Fully rented till 2026. Total rental in come is $10100 per month. Experience luxury and convenience in this newly constructed 2 family-townhouse in Melrose, perfectly located near the Purple and Orange Line stations, with shops and restaurants nearby. Each unit combines the privacy of a single-family residence with the ease of townhouse living. It features an open-concept design with soaring ceilings, a luxurious kitchen, and integrated living spaces. The property includes four well-appointed bedrooms—one with an en-suite—plus a versatile family room and a spacious master suite on the third floor. Each bathroom boasts tasteful tiling and luxury vinyl plank flooring runs throughout. Advanced features include an HRV system, energy-efficient windows, spray foam insulation, and a metal roof. An EV charger and a customizable full basement add to its appeal. Ideal for those seeking style and convenience in a prime location.
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Last Updated: January 30th, 2025 at 5:23am
Gross Income: $115,200
Gross Expenses: $6,416
Net Income Calc: $108,784
CAP Rate: 4.57%
Annual Expenses for 11 Waverly Place, Melrose MA 02176
Total Gross Expenses (Calculated)$6,416/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$6,416
Annual Income & Unit Breakdown for 11 Waverly Place, Melrose MA 02176
Total Gross Income (Calculated)$115,200
Unit 1
Rental Income4800
LeaseN
Bedrooms5
Bathrooms4 Full
Floor1
Levels in Unit3
HeatingYes
Rent Includes
Unit 2
Rental Income4800
LeaseN
Bedrooms5
Bathrooms4 Full
Floor1
Levels in Unit3
HeatingYes
Rent Includes
General Information for 11 Waverly Place, Melrose MA 02176
Listing ID73312439
Property TypeMulti Family / 2 Family
Price$2,380,000 ($476/SqFt)
Style
CityMelrose
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total5,000 SqFt
Approximate Lot Size (Acres)0.16 acres
Total Parking6
Garage Parking
Year Built2024
Year Built SourceOwner
Year RenovatedN/A
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
ZoningNA
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 11 Waverly Place, Melrose MA 02176
Disclosures for 11 Waverly Place, Melrose MA 02176
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourceOwner
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$115,200
Total Net Income By Broker$115,200
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 11 Waverly Place, Melrose MA 02176
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 11 Waverly Place, Melrose MA 02176