeded market rents for this ZIP (02478) yet.

About this property

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.

Property details

Units2
Living area2,656 sqft
Lot size5,100 sqft
Year built1926
Price / sqft$602
CountyMiddlesex
MLS #73572862

Listing status

Days on market0 days
Listed onSeptember 8, 2026

Taxes & financials

Annual property tax$13,509
Tax year2025
Assessed value$1,186,000
ZoningR
Gross income (actual)$39,600/yr
Net operating income (actual)$39,600/yr
Total actual rent$3,300/mo

Building & lot

Stories2
Total rooms12
Lot size0.12 acres
Garage spaces2
Parking spaces6
ParkingPaved Drive, Off Street, Assigned
BasementConcrete, Unfinished
FoundationConcrete Perimeter, Block
RoofShingle
ConstructionFrame
FlooringWood, Tile, Vinyl, Hardwood

Utilities & systems

HeatingCentral, Forced Air, Natural Gas
CoolingCentral Air
SewerPublic Sewer
WaterPublic
AppliancesRange, Dishwasher, Microwave, Refrigerator, Washer, Dryer

Location

More about investing in Belmont

Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.

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Questions & answers

Auto-generated from the listing data — richer AI answers coming with the live site.

How many units does 55-57 Drew Rd, Belmont MA 02478 have?

It is a 2-unit multi-family property with 2,656 sqft of living area, built in 1926.

How long has 55-57 Drew Rd, Belmont MA 02478 been on the market?

55-57 Drew Rd, Belmont MA 02478 has been listed for 0 days (since September 8, 2026).

What is the price per unit?

At a list price of $1,599,990 across 2 units, that works out to roughly $799,995 per unit.

What are the property taxes on 55-57 Drew Rd, Belmont MA 02478?

Annual property taxes are $13,509 (2025), on an assessed value of $1,186,000.

What is the price per square foot?

At $1,599,990 for 2,656 sqft, that's about $602 per square foot.

Is there parking?

2 garage spaces and 6 total parking spaces (paved drive, off street, assigned).

Where is this property located?

55-57 Drew Rd, Belmont MA 02478 is in Belmont, Middlesex County, MA 02478.

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Justin Rollo, Broker Associate at Signal Real Estate
Justin RolloBroker Associate, Signal Real Estate · MA Lic. #9534264

Justin Rollo is a Broker Associate with Signal Real Estate (MA Lic. #9534264) and a lifelong Massachusetts resident. Over 14 years and hundreds of transactions, he has worked investment properties — multi-families and house-hacking — across Greater Boston full-time. Away from real estate, Justin is a proud dad, youth coach and local school-committee member — and a former professional poker player who still loves golf and following local sports.

📞 978-790-4381📍 25 Braintree Hill Park, Suite 200, Braintree, MA 02184
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