Sold!
$1,605,000
8
Beds
6
Baths
5,339
Living Area
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Property Description
ATTENTION INVESTORS: Prime opportunity in transit-oriented, downtown Melrose - named one of the hottest zip codes in America! Rarely found in the heart of Melrose, this fully rented, updated and turnkey 5-unit multifamily property with 10 parking spots is a masterpiece of architecture and financial opportunity. Each unit boasts exquisite woodwork, infusing classic charm with contemporary living. Nestled steps next to the Melrose Highlands train station with easy commute to Boston, surrounded by shops, restaurants, Wholefoods, and minutes to beautiful Ell Pond, this property caters to the demands of modern life, making it a hotspot for tenants seeking accessibility and a stress-free commute. With fully occupied, turnkey rentals, enjoy a hassle-free income stream and let your investment work for you. Don't miss out on this golden opportunity to acquire a fully rented, turnkey multifamily property with value-add upside in one of Massachusetts' most sought-after locations!
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Highlights
- Heating: Hot Water
- Property Class: Residential Income
- Total Rooms: 26
- Status: Closed
- Parking Spots: 10
- Property Type: 5+ Family - 5+ Units Up/Down
- Year Built: 1895
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Additional Details
- Basement: Full, Walk-Out Access
- Flooring: Tile, Hardwood
- Roof: Shingle
- Year Built Details: Renovated Since
- Zoning: Ura
- Fireplaces: 3
- Foundation: Granite
- Total Number of Units: 5
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, T-Station
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Electric: Individually Metered
- Water Source: Public, Individual Meter
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,186,100
- Compensation Based On: Net Sale Price
- Taxes: $12,359
- Buyer Agent Compensation: 2%
- Tax Year: 2023
- Total Rent: $8,450
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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 eXp Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
