Permitted 15-Unit Multifamily
For Sale
Contact for pricing
272 Tremont St, Melrose, MA 02176
ZBA-approved 15-unit building proposal includes residential units plus 600 sf of commercial space and resident parking.
Property Size18,930 SF
Days on Market120
Property Features for 272 Tremont St
General Information
Standard status
Active
Size
18,930 SF
Total Parking Spaces
14
Property subtype
Multifamily
Additional Details
Multifamily Units
15
Building Details
Stories
4
Tenancy
Multi
Listing Agency:
Stephen Cefalo Real Estate
Listed By:
Steve Cefalo · License #MA 9518853
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 5:10AM
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 Stephen Cefalo Real Estate
Investment Insights
Based on property information with market context.
Fully permitted for sale: a 15-unit multifamily building within the City of Melrose Highlands Commercial District. The City of Melrose ZBA approval is noted as of November 2020, and the project reflects requirements including two affordable units.
The approved unit mix includes nine two-bedroom units, six one-bedroom units, and one 600-square-foot commercial space. Parking is proposed as 12 full-sized resident spots plus two additional spots for the retail component.
The project is described as a proposed four-story building with ground-level under-building parking. The present structure is noted as wood frame, and current tenant rental income and financials are available upon request.
The approved unit mix includes nine two-bedroom units, six one-bedroom units, and one 600-square-foot commercial space. Parking is proposed as 12 full-sized resident spots plus two additional spots for the retail component.
The project is described as a proposed four-story building with ground-level under-building parking. The present structure is noted as wood frame, and current tenant rental income and financials are available upon request.
Key Highlights
- 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’
Property Analytics
Current Use
Lease Details
15
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
544
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
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Frequently Asked Questions
What type of property is this?
Apartment building - ZBA-approved 15-unit building proposal includes residential units plus 600 sf of commercial space and resident parking.
Where is this apartment building located?
The property is located at 272 Tremont St Melrose, MA.
What are key features of this property?
This property features: 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’
