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    35-41 Brazil St Melrose, MA 02176

    For Sale
    $1,325,000

    Four units with income potential near transportation and recreation.

    Lot size:
    0.35 Acres

    Property Features for 35-41 Brazil St

    General Information

    Lot size
    0.35 Acres

    Building Details

    Year built
    1895

    Source: Leading Edge Real Estate Agent Kim Izzi

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

    Overview

    Melrose Multifamily Investment Opportunity

    This multifamily property in Melrose features four units and seven parking spots. The property offers potential for increased rental income, with current rents below market value, estimated at $2,300 per unit. Each unit benefits from separate utilities, individual basement storage with laundry facilities, private outdoor space, and eat-in kitchens. Three of the four units are currently rented, with one recently vacated. The location provides convenient access to transportation, being steps from the Oak Grove Orange Line, MBTA Commuter Rail, and a bus line stop, facilitating commutes to Boston. Additionally, the property is near the Fells Reservation, offering access to hiking trails and outdoor recreation. The property presents opportunities for optimizing rents for steady cash flow or exploring condo conversion potential.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Melrose
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0731629
    Latitude
    42.441007

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    FAQs

    What type of property is this?
    Quadplex - Four units with income potential near transportation and recreation.
    Where is this quadplex located?
    The property is located at 35-41 Brazil St Melrose, MA.
    What is the asking price?
    The asking price for this property is $1,325,000.
    What are key features of this property?
    This property features: - High income potential: Increase rents by $2,300/month per unit.; - Prime location: Steps from Oak Grove Orange Line, MBTA Commuter Rail, and Bus Line for easy access to Boston.; - Outdoor recreation: Close proximity to the Fells Reservation hiking trails.
    (617) 763-4034
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    35-41 Brazil St Melrose, MA 02176
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