$1,585,000
18-20 North High Street
Melrose, MA, 02176
Rarely does a stabilized four-family come to market with this combination of location, income, and upside. Positioned steps from Cedar Park and the commuter rail, this well-maintained asset delivers immediate cash flow with a clear value-add runway. The building offers 4,154 sq ft across four fully occupied units: three identical 1-bed/1-bath apartments and one, two-level 3-bed/1-bath renovated within the last year. The total rent income is $8,925/month, major systems have been upgraded and utilities separated out to each unit. Cosmetic upgrades for the two, first floor units present a straightforward path to bring rents to market upon turnover. Four off-street parking spaces, coin-op laundry, and consistent capital improvements over the past decade round out a compelling profile. For the long-term holder or condo converter, this is the kind of north-of-Boston multifamily with lots of potentials hard to overlook.
Property Details
Price:
$1,585,000
MLS #:
73530094
Status:
Active
Beds:
7
Baths:
4
Type:
Multi Family
Subtype:
4 Family
Listed Date:
Jun 4, 2026
Finished Sq Ft:
4,154
Total Sq Ft:
4,154
Lot Size:
4,752 sqft / 0.11 acres (approx)
Year Built:
1900
Units:
4
Schools
High School:
Melrose High
Interior
Above Grade Finished Area
4154
Appliances
Range, Disposal, Refrigerator, Range Hood, Dishwasher
Bathrooms
4 Full Bathrooms
Flooring
Hardwood
Heating
Baseboard, Natural Gas, Unit Control
Interior Features
Storage, Bathroom With Tub & Shower, Pantry, Remodeled, Living Room, Kitchen
Levels
5
Exterior
Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Medical Facility, Laundromat, Conservation Area, Private School, Public School
Construction Materials
Frame, Stone
Lot Features
Gentle Sloping
Open Parking Spaces
4
Open Parking YN
1
Parking Features
Paved Drive, Off Street
Parking Spots
4
Parking Total
4
Patio And Porch Features
Deck, Deck – Wood
Roof
Shingle
Stories
5
Window Features
Box/Bay/Bow Window(s)
Financial
Tax Year
2025
Taxes
$11,079
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
More About MarieMortgage Calculator
Map
Current real estate data for Multi Family in Melrose as of Jun 20, 2026
8
Multi Family Listed
15
Avg DOM
413
Avg $ / SqFt
$1,132,238
Avg List Price
Community
- Address18-20 North High Street Melrose MA
- CityMelrose
- CountyMiddlesex
- Zip Code02176
Subdivisions in Melrose
Similar Listings Nearby
Property Summary
- 18-20 North High Street Melrose MA is a Multi Family for sale in Melrose, MA, 02176. It is listed for $1,585,000 To schedule a showing of MLS#73530094 at 18-20 North High Street in Melrose, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Newell Realty. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
18-20 North High Street
Melrose, MA