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Listed price in listed location currency (USD).
$1,450,000

060

MLS® 73490896

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size 4497 sqft
Garage No
HOA Fees 
Taxes $24,381
Days Active 1
Approx. Age 1860
Avg. Price Per Sqft $322
MLS® Number 73490896

Property Address: 3-5 E Foster St, Melrose, MA, 02176-3936

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

Description

Classic Victorian mixed-use building in the heart of downtown Melrose, just steps to shops, restaurants, commuter rail, and bus lines. This well-maintained and highly admired property features four residential units and two commercial spaces with excellent street frontage and visibility. All units are fully rented, generating high, consistent operating income. The building has seen numerous updates, including renovated kitchens and baths in select units, updated flooring, newer water heaters, and a new chimney liner, offering both charm and modern reliability. With ample nearby public parking and a prime location in a vibrant downtown setting, this is a rare opportunity for investors seeking a turnkey property with solid income and long-term upside.
MLS® Number73490896
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1860
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

Other

Mar 24, 2026List Date
$1,450,000List Price
  • Commute

Commute

Starting Address
Destination Address
3-5 E Foster St, Melrose, MA

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