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.
| Units | 2 |
| Living area | 2,656 sqft |
| Lot size | 5,100 sqft |
| Year built | 1926 |
| Price / sqft | $602 |
| County | Middlesex |
| MLS # | 73572862 |
| Days on market | 0 days |
| Listed on | September 8, 2026 |
| Annual property tax | $13,509 |
| Tax year | 2025 |
| Assessed value | $1,186,000 |
| Zoning | R |
| Gross income (actual) | $39,600/yr |
| Net operating income (actual) | $39,600/yr |
| Total actual rent | $3,300/mo |
| Stories | 2 |
| Total rooms | 12 |
| Lot size | 0.12 acres |
| Garage spaces | 2 |
| Parking spaces | 6 |
| Parking | Paved Drive, Off Street, Assigned |
| Basement | Concrete, Unfinished |
| Foundation | Concrete Perimeter, Block |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood, Tile, Vinyl, Hardwood |
| Heating | Central, Forced Air, Natural Gas |
| Cooling | Central Air |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer |
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
Auto-generated from the listing data — richer AI answers coming with the live site.
It is a 2-unit multi-family property with 2,656 sqft of living area, built in 1926.
55-57 Drew Rd, Belmont MA 02478 has been listed for 0 days (since September 8, 2026).
At a list price of $1,599,990 across 2 units, that works out to roughly $799,995 per unit.
Annual property taxes are $13,509 (2025), on an assessed value of $1,186,000.
At $1,599,990 for 2,656 sqft, that's about $602 per square foot.
2 garage spaces and 6 total parking spaces (paved drive, off street, assigned).
55-57 Drew Rd, Belmont MA 02478 is in Belmont, Middlesex County, MA 02478.

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.