Sold!
$1,170,000
5
Beds
4
Baths
3,027
Living Area
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Property Description
Rare opportunity to own a well-maintained 3-family home in Melrose’s desirable East Side/Mt. Hood neighborhood! Offering exceptional versatility and investment potential, this property is ideal for investors, owner-occupants, landlords, and multi-generational living alike. Potential exists to easily combine the 2nd and 3rd floor units for expanded owner living space while maintaining rental income. Units 1 and 2 feature sun-filled living and dining areas, spacious rooms, and functional layouts ideal for everyday living and entertaining. Unit 3 was fully renovated in 2018 and offers hardwood floors throughout, central A/C, and exterior deck access overlooking the tree-lined neighborhood. Fantastic location less than 1 mile to downtown Melrose, commuter rail, restaurants, and shopping. Generous yard perfect for summer gatherings with ample parking and storage to complete this exceptional opportunity! Come see for yourself!
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Highlights
- Cooling: Window Unit(s), Central Air
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1890
- Heating: Forced Air, Oil, Natural Gas
- Parking Spots: 6
- Property Type: 3 Family
- Total Rooms: 13
- Status: Closed
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Additional Details
- Appliances: Washer, Dryer, Range, Dishwasher, Refrigerator, Disposal, Microwave
- Construction: Frame
- Flooring: Wood, Vinyl, Carpet, Laminate, Hardwood
- Interior Features: Laundry Room, Ceiling Fan(s), Bathroom With Tub & Shower, Open Floorplan, Living Room, Dining Room, Kitchen, Office/Den
- Roof: Shingle
- Total Number of Units: 3
- Year Built Source: Public Records
- Basement: Full
- Exterior Features: Rain Gutters
- Foundation: Stone
- Road Frontage Type: Public
- SqFt Source: Other
- Year Built Details: Approximate
- Zoning: Ura
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
- Parking Features: Paved Drive, Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $928,900
- Tax Year: 2025
- Total Rent: $4,200
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $9,196
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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.
