MA
Middlesex
Melrose
02176
3-5 E Foster St
3-5 E Foster St, Melrose, MA 02176
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Listing Type
Commercial/Industrial
Listing Status
Active Under Contract
10
$1,450,000

Home Details for 3-5 E Foster St

Price
$1,450,000
Type
Commercial Sale
Total Bathrooms
6
Square feet
4497
Year built
1860
Lot size acres
0.05
County
Middlesex
MLS Listing#
73490896
Property 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.

Property Features
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
Listing Courtesy: Barrett Sotheby's International Realty - 781-729-7900
Presented by: Lesley Smith
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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