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Two-Unit Residential Income Property
For Sale
$975,000
Pending

9 Elm St, Melrose, MA 02176

Three-story two-family building with two 3-bedroom units, each featuring in-unit laundry and a private porch.

Property Size2,630 SF
Lot Size0.13 Acres
Days on Market104

Property Features for 9 Elm St

General Information

Standard status Pending
Size 2,630 SF
Total Parking Spaces 2
Lot size 0.13 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $7,949

Building Details

Building Size 2,630 SF
Year Built 1896
Stories 3
Tenancy Multi
Listing Agency: Horvath & Tremblay
Listed By: Kelleher - Pentore Team
Source: Classifiedrealtygroup
Added: Jul 10 Changed: Oct 11 Last Checked: Oct 20 at 5:52PM

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 Horvath & Tremblay

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Investment Insights

Based on property information with market context.

This three-story two-family residential income property features two separate 3-bedroom, 1-bath units within a single building. Both units include in-unit laundry and porches, offering everyday convenience and outdoor space. The property is situated on a corner parcel and includes two off-street parking spaces.

Located in downtown Melrose, the building provides access to the city’s central business district as well as nearby neighborhood retail corridors and surrounding residential areas.

The offering presents two well-sized, separately functioning units within one property, supported by the unit-level laundry and porch amenities and dedicated off-street parking.

Key Highlights

  • Two‑family investment property built in 1896 at 9 Elm Street in Melrose, MA
  • Three‑story building with 2 units, each a 3‑bedroom/1‑bath layout
  • 2,630 sq ft gross living area and 5,544 sq ft gross area

Property Analytics

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Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,036
Businesses Nearby

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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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Three-story two-family building with two 3-bedroom units, each featuring in-unit laundry and a private porch.
Where is this duplex located?
The property is located at 9 Elm St Melrose, MA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two‑family investment property built in 1896 at 9 Elm Street in Melrose, MA; Three‑story building with 2 units, each a 3‑bedroom/1‑bath layout; 2,630 sq ft gross living area and 5,544 sq ft gross area
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