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333 Main St, Melrose, MA

Melrose · MA 02176

$7,130,000
Price
40
Beds
23
Baths
22324
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1961
Units: 23 Units
Lot size: 0.47 Acre Lot
Price per square foot: $345 / Sq.Ft
Parking: 23 Off Street Spaces

About this home

333 Main St is a four-story brick building with 23 residential units consisting of (7) 1-Bed/1-Bath units, (15) 2-Bed/1-Bath units, and (1) 3-Bed/1-Bath unit. The units, which feature hardwood flooring, are separately metered for heat (electric), hot water (electric) and electricity, which are paid for directly by the tenants. The Landlord is responsible for common area electric and domestic water and sewer. 333 Main Street features ample off-street parking with 23 spaces. The Property also offers an on-site laundry facility, and each unit has a private walk-out patio or balcony. 333 Main Street offers the opportunity to acquire a well-maintained investment Property with upside in an exceptional, urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. The Melrose submarket continues to accelerate thanks to continued commercial and infrastructure development in Melrose.

Neighborhood & Transit

333 Main St, Melrose · MA 02176

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

  • Wyoming Hill Commuter Rail 1 route 0.12 mi
    • Haverhill Line

Price Insight

Days on Market:
512 days
Listing Price:
$7,700,000
Price per Sq.Ft:
$345
Tax Assessment:
$3,750,600 in 25
Taxes:
$3,094 / Monthly

Home Facts

Interior Features

Bedrooms
40
Full Bathrooms
23
Half Bathrooms
0
Living Area
22,324 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
22324
Flooring
Unknown
Lead paint
Certified Treated

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Individually Metered

Exterior Features

Lot Size
20,473 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
23 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Brick
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Kelleher - Pentore Team
Listing office
Horvath & Tremblay
MLS PIN #
73380111
Disclosure
The Total Monthly Rent is $54,600. $32,767 is the maximum input allowed by MLS.