MA
Middlesex
Melrose
02176
18-20 North High Street
18-20 North High Street, Melrose, MA 02176
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Listing Type
Multi Family
Listing Status
Active
37
$1,585,000

Home Details for 18-20 North High Street

Price
$1,585,000
Type
Residential Income
Bedrooms
7
Total Bathrooms
4
Full Bathrooms
4
Square feet
4154
Year built
1900
Lot size acres
0.11
County
Middlesex
Total rooms
17
Basement
Partial, Walk-Out Access, Concrete, Unfinished
Days on site
1
MLS Listing#
73530094
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
  • Basement
    • Partial
    • Walk-Out Access
    • Concrete
    • Unfinished
  • Heating Information
    • Natural Gas
    • Baseboard
  • House Interior
    • Storage
    • Pantry
  • Parking
    • Paved
    • Off Street
  • Water Features
    • Public
School Information
School Information for 18-20 North High Street, Melrose, MA 02176
Elementary School
N/A
Middle School
N/A
High School
Melrose High
Listing Courtesy: Newell Realty - 781-640-6979
Presented by: Jill Plank Butler
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Median Listing Price
Median Days on Site
Median Square Feet
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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