Melrose, MA Residential Income Properties for Sale

List

Map

Wakefield, MA Malden, MA Stoneham, MA

8 properties

Sort:

Updated: Mar 24

Victorian Mixed-Use Building in Melrose

3-5 E Foster St, Melrose, MA 2176

$1,450,000

4,497 sqft

Prime downtown Melrose location: Steps to shops, restaurants, commuter rail, and bus lines.
Turnkey investment property: Fully rented with high, consistent operating income.
Mixed‑use building: Features four residential units and two commercial spaces with excellent street frontage and visibility.
Well‑maintained: Numerous updates including renovated kitchens/baths in select units, updated flooring, newer water heaters, and a new chimney liner.
Classic Victorian architecture: A highly admired property with charm and character.

View details

This listing looks promising.

Here's a quick look at some key insights for

3-5 E Foster St, Melrose, MA 02176

View Property Analytics

Est. Cap Rate

5.1%
NOI ÷ price
Est. NOI

$74K
Annual
Mortgage

$863K
Dec 2020
Last Sold

Dec 2020
$1.15M
Property Type

Commercial Office/Residential (Mixed Use)
Built 1860

View Property Analytics

Updated: Jun 4

Three-Family Redevelopment Opportunity

71-73 Grove St, Melrose, MA 2176

$1,499,000

20,000 sqft

Current three‑family property with zoning paths for new mixed‑use development
Zoning indicates a Special Permit is needed to tear down and rebuild a mixed‑use building
Parking layout supports 10–12 parking spots
Current FAR 2.0 allows up to 11,500 SF building
Zoning also references a larger building option up to 20,000 SF with FAR 3.5 and additional Special Permits

View details

Well-Maintained Two-Family Home

143 Myrtle St, Melrose, MA 2176

$879,900

Two occupied units with updated kitchens, hardwood flooring, a shared patio, and off-street parking near downtown.

View details

Waterfront Two-Family in Downtown Melrose

780-782 Main St, Melrose, MA 2176

$1,099,000

Rare waterfront two-family with Ell Pond views in downtown Melrose.

View details

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Renovated Two-Family Home with Yard

381 Washington St, Melrose, MA 2176

$1,199,000

Two-family home near downtown Melrose with modern finishes and solar.

View details

Melrose Multifamily Portfolio Opportunity

24 W Emerson Street, Melrose, MA 2176

$4,800,000

3,725 sqft · 0.71 AC lot

Four adjacent parcels with 14 units in Melrose, MA.

View details

Melrose Multifamily Investment Opportunity

46-48 Waverly Place, Melrose, MA 2176

$1,650,000

2,940 sqft

Seven-unit multifamily property near Wyoming Hill MBTA station.

View details

Melrose Redevelopment Opportunity Near Downtown

71-73 Grove St, Melrose, MA 2176

$1,499,000

Redevelopment potential near downtown Melrose with possible mixed-use building.

View details

Based on your search, we've compiled 19 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, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Malden Two-Family Home

60 Kimball St, Malden, MA 2148

$919,000

Well-maintained two-family home in a convenient Malden neighborhood.

View details

Malden Two-Family Residence For Sale

60 Kimball St, Malden, MA 2148

$919,000

2,130 sqft

Well-maintained two-family home in a convenient Malden neighborhood.

View details

Malden Two-Family Colonial For Sale

235 Lebanon Street, Malden, MA 2148

$699,900

2,310 sqft

Two-family Colonial in Malden's Maplewood section, ideal for investors.

View details

Malden Two-Family Residence For Sale

60 Kimball St, Malden, MA 2148

$919,000

2,130 sqft

Well-maintained two-family home in Malden, ideal for investors.

View details

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Porter Square Redevelopment Opportunity

815 Somerville Avenue, Cambridge, MA 2140

$13,000,000

27,824 sqft · 0.24 AC lot

Redevelopment opportunity in the heart of Porter Square, Cambridge.

