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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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46-48 Cleveland St , Melrose, MA 02176
$1,599,000
Est. Payment: $3,553.33/mo
8 Bed
4 Bath
4590 Sqft
Status: Under Agreement | Days on site: 25
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K95593 - CT004394
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

A rare opportunity to acquire a four-family property in a high-demand area, offering unparalleled income potential and long-term value. Situated on one of Melrose's beautiful tree-lined residential streets. Each spacious unit features 2 bedrooms, 1 full bath, hardwood floors throughout, private rear balconies, off street parking and w/d hookups available in 2,255 sq ft basement with updated furnaces, roof and windows.Located just minutes from downtown Melrose with vibrant shops and restaurants, top-rated public schools, scenic hiking trails, and the MBTA/commuter rail, putting Boston just 7 miles away with easy access to routes 1 and 93. Whether you're an investor seeking strong rental income or a buyer looking to live in one unit while the others work for you, this property delivers on every level.
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Highlights

Listed by Derek Greene , 888-278-5840 The Greene Realty Group , 888-278-5840.

Property Type

Multi-Family
Lot/Acreage
0.18

Year Built

1900

County

Middlesex

Listing ID

73558870

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:8
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Appliances:Range, Dishwasher, Microwave, Range Hood
Floor:Vinyl,Hardwood
Other:
  • ▪ Additional:Ceiling Fan(s), Bathroom With Tub, Smart Thermostat, Living Room, Kitchen, Office/Den
Water:Public

Exterior Features

Lot:Level
Garage Capacity:6
Zoning:URA
Roof:Shingle
Others:
  • ▪ Additional:Balcony/Deck
Sewer:Public Sewer
Parking Features:Off Street,Paved,Parking Spaces: 6
Principal Interest
$3,553
Taxes
$835

Home Price

$1,599,000

Loan Details

30 yrs
%

Down Payment

20%
$319,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,553.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,553.33 $834.67 $0.00 $4,388.00
Yearly $42,640.00 $10,016.00 $0.00 $52,656.00
Total $1,279,200.00 $300,480.00 $0.00 $1,579,680.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Melrose, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.