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$1,355,000
7
Beds
4
Baths
3,964
Living Area
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Property Description
This well-maintained three-family in Melrose offers immediate income and strong long-term upside. Set on a generous 13,000 sq ft lot, it provides exceptional parking and valuable outdoor space. Unit 1 features three bedrooms, including a Primary Suite, plus a lower-level family room with private entrance and in-unit laundry. It rents for $3,400 per month and includes exclusive use of an oversized two-car garage, boosting appeal and revenue. The other two units are occupied by long-term tenants, ensuring stable income. All units have separate utilities, hardwood floors, and replacement windows, creating an efficient, low-maintenance setup. With solid rental history and clear potential for future value growth, this property is a smart addition to any portfolio—an ideal time to secure it before the Spring Market accelerates.
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Highlights
- Area: Mount Hood
- Heating: Natural Gas, Steam, Forced Air
- Parking Spots: 10
- Property Type: 3 Family - 3 Units Up/Down
- Total Rooms: 17
- Status: Closed
- Cooling: Central Air
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1920
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Additional Details
- Appliances: Washer, Dryer, Range, Dishwasher, Disposal, Refrigerator
- Construction: Frame
- Foundation: Irregular, Other
- Lot Features: Corner Lot
- Roof: Shingle
- Total Number of Units: 3
- Year Built Source: Public Records
- Basement: Full, Walk-Out Access, Interior Entry
- Flooring: Wood, Hardwood
- Interior Features: Ceiling Fan(s), Storage, Stone/Granite/Solid Counters, Living Room, Dining Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Ura
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Amenities
- Community Features: Park, Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship
- Parking Features: Paved Drive, Off Street
- Covered Parking Spaces: 2
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Utilities
- Electric: Circuit Breakers, Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,153,300
- Tax Year: 2026
- Total Rent: $7,400
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $13,229
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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 Lamacchia Realty, Inc..
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
