Off Market
18-20 N High St, Melrose, MA
Melrose · MA 02176
- $1,585,000
- Price
- 7
- Beds
- 4
- Baths
- 4154
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
4 Units
Lot size:
4,752 Sq.Ft Lot
Price per square foot:
$382 / Sq.Ft
Parking:
4 Off Street Spaces
About this home
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.
Neighborhood & Transit
18-20 N High St, Melrose · MA 02176
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Melrose/Cedar Park Commuter Rail 1 route 0.09 mi
- Haverhill Line
-
Wyoming Hill Commuter Rail 1 route 0.40 mi
- Haverhill Line
Price Insight
- Days on Market:
- 153 days
- Listing Price:
- $1,585,000
- Price per Sq.Ft:
- $382
- Tax Assessment:
- $965,900 in 2025
- Taxes:
- $923 / Monthly
Home Facts
Interior Features
- Bedrooms
- 7
- Full Bathrooms
- 4
- Half Bathrooms
- 0
- Living Area
- 4,154 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 4154
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 4,752 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 4 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Clapboard, Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Jill Butler
- Listing office
- Newell Realty
- MLS PIN #
- 73530094
- Disclosure
- Listing Agent has a financial interest in the managing LLC and is a part-owner of the property.