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Listed price in listed location currency (USD).
$1,585,000

744

MLS® 73530094

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 4154 sqft
Garage No
Taxes $11,079
Days Active 5
Lot Size 0.11 acres
Approx. Age 1900
Avg. Price Per Sqft $381
MLS® Number 73530094

Property Address: 20-18-20 N High St, Melrose, MA, 02176-3048

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number73530094
Laundry Level
Central VacNo
FireplaceNo
Acreage0.11
Exterior
GarageNo
Approx. Age1900
BasementPartial, Walk-Out Access, Concrete, Unfinished
DrivewayPaved Drive, Off Street
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 4, 2026List Date
$1,585,000List Price
  • Commute

Commute

Starting Address
Destination Address
18-20 N High St, Melrose, MA

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