Exceptional corner two-family in Melrose’s most desirable East Side! Just a short walk to downtown and commuter rail; minutes from major routes, and steps from Melrose-Wakefield Hospital with valuable BD/medical/hospital zoning. This well-maintained home features 3 levels of living space with many recent upgrades and hardwood floor throughout both units. The first-floor unit features a 5-room layout with 2 bedrooms and has been fully renovated including new windows. The second and third floor unit offers a spacious 9-room layout with 5 bedrooms, living room, dining room, 2 full baths, and renovated modern kitchen. Additional highlights include partially finished basement, front and rear porches, in unit laundry, and 5 off-street parkings. Currently leased for $5900/month, potentially can increase much more if all rooms are rented. Fantastic opportunity for investors, medical professionals, or owner-occupants. Property sold as-is. Buyer and buyer’s agent to do their own due diligence.
This two-family home is in excellent condition, just a short distance to commuter rail, park, public schools, shopping and more ... First floor unit five rooms, updated kitchen with in-unit washer/dryer, large dining area/room, livingroom and two bedrooms, currently leased through 8/31/26 at $2,600 per month ... Separate entrance second/third floor unit, currently leased at $2,700/mo through 8/31/26, 1st level features kitchen, diningroom, two bedrooms and livingroom, 2nd level has large bedroom and office/small-4th-bedroom. exclusive-use bsmt laundry ... House shows very well, vinyl siding, full unfinished walkout basement, 4yr young LOCHINVAR gas fired hi efficiency combo boiler/hot-water, 2021 windows, gleaming hardwood floors, cozy yard, off-street parking for 2-3 cars ... SOME OWNER FINANCING AVAIL AT NEGOTIABLE FAVORABLE RATE/TERMS
Melrose is located in Massachusetts. Melrose, Massachusetts has a population of 29,567. Melrose is more family-centric than the surrounding county with 40.72% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in Melrose, Massachusetts is $125,229. The median household income for the surrounding county is $111,790 compared to the national median of $69,021. The median age of people living in Melrose is 42.1 years.
The average high temperature in July is 81.3 degrees, with an average low temperature in January of 18.8 degrees. The average rainfall is approximately 48 inches per year, with 47.6 inches of snow per year.
