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18-20 North High Street, Melrose, MA 02176

Melrose
Local realty services provided by:CENTURY 21 The Real Estate Group
18-20 North High Street,Melrose, MA 02176
$1,585,000
  • 7 Beds
  • 4 Baths
  • 4,154 sq. ft.
  • Multi-family
  • Active
Listed by: jill plank butler
Office: newell realty
MLS#:73530094
Source:MLSPIN

Price summary

  • Price:$1,585,000
  • Price per sq. ft.:$381.56

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.

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Home facts

  • Year built:1900
  • Listing ID #:73530094
  • Updated:June 15, 2026 at 10:39 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:17
  • Flooring:Hardwood
  • Bathrooms Description:Bathroom With Tub & Shower
  • Kitchen Description:Dishwasher, Disposal, Kitchen, Range, Range Hood, Refrigerator
  • Basement Description:Concrete, Partial, Unfinished, Walk-Out Access
  • Living area:4,154 sq. ft.

Heating and cooling

  • Heating:Baseboard, Natural Gas, Unit Control

Structure and exterior

  • Roof:Shingle
  • Year built:1900
  • Building area:4,154 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:Gentle Sloping
  • Construction Materials:Frame, Stone
  • Exterior Features:Deck, Deck - Wood
  • Foundation Description:Stone

Schools

  • High school:Melrose High

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,585,000
  • Price per sq. ft.:$381.56
  • Tax amount:$11,079 (2025)

Features and amenities

  • Appliances:Dishwasher, Disposal, Range, Range Hood, Refrigerator
  • Amenities:Storage

Parking

  • Total parking spaces:4
  • Parking description:Off Street, Paved Drive
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein. MLSPIN Member Broker: Jacquelyn M Robinson

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