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40-42 Tappan St, Melrose, MA

Melrose · MA 02176

$875,000
Price
5
Beds
2
Baths
2130
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1920
Units: 2 Units
Lot size: 7,048 Sq.Ft Lot
Price per square foot: $399 / Sq.Ft
Parking: 2 Off Street Spaces

About this home

Calling all visionaries! Here's your chance to write the next chapter of this beloved Melrose two-family, carefully stewarded by the same family since Elvis was topping the charts. While this home might need a refresh (think more time capsule than turn-key), its bones are as solid as its location is spectacular. Perfectly perched just steps from downtown Melrose's foodie paradise and the commuter rail, this property is also a hop and skip from the wilderness wonderland of Middlesex Fells. Leave your car in the two car driveway and walk to everything that makes Melrose one of Greater Boston's most coveted communities. Amidst the vintage vibes inside lie original hardwood floors, and a generous deep lot outside begs for your garden dreams. The possibilities here are endless, but it's perfect for house hackers: live in one unit while rental income helps fund your renovation vision. Or, reimagine both units for maximum return. Opportunities like this one do not come along often!

Neighborhood & Transit

40-42 Tappan 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 0.28 mi
    • Haverhill Line
  • Wyoming Hill Commuter Rail 1 route 0.42 mi
    • Haverhill Line

Price Insight

Days on Market:
494 days
Listing Price:
$850,000
Price per Sq.Ft:
$399
Tax Assessment:
$789,700 in 2025
Taxes:
$652 / Monthly

Home Facts

Interior Features

Bedrooms
5
Full Bathrooms
2
Half Bathrooms
0
Living Area
2,130 Sq.Ft
Broker Disclosure about Living Area
6 bedrooms per public record, 5 bedrooms + 2 LR + 2 DR functionally
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
2130
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
100 Amps

Exterior Features

Lot Size
7,048 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
2 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
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
Adam Shulman
Listing office
Leading Edge Real Estate
MLS PIN #
73370664
Disclosure
All utilities are shared. There is gas on the street. There is attic space, but it is only accessible via ladder (and will not be accessible during OHs).
Disclosure
6 bedrooms per public record, 5 bedrooms + 2 LR + 2 DR functionally