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Melrose, MA Apartment Buildings for Sale

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Permitted 15-Unit Multifamily Building
Updated: Apr 12
Permitted 15-Unit Multifamily Building

272 Tremont St, Melrose, MA 02176

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18,930 sqft
Fully permitted 15‑unit building for sale with proposed 4‑story design and ground‑level under‑building parking
City of Melrose ZBA approval (Nov. 2020) for 9 two‑bedroom units, 6 one‑bedroom units, and 1 (600 SF) commercial space
Total building size: 18,930 SF; proposed building dimensions 50’ x 150’
Parking includes 12 full‑sized resident spots plus 2 parking spots for retail
City of Melrose requires 2 affordable units as part of the approval
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Melrose, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Malden Apartments: Value-Add Opportunity
Malden Apartments: Value-Add Opportunity

2 Granite St, Malden, MA 02148

$1,850,000
4,208 sqft

Seven-unit apartment building in Malden with value-add potential.

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Malden Multifamily Investment Opportunity
Malden Multifamily Investment Opportunity

48 Tremont Street, Malden, MA 02148

$2,250,000

Nine-unit apartment building near public transportation and downtown Malden.

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Seven-Unit Residential Development
Seven-Unit Residential Development

22-26 Elm Rd, Everett, MA 02149

$999,000

Opportunity to develop seven one-bedroom units at a single residential income property in Everett.

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Six-Unit Apartment Building with Parking
Six-Unit Apartment Building with Parking

252-254 Ferry St, Everett, MA 02149

Contact for pricing
7,338 sqft 0.18 AC lot

Six-family on a corner lot with parking for 10–12 cars and separated utilities feeding two basements.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Detached Two-Family Duplex
Detached Two-Family Duplex

69 Martense Street, Brooklyn, NY 11226

$1,888,888
0.10 AC lot

Duplex on an R7a-zoned lot with three bedrooms per unit and a semi-finished basement with separate entrance.

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Land Near Shepherd University
Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000
3.70 AC lot

Prime land near Shepherd University with development potential.

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Central Business Zoned Development Land
Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000
0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Asheville Development Opportunity: 5.94 Acres
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Melrose, MA Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Melrose, MA on our real estate platform. These investment opportunities span a total of 18,930 square feet of properties for sale.

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Demographics Overview

Population 29K
Population Growth (5Y) +4.9%
Median Household Income $126,854
College Educated 90.3%

Taxes & Financing

Tax Rate (average for all types) 1.63%
Property Tax per SF $9.48 per SF
Tax Rate vs County Average 0.13 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Middlesex County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Middlesex County

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