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Key Details
Sold Price $1,505,000
Property Type Multi-Family
Sub Type 4 Family - 4 Units Side by Side
Listing Status Sold
Purchase Type For Sale
Square Footage 4,050 sqft
Price per Sqft $371
MLS Listing ID 73435634
Sold Date 12/15/25
Bedrooms 8
Full Baths 4
Year Built 1895
Annual Tax Amount $10,944
Tax Year 2025
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type 4 Family - 4 Units Side by Side
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.
Location
State MA
County Middlesex
Zoning URA
Direction Washington St to Brazil St
Rooms
Basement Full, Interior Entry, Concrete, Unfinished
Interior
Interior Features Ceiling Fan(s), Pantry, Walk-In Closet(s), Bathroom With Tub & Shower, Living Room, Kitchen
Heating Forced Air, Natural Gas, Electric
Cooling None
Flooring Wood, Tile, Vinyl
Appliance Range, Dishwasher, Refrigerator, Washer, Dryer
Laundry Washer & Dryer Hookup
Exterior
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
Utilities Available for Gas Range
Roof Type Rubber
Total Parking Spaces 7
Garage No
Building
Story 8
Foundation Stone
Sewer Public Sewer
Water Public
Schools
Elementary Schools Apply
Middle Schools Mvmms
High Schools Mhs
Others
Senior Community false
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Bought with The Alison Socha Team • Leading Edge Real Estate
