Exceptional opportunity to own a well-maintained two-family home offering approximately 2,100 sq ft of living space. This versatile property features a total of 6 bedrooms and 2 full bathrooms across two units. The first-floor unit offers comfortable living space with direct access to a private brick patio—perfect for outdoor dining or relaxing. The second-floor unit features a deck located just off the kitchen, creating an ideal setting to enjoy your morning coffee or unwind at the end of the day. Each units has 2 dedicated parking spaces (4 total) & in-unit laundry. Whether you’re an investor seeking a property with strong rental history or an owner-occupant looking to offset your mortgage with additional income, this property provides outstanding flexibility (unit 1 will be delivered vacant). Conveniently located near downtown Melrose, Oak Grove Station, restaurants, shops, and parks, 7 Park Street combines suburban charm with easy access to Boston. Open Houses 6/20 & 6/21 11AM-1PM
Positioned just moments from downtown Melrose, this well-maintained two-family offers a rare opportunity to own in one of the city's most sought-after and convenient locations. From coffee shops and restaurants to local boutiques, the library, parks, commuter rail, and seasonal farmers market, everything that makes Melrose such a desirable place to live is right outside your door. Both units are occupied by tenants-at-will and feature updated kitchens with stone countertops, generous living spaces, and hardwood flooring throughout much of each unit. A shared outdoor patio creates additional space to relax or gather, while four off-street parking spaces provide a valuable convenience rarely found this close to downtown. Whether you're seeking an investment property, planning for future owner-occupancy, or looking for long-term flexibility, this property combines location, functionality, and opportunity in the heart of Melrose.
Two-family beauty at 110 Crescent Ave! Exceptional opportunity for owner-occupants, investors, or multi-generational living. The 1st-floor unit features 3 spacious bedrooms and can be delivered vacant, perfect for an owner-occupant looking to build immediate equity. The giant top unit is an expansive, bi-level 5-bedroom apartment offering massive rental potential. Huge possibilities on this 6,251 SF lot featuring a large multi bay garage in the back with potential to create a future ADU. The property has a few green spaces with potential for gardening and outdoor enjoyment. Plenty of off-street parking remains even without the garage space. Highly walkable, commuter-friendly location: just a 2-minute walk to Lincoln Elementary School, a 5-minute walk to the Wyoming Hill Commuter stop, and a quick 5-minute drive to the Oak Grove T Station. Don't miss this Melrose gem!
Rarely does a stabilized four-family come to market with this combination of location, income, and upside. Positioned steps from Cedar Park and the commuter rail, this well-maintained asset delivers immediate cash flow with a clear value-add runway. The building offers 4,154 sq ft across four fully occupied units: three identical 1-bed/1-bath apartments and one, two-level 3-bed/1-bath renovated within the last year. The total rent income is $8,925/month, major systems have been upgraded and utilities separated out to each unit. Cosmetic upgrades for the two, first floor units present a straightforward path to bring rents to market upon turnover. Four off-street parking spaces, coin-op laundry, and consistent capital improvements over the past decade round out a compelling profile. For the long-term holder or condo converter, this is the kind of north-of-Boston multifamily with lots of potentials hard to overlook.
Rare opportunity to own a well-maintained 3-family home in Melrose’s desirable East Side/Mt. Hood neighborhood! Offering exceptional versatility and investment potential, this property is ideal for investors, owner-occupants, landlords, and multi-generational living alike. Potential exists to easily combine the 2nd and 3rd floor units for expanded owner living space while maintaining rental income. Units 1 and 2 feature sun-filled living and dining areas, spacious rooms, and functional layouts ideal for everyday living and entertaining. Unit 3 was fully renovated in 2018 and offers hardwood floors throughout, central A/C, and exterior deck access overlooking the tree-lined neighborhood. Fantastic location less than 1 mile to downtown Melrose, commuter rail, restaurants, and shopping. Generous yard perfect for summer gatherings with ample parking and storage to complete this exceptional opportunity! Come see for yourself!
**OPEN HOUSE SAT 1-2:30**Investor and owner-occupant opportunity in the heart of Melrose! Well-maintained 4-family property offering strong income potential and flexible living arrangements. This spacious multi-unit building features 9 bedrooms and 4 full baths across approximately 3,519 sq ft of living space. Units offer functional layouts with bright living areas, updated kitchens, hardwood/vinyl flooring, and separately metered utilities. Additional highlights include off-street parking, shared laundry, and a full basement for storage. Conveniently located near downtown Melrose shops, restaurants, parks, schools, and public transportation, including the Wyoming Hill commuter rail station for easy access to Boston. Excellent opportunity to expand your investment portfolio or offset your mortgage with rental income in one of Melrose’s most desirable neighborhoods
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.