View details

Porter Square Redevelopment Opportunity

815 Somerville Ave, Cambridge, MA 2140

$13,000,000

27,824 sqft · 0.24 AC lot

Redevelopment opportunity in the heart of Porter Square, Cambridge.

View details

Orient Heights Development Opportunity

2 Ford St., Boston, MA 2128

$3,499,000

1 sqft

Development project near MBTA Blue Line with city approvals.

View details

Orient Heights Development Opportunity

970 Saratoga Street, Boston, MA 2128

$2,399,000

15,542 sqft

Development project near Orient Heights MBTA Blue Line.

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.

BOARDING/ROOMING HOUSE

158 Essex St, Melrose, MA 02176-3176

$27,305,000

Estimated value

91,200 sqft · 1.78 AC lot

View details

BOARDING/ROOMING HOUSE

24-26 Vine St, Melrose, MA 02176

$695,000

Estimated value

4,394 sqft · 0.14 AC lot

View details

Residential income homes

46-48 Waverly Pl, Melrose, MA 02176

Value Estimation by Request

View details

Melrose, MA Residential Income Properties Market Trends and Statistics

Explore 11 residential income properties for sale in Melrose, MA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 31,162 square feet of properties for sale, with an estimated market value of $9,399,000.

Sale prices for residential income properties in Melrose, MA start at $1,450,000, averaging $2,349,750, and reaching up to $4,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

List

Map

Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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	$1.8M

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)

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings

Melrose, MA Residential Income Properties for Sale

3-5 E Foster St, Melrose, MA 2176

71-73 Grove St, Melrose, MA 2176

143 Myrtle St, Melrose, MA 2176

780-782 Main St, Melrose, MA 2176

381 Washington St, Melrose, MA 2176

24 W Emerson Street, Melrose, MA 2176

46-48 Waverly Place, Melrose, MA 2176

71-73 Grove St, Melrose, MA 2176

Opportunities in Nearby Cities

60 Kimball St, Malden, MA 2148

60 Kimball St, Malden, MA 2148

235 Lebanon Street, Malden, MA 2148

60 Kimball St, Malden, MA 2148

Potential Development Sites for Consideration

815 Somerville Avenue, Cambridge, MA 2140

815 Somerville Ave, Cambridge, MA 2140

2 Ford St., Boston, MA 2128

970 Saratoga Street, Boston, MA 2128

Off-Market Properties in Melrose, MA

158 Essex St, Melrose, MA 02176-3176

24-26 Vine St, Melrose, MA 02176

46-48 Waverly Pl, Melrose, MA 02176

Melrose, MA Residential Income Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Need Help?

Popular Searches in Melrose, MA

Popular Categories

Most Searched ZIP Codes in Melrose, MA

Melrose, MA Residential Income Properties for Sale

3-5 E Foster St, Melrose, MA 2176

71-73 Grove St, Melrose, MA 2176

143 Myrtle St, Melrose, MA 2176

780-782 Main St, Melrose, MA 2176

381 Washington St, Melrose, MA 2176

24 W Emerson Street, Melrose, MA 2176

46-48 Waverly Place, Melrose, MA 2176

71-73 Grove St, Melrose, MA 2176

Opportunities in Nearby Cities

60 Kimball St, Malden, MA 2148

60 Kimball St, Malden, MA 2148

235 Lebanon Street, Malden, MA 2148

60 Kimball St, Malden, MA 2148

Potential Development Sites for Consideration

815 Somerville Avenue, Cambridge, MA 2140

815 Somerville Ave, Cambridge, MA 2140

2 Ford St., Boston, MA 2128

970 Saratoga Street, Boston, MA 2128

Off-Market Properties in Melrose, MA

158 Essex St, Melrose, MA 02176-3176

24-26 Vine St, Melrose, MA 02176

46-48 Waverly Pl, Melrose, MA 02176

Melrose, MA Residential Income Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Need Help?

Popular Searches in Melrose, MA

Popular Categories

Most Searched ZIP Codes in Melrose, MA

Select Neighborhood