Deb Rees
REALTOR®
BEDS7
BATHS4 full
SQUARE FEET4,154
MLS#73530094
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partial, Walk-Out Access, Concrete, Unfinished
Heating: Baseboard, Natural Gas, Unit Control
Lot Size: 0.11 Acres
Roof Type: Shingle
Stories: 5.0
Taxes: $11,079
Year Built: 1900
Amenities
Storage
Bathroom With Tub & Shower
Pantry
Remodeled
Living Room
Kitchen
Feature Descriptions
Appliances: Range, Disposal, Refrigerator, Range Hood, Dishwasher
Building Area Total: 4154
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Medical Facility, Laundromat, Conservation Area, Private School, Public School
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 6
Dwelling Type: 4 Family
Exterior: Frame, Stone
Flooring: Hardwood
HeatingY/N: 1
Lot Features: Gentle Sloping
Open Parking Y/N: Yes
Parcel Number: B8065,653258
Parking Features: Paved Drive, Off Street
Parking Total: 4
Patio And Porch: Deck, Deck - Wood
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Rooms Total: 17
Sewer: Public Sewer
Units: 4
Water: Public
Window Features: Box/Bay/Bow Window(s)
Local Schools
High School: Melrose High
Listed By / Shown By
Listed By
Agency Name: Newell Realty
Agent Name: Jill Plank Butler
Agency Phone: 781-640-6979
Shown By
Agent Name: Deb Rees
Agent Phone: Cell: (603) 454-8380
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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Estimated Payment
$ 4,913.06 per month $3,527.52 Principal & Interest $923.25 Property Tax $462.29 Homeowner's Insurance
18-20 North High Street | MLS# 73530094
This multi-family property located at 18-20 North High Street, Melrose, MA 02176 is currently listed for sale with an asking price of $1,585,000. Search Melrose real estate on debrees.masiellogrouprealestate.com today.