1

Melrose, MA Multifamily Home for Sale

Section Image
  • /42

    $1,079,000

    • 5 Beds
    • 3 Baths
    • 2,977 Sq Ft

    16-18 Beacon Place, Melrose, MA 02176

    Don’t miss this rare opportunity to own a side-by-side 2-family home in the heart of Melrose Center! This versatile property offers the perfect blend of comfort, convenience and investment potential. Unit 16 offers 1 bedroom,1 bathroom, loft and in-unit laundry. Recent upgrades include refinished hardwood floors, fresh paint, updated kitchen countertops and cabinetry. Unit 18 features 4 bedrooms

    Patricia Candela Centre Realty Group

    16-18 Beacon Place, Melrose, MA 02176

Why Live in Melrose

Melrose, MA, located less than 10 miles north of Boston, offers a suburban feel with historic charm and modern amenities. The city is known for its walkability, abundant open spaces, and quick access to Boston via car or train. Melrose boasts a thriving local business community on Main Street, featuring classic red brick buildings, locally owned shops, and restaurants. Notable dining spots include Turner's Fish Market and Buckalew's General Store. The downtown area, added to the National Register of Historic Places in 1982, is adorned with decorative lampposts and festive holiday lights. Melrose is home to the oldest all-volunteer orchestra in the nation, the Melrose Symphony Orchestra, founded in 1918. The city hosts several community events, such as the Summer Stroll, Victorian Fair, and Home for the Holidays. The Beebe Estate, dating back to 1828, serves as an arts and events center. Residential areas feature Victorian and colonial-inspired architecture, with many homes built before the 1940s. Melrose offers a greenbelt of parks, trails, and ponds, including Middlesex Fells Reservation and Ell Pond. Golf enthusiasts can enjoy Bellevue Golf Club and Mount Hood Golf Course. Families benefit from the highly rated Melrose Public Schools, including Hoover Elementary, Melrose Veterans’ Memorial Middle School, and Melrose High School. Commuters have access to the T Orange Line, Interstate 93, and Route 1. Melrose has lower crime rates compared to the national average, though some areas may experience flooding during heavy rain.

Home Trends in Melrose, MA

Housing Trends

Median Sale Price
$700,750
Median Single Family Sale Price
$970,000
Median Townhouse Sale Price
$670,000
Median 2 Bedroom Sale Price
$600,000
Median 1 Bedroom Sale Price
$364,900
Average Price Per Sq Ft
$526
Number of Homes for Sale
2
Last 12 months Home Sales
68
Months of Supply
0.40
Median List Price
$699,900
Median Change From 1st List Price
-3%
Median Home Sale Price YoY Change
11%
How to Buy a Home How to Finance a Home How to Sell a Home