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    Melrose, MA
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    Melrose, MA Multifamily Properties for Sale

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    Quadplex with Separately Metered Utilities
    Updated: Jul 4
    Quadplex with Separately Metered Utilities

    38 & 40 Hurd Street, Melrose, MA 02176

    $1,350,000
    3,519 sqft
    Four‑unit quadplex with 9 bedrooms and 4 full baths
    Approximately 3,519 sq ft of living space
    Units have separately metered utilities
    Updated kitchens with hardwood/vinyl flooring
    Off‑street parking plus shared laundry
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    This listing looks promising.

    Here's a quick look at some key insights for

    38 & 40 Hurd Street, Melrose, MA 02176

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    • Est. Cap Rate

      5.5%
      NOI ÷ price

    • Est. NOI

      $74K
      Annual

    • Price @ 7% Cap

      $1.06M
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1900
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    Quadplex With Private Balconies
    Updated: Aug 8
    Quadplex With Private Balconies

    46-48 Cleveland St, Melrose, MA 02176

    $1,599,000
    4,590 sqft
    Four‑unit residential property built in 1900
    Each unit includes 2 bedrooms and 1 full bath
    2,255‑square‑foot basement with washer and dryer hookups
    Private rear balconies and off‑street parking
    Updated furnaces, roof, and windows
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    Four-Unit Residential Income Building
    Four-Unit Residential Income Building

    38 & 40 Hurd St, Melrose, MA 02176

    $1,395,000
    3,519 sqft

    Well-maintained four-unit property with updated kitchens, separately metered utilities, off-street parking, shared laundry, and a full basement.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    9 Elm Street, Melrose, MA 02176

    $1,049,000
    2,630 sqft 0.13 AC lot

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

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Melrose Multifamily Portfolio Opportunity
    Melrose Multifamily Portfolio Opportunity

    24 W Emerson Street, Melrose, MA 02176

    Contact for pricing
    3,725 sqft 0.71 AC lot

    Four adjacent parcels with 14 units in Melrose, MA.

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    Permitted 15-Unit Multifamily Building
    Permitted 15-Unit Multifamily Building

    272 Tremont St, Melrose, MA 02176

    Contact for pricing
    18,930 sqft

    ZBA-approved 15-unit building proposal includes residential units plus 600 sf of commercial space and resident parking.

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    Two-Family Hilltop Residence
    Two-Family Hilltop Residence

    46 Oakland St, Melrose, MA 02176

    $1,050,000

    Two updated eat-in kitchens with separate utilities, off-street parking, and a shared patio overlooking the surrounding area.

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    Two-Family Residential Income Property
    Two-Family Residential Income Property

    213-215 Main St, Melrose, MA 02176

    $1,050,000

    Well-maintained two-family property with off-street parking, a two-car garage, and a full walk-out basement.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 8 Active listings in Melrose, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Victorian Duplex with Garage
    Victorian Duplex with Garage

    56 Lincoln St, Malden, MA 02148

    $1,075,000
    3,976 sqft 0.16 AC lot

    Two-unit Victorian property with updated mechanical systems, a finished lower level, and substantial off-street parking.

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    Victorian Duplex with Two-Car Garage
    Victorian Duplex with Two-Car Garage

    56 Lincoln St, Malden, MA 02148

    $1,075,000
    3,976 sqft

    Two-unit Victorian home with updated major systems, a finished lower level, and convenient access to transit, dining, and shopping.

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    Two-Family Residential Income Duplex
    Two-Family Residential Income Duplex

    722 Highland Ave, Malden, MA 02148

    $923,000
    2,013 sqft

    Well-maintained two-family home with two separate units, in-unit laundry, and private outdoor space for each unit.

    View details
    Victorian Duplex With Private Decks
    Victorian Duplex With Private Decks

    16-18 Kernwood St, Malden, MA 02148

    $1,299,000

    Two residential units include separate decks, driveways, and in-unit laundry.

    View details

    Off-Market Properties in Melrose, MA

    Consider similar Off-Market properties in Melrose, MA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    158 Essex St
    BOARDING/ROOMING HOUSE

    158 Essex St, Melrose, MA 02176-3176

    $24,395,000
    Estimated value
    91,200 sqft 1.78 AC lot
    View details
    24-26 Vine St
    BOARDING/ROOMING HOUSE

    24-26 Vine St, Melrose, MA 02176

    $695,000
    Estimated value
    4,394 sqft 0.14 AC lot
    View details
    46-48 Waverly Pl
    Residential income homes

    46-48 Waverly Pl, Melrose, MA 02176

    $1,650,000
    Estimated value
    View details

    Melrose, MA Multifamily Properties Market Trends and Statistics

    Explore 11 multifamily properties for sale in Melrose, MA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 36,913 square feet of properties for sale, with an estimated market value of $7,493,000.

    Sale prices for multifamily properties in Melrose, MA start at $1,049,000, averaging $1,248,833, and reaching up to $1,599,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 5
    Quadplexes 3
    Apartment buildings 1
    Triplexes 1

    Demographics Overview

    Population 29K
    Population Growth (5Y) +4.9%
    Median Household Income $126,854
    College Educated 90.3%

    High-Yield Neighborhoods for Investment

    Identify Melrose submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    02176 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.63%
    Property Tax per SF $9.48 per SF
    Tax Rate vs County Average 0.13 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Middlesex County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Middlesex County

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