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Properties

  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,73530094
  • 18-20 North High Street, Melrose, Massachusetts, 7 Bedrooms Bedrooms, 17 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,North High Street,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.

Features
Heating System:
Unit Control, Baseboard, Natural Gas
Basement:
Partial, Walk-out Access, Unfinished, Concrete
Parking:
Off Street, Paved Drive
Appliances:
Disposal, Range, Dishwasher, Refrigerator, Range Hood
Construction:
Frame, Stone
Flooring:
Hardwood
Sewer:
Public Sewer
Water:
Public
Disclosure
Garage Parking
Interior Features:
Kitchen, Storage, Bathroom With Tub & Shower, Pantry, Living Room, Remodeled
Lead Paint:
Unknown
Road Type:
Paved
Rent Fee Includes:
Unit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Additional Information
High School:
Melrose High
Market Time:
4
Parking Spaces:
4
Tax Year:
2025
Status:
Active
Price Per Sqft:
$382
Zoning:
URA
No Units:
4
Orig Price:
$1,585,000
LEASE:
Yes
Waterfront:
No
MlsStatus:
Active
Address Map
City:
Melrose
State:
MA
County:
Middlesex
Postal Code:
02176
Longitude:
W72° 55' 47.3''
Latitude:
N42° 27' 27''
  • Google Map

Residential Income

18-20 North High Street, Melrose, Massachusetts

7 Bedrooms
4 Total Bathrooms
4,154 Sqft
$1,585,000
Listing ID #73530094
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$1,585,000
Bedrooms :
7
Rooms :
17
Total Bathrooms :
4
Full Bathrooms :
4
Square Footage :
4,154 Sqft
Year Built :
1900
Lot Area :
0.11 Acre
Listing ID :
73530094
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Agent info
Robb Enterprises
  • Stephen E. Robb
  • View website
  • 617-212-0251
  • srobb@robbenterprises.com

Contact Agent

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

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