Melrose Multifamily Portfolio
For Sale
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24 W Emerson Street, Melrose, MA 02176
Four adjacent parcels with 14 units in Melrose, MA.
Property Size3,725 SF
Lot Size0.71 Acres
Price / SF$1,288
Days on Market109
Property Features for 24 W Emerson Street
General Information
Standard status
Active
Size
3,725 SF
Lot size
0.71 Acres
Property subtype
Multifamily
Zoning
UR-D / Urban Residential
Investment Type
Value Add
Building Details
Buildings
4
Units
14
Tenancy
Multi
Listing Agency:
NorthEast Private Client Group Shelton
Listed By:
Anthony Rakuskas · License #9588289
Source:
Crexi
Added: May 14
Changed: Aug 26
Last Checked: Aug 28 at 11:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NorthEast Private Client Group Shelton
Investment Insights
Based on property information with market context.
The W Emerson & Bradford Park Portfolio, located at 24 & 30-32 W Emerson Street and 1-3 5 & 2-4 Bradford Park in Melrose, MA, comprises four adjacent parcels totaling approximately 0.71 acres with 14 existing units. 24 W Emerson St is a 5-unit residential building totaling approximately 3,725 SF, situated on a lot of approximately 9,750 SF. 30-32 W Emerson St is a multifamily property consisting of approximately 3,416 SF on a lot of approximately 8,320 SF, currently configured as a 4-unit building. 2-4 Bradford Park is a 2-unit (duplex) building with an area of approximately 2,256 SF on a lot of approximately 3,676 SF, while 1-3 5 Bradford Park is a 3-unit (triplex) multifamily property with an area of approximately 3,296 SF on a lot of approximately 9,426 SF. The current zoning (UR-D / Urban Residential) supports multifamily density and allows for up to 21 units by right, with additional upside possible through redevelopment or expansion strategies, subject to approvals. Investors may explore expansion, redevelopment, or ADU-style enhancements. The properties benefit from ample on-site parking, including garage and off-street spaces.
Key Highlights
- Portfolio of four adjacent parcels totaling ~0.71 acres with 14 existing units.
- Zoning (UR‑D / Urban Residential) allows for up to 21 units by right.
- Redevelopment or expansion strategies possible (subject to approvals).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,481
Businesses Nearby
Explore this area
Business Placement
Demographics for 02176, MA
29,817
Population
12,724
Households
2.3
Avg Household Size
41
Median Age
62%
College-Educated
95%
High-School Grad
4.7 sq mi
ZIP Area
6,344
Density / Sq Mi
$126,854
Median Household Income
$80,293
Median Earnings
$1,933
Median Rent
$796,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four adjacent parcels with 14 units in Melrose, MA.
Where is this multifamily property located?
The property is located at 24 W Emerson Street Melrose, MA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Portfolio of four adjacent parcels totaling ~0.71 acres with 14 existing units.; Zoning (UR‑D / Urban Residential) allows for up to 21 units by right.; Redevelopment or expansion strategies possible (subject to approvals).
