Sold!
$1,505,000
8
Beds
4
Baths
4,050
Living Area
-
Property Description
CASH COW ALERT: Melrose Multi-Family Gold Mine! Four units. Seven parking spots. Infinite possibilities. This charming Melrose quad isn't your typical investment property - it's a strategic opportunity where tenants currently pay below-market rents while you're sitting on $2,300/month potential per unit. That's immediate upside without touching a thing. Location seals the deal: steps from Oak Grove Orange Line, MBTA Commuter Rail, and Bus Line stop for seamless Boston commutes, plus Fells Reservation hiking trails at your doorstep. This rare combination of urban accessibility and outdoor recreation commands the premium rents that busy professionals gladly pay. Smart fundamentals include separate utilities, individual basement storage with laundry, private outdoor space per unit, and eat-in kitchens. 3 of the 4 Units are currently rented with one recently vacated. Hold and optimize rents for steady cash flow, or explore condo conversion potential in this coveted market.
-
Highlights
- Heating: Forced Air, Natural Gas, Electric
- Parking Spots: 7
- Property Type: 4 Family - 4 Units Side by Side
- Total Rooms: 16
- Status: Closed
- Levels: 8
- Property Class: Residential Income
- Stories: 8
- Year Built: 1895
-
Additional Details
- Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
- Construction: Frame
- Flooring: Wood, Tile, Vinyl
- Interior Features: Ceiling Fan(s), Pantry, Walk-In Closet(s), Bathroom With Tub & Shower, Living Room, Kitchen
- Roof: Rubber
- Total Number of Units: 4
- Year Built Source: Public Records
- Basement: Full, Interior Entry, Concrete, Unfinished
- Exclusions: See Info Pack.
- Foundation: Stone
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Ura
-
Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
- Parking Features: Paved Drive, Off Street, Assigned, Paved
-
Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
-
Fees / Taxes
- Assessed Value: $1,105,500
- Tax Year: 2025
- Total Rent: $5,300
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $10,944
Similar Listings
Sold
36 Photos
Sold
36 Photos
Sold
41 Photos
Sold
41 Photos
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 Leading Edge Real Estate.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
