Building Details

Year Built 1961

Listing Agency: Leading Edge Real Estate Show Phone

Listed By: The Kim Perrotti Team

Source: Donahuere

Added: Apr 8 Changed: Sep 2 Last Checked: Sep 2 at 1:11PM

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Investment Insights

Based on property information with market context.

Built in 1961, this second-floor residential income property is located in Building 53 at 53 Melrose Street. The unit features an open arrangement connecting the living room, dining area, and kitchen, with sliding doors leading to a balcony that extends the usable living area. The property also benefits from access to an indoor pool and sauna. Glass in all balcony windows has been replaced.

Key Highlights

• Second‑floor unit in Building 53
• Built in 1961
• Open living, dining, and kitchen arrangement

Property Analytics

Current Use

Melrose Towers Building ... Apartment Building

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Parking Lot & Garage Auto Parts Store Tech Support Center Computer & Electronic Repair Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,105

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

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Frequently Asked Questions

What type of property is this?

Residential income property - Open living, dining, and kitchen areas connect to a balcony through sliding doors.

Where is this residential income property located?

The property is located at 53 Melrose Street Melrose, MA.

What is the asking price?

The asking price for this property is $419,000.

What are key features of this property?

This property features: Second‑floor unit in Building 53; Built in 1961; Open living, dining, and kitchen arrangement