$1,515,000
8
Beds
4
Baths
4,590
Living Area
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Property Description
A rare opportunity to acquire a four-family property in a high-demand area, offering unparalleled income potential and long-term value. Situated on one of Melrose's beautiful tree-lined residential streets. Each spacious unit features 2 bedrooms, 1 full bath, hardwood floors throughout, private rear balconies, off street parking and w/d hookups available in 2,255 sq ft basement with updated furnaces, roof and windows.Located just minutes from downtown Melrose with vibrant shops and restaurants, top-rated public schools, scenic hiking trails, and the MBTA/commuter rail, putting Boston just 7 miles away with easy access to routes 1 and 93. Whether you're an investor seeking strong rental income or a buyer looking to live in one unit while the others work for you, this property delivers on every level.
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Highlights
- Heating: Forced Air, Natural Gas, Individual, Unit Control
- Parking Spots: 6
- Property Type: 4 Family
- Total Rooms: 18
- Status: Closed
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1900
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Additional Details
- Appliances: Range, Dishwasher, Microwave, Range Hood
- Exterior Features: Balcony/Deck
- Foundation: Block
- Lot Features: Level
- Roof: Shingle
- Total Number of Units: 4
- Year Built Source: Public Records
- Basement: Full, Interior Entry, Concrete, Slab
- Flooring: Vinyl, Hardwood
- Interior Features: Ceiling Fan(s), Bathroom With Tub, Smart Thermostat, Living Room, Kitchen, Office/Den
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Ura
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station, Sidewalks
- Parking Features: Off Street, Paved
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,011,700
- Taxes: $10,016
- Tax Year: 2025
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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 William Raveis R.E. & Home Services.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
