Sold!
$1,850,000
11
Beds
7
Baths
6,068
Living Area
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Property Description
This Architecturally stunning MULTIFAMILY is in a fantastic Melrose location...near EVERYTHING! With 6 rental units & 6 garage bays, the possibilities are endless. In the same family for decades, it's time for the next savvy investor to take note of this unique offering. Continue renting as it is, make some updates & UP the rents, or even transform this amazing "mansion" into condominium units. There is nothing more appealing than the vibe of old world charm combined with modern updates & amenities. Throughout this property, you will find some original character such as beautiful crown moldings, floor to ceiling windows, "bump-outs" & bay windows, cathedral pediments, HW floors & even a marble fireplace. Equipped with 6 updated heating systems, 6 updated hot water tanks, all separate Circuit Breaker electrical panels, & a coin-op laundry. Grand & gracious, this property awaits its new care-taker with a dream of long-term stability. A property like this doesn't often come around.
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Highlights
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1900
- Parking Spots: 16
- Property Type: 5-9 Family
- Total Rooms: 22
- Status: Closed
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Additional Details
- Basement: Full, Partially Finished, Walk-Out Access, Interior Entry
- Exclusions: See Attachments For Descriptions Of All Units W/The Rent & Lease Dates, & See Expenses On P & L.
- Flooring: Tile, Vinyl, Hardwood
- Lot Features: Level
- Roof: Shingle
- Total Number of Units: 7
- Year Built Source: Public Records
- Construction: Frame
- Fireplaces: 1
- Foundation: Stone, Brick/Mortar
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Urc
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Amenities
- Community Features: Public Transportation, Shopping, Highway Access
- Parking Features: Off Street, Stone/Gravel
- Covered Parking Spaces: 6
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Utilities
- Electric: Other (See Remarks)
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,224,600
- Taxes: $12,124
- Tax Year: 2025
- Total Rent: $12,975
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of LAER Realty Partners.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
