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333 Main St Melrose, MA 02176

For Sale
$7,700,000

Well-maintained 23-unit building in urban Melrose location.

Lot size:
0.47 Acres

Property Features for 333 Main St

General Information

Lot size
0.47 Acres

Building Details

Year built
1961

Source: Horvath & Tremblay Agent John Pentore

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Melrose Multifamily Investment Opportunity

The property at 333 Main St is a four-story brick building containing 23 residential units. The unit mix consists of seven 1-bed/1-bath units, fifteen 2-bed/1-bath units, and one 3-bed/1-bath unit. Each unit features hardwood flooring and a private walk-out patio or balcony. Tenants are responsible for their individual heat (electric), hot water (electric), and electricity expenses, as each unit is separately metered. The landlord is responsible for common area electric, domestic water, and sewer. The property includes an on-site laundry facility and ample off-street parking with 23 spaces. Located in an exceptional, urban-infill location within the Melrose submarket, the property presents an opportunity to acquire a well-maintained investment with potential upside. The property is suitable for a buyer seeking income growth and strong investment returns. The Melrose submarket is experiencing continued commercial and infrastructure development.
Location Intelligence

Current Use by Public Records

apatment Apartment Building

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Melrose
County
Middlesex
State
Massachusetts
Longitude
-71.0670851
Latitude
42.4516382

FAQs

What type of property is this?
Apartment building - Well-maintained 23-unit building in urban Melrose location.
Where is this apartment building located?
The property is located at 333 Main St Melrose, MA.
What is the asking price?
The asking price for this property is $7,700,000.
What are key features of this property?
This property features: - 23 residential units featuring a mix of 1, 2, and 3-bedroom configurations.; - Ample off-street parking with 23 spaces.; - Each unit boasts a private walk-out patio or balcony.
More about this property
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