$1,599,000
46-48 Cleveland St
Melrose, MA, 02176
A rare opportunity to acquire a four-family property in a high-demand area, offering unparalleled income potential and long-term value. Situated on one of Melrose’s beautiful tree-lined residential streets. Each spacious unit features 2 bedrooms, 1 full bath, hardwood floors throughout, private rear balconies, off street parking and w/d hookups available in 2,255 sq ft basement with updated furnaces, roof and windows.Located just minutes from downtown Melrose with vibrant shops and restaurants, top-rated public schools, scenic hiking trails, and the MBTA/commuter rail, putting Boston just 7 miles away with easy access to routes 1 and 93. Whether you’re an investor seeking strong rental income or a buyer looking to live in one unit while the others work for you, this property delivers on every level.
Property Details
Price:
$1,599,000
MLS #:
73558870
Status:
Active
Beds:
8
Baths:
4
Type:
Multi Family
Subtype:
4 Family
Listed Date:
Aug 4, 2026
Finished Sq Ft:
4,590
Total Sq Ft:
4,590
Lot Size:
7,937 sqft / 0.18 acres (approx)
Year Built:
1900
Units:
4
Schools
Interior
Above Grade Finished Area
4590
Appliances
Range, Dishwasher, Microwave, Range Hood
Bathrooms
4 Full Bathrooms
Flooring
Vinyl, Hardwood
Heating
Forced Air, Natural Gas, Individual, Unit Control
Interior Features
Ceiling Fan(s), Bathroom With Tub, Smart Thermostat, Living Room, Kitchen, Office/Den
Laundry Features
Gas Dryer Hookup, Washer Hookup
Levels
4
Exterior
Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station, Sidewalks
Exterior Features
Balcony/Deck
Green Energy Efficient
Thermostat
Lot Features
Level
Open Parking Spaces
6
Open Parking YN
1
Parking Features
Off Street, Paved
Parking Spots
6
Parking Total
6
Roof
Shingle
Stories
4
Window Features
Insulated Windows
Financial
Tax Year
2025
Taxes
$10,016
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…
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Map
Current real estate data for Multi Family in Melrose as of Aug 06, 2026
11
Multi Family Listed
30
Avg DOM
395
Avg $ / SqFt
$1,244,982
Avg List Price
Community
- Address46-48 Cleveland St Melrose MA
- CityMelrose
- CountyMiddlesex
- Zip Code02176
Subdivisions in Melrose
Similar Listings Nearby
Property Summary
- 46-48 Cleveland St Melrose MA is a Multi Family for sale in Melrose, MA, 02176. It is listed for $1,599,000 To schedule a showing of MLS#73558870 at 46-48 Cleveland St in Melrose, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of The Greene Realty Group. 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.
46-48 Cleveland St
Melrose, MA