$1,850,000
SOLD JUL 30, 2025
11 Beds
7 Baths
6,068 Sq Ft
0.32 Acres

Recently Sold

$305 Per Sq Ft

24% Below List Price

40 Days on Market

Highlights

  • 0.32 Acre Lot
  • 4-minute walk to Wyoming Hill
  • Wood Flooring
  • Lincoln Elementary School Rated A-
  • Property is near public transit
  • 3-minute walk to Lincoln Playground

About This Home

As of July 2025

This Architecturally stunning MULTIFAMILY is in a fantastic Melrose location...near EVERYTHING! With 6 rental units & 6 garage bays, the possibilities are endless. In the same family for decades, it's time for the next savvy investor to take note of this unique offering. Continue renting as it is, make some updates & UP the rents, or even transform this amazing "mansion" into condominium units. There is nothing more appealing than the vibe of old world charm combined with modern updates & amenities. Throughout this property, you will find some original character such as beautiful crown moldings, floor to ceiling windows, "bump-outs" & bay windows, cathedral pediments, HW floors & even a marble fireplace. Equipped with 6 updated heating systems, 6 updated hot water tanks, all separate Circuit Breaker electrical panels, & a coin-op laundry. Grand & gracious, this property awaits its new care-taker with a dream of long-term stability. A property like this doesn't often come around.

Last Agent to Sell the Property

Rick Nazzaro

Colonial Manor Realty Listed on: 05/16/2025

Last Buyer's Agent

Button and Co.

LAER Realty Partners

LAER Realty Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,124

Year Built

  • Built in 1900

Lot Details

  • 0.32 Acre Lot
  • Level Lot

Parking

  • 6 Car Garage
  • Stone Driveway
  • Off-Street Parking

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • Property has 1 Level
  • 1 Fireplace
  • Washer and Gas Dryer Hookup

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Location

  • Property is near public transit

Community Details

  • 7 Units
  • Shops
  • Net Operating Income $119,060

Listing and Financial Details

  • Total Actual Rent $12,975
  • Assessor Parcel Number 652904

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,124

Year Built

Built in 1900

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Levels: 4
  • Year Built Details: Actual
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Tile, Vinyl, Hardwood
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Total Bedrooms: 11
  • Full Bathrooms: 7
  • Total Bathrooms: 7
  • Total Bathrooms: 7
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Basement: Full, Partially Finished, Walk-Out Access, Interior Entry
  • Above Grade Finished Sq Ft: 4953
  • Below Grade Sq Ft: 1115
  • Living Area: 6068
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: B32911
  • LIST PRICE PER Sq Ft: 328.77
  • PRICE PER Sq Ft: 304.88
  • MAIN SO: AN1199

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 6
  • Covered Parking Spaces: 6
  • Garage YN: Yes
  • Parking Features: Off Street, Stone/Gravel
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Dryer, Washer Hookup
  • Electric: Other (See Remarks)
  • Water Source: Public
  • HEAT UNITS: 6
  • Hot Water: Natural Gas, Tank, Other (See Remarks)

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Highway Access
  • Senior Community YN: No

Lot Info

  • Parcel Number: 652904
  • Zoning: URC
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.32
  • Lot Size Area: 0.32
  • Lot Size Sq Ft: 13795
  • Lot Size Units: Acres
  • PAGE: 512

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 12124
  • Tax Book Number: 26509

Multi Family

  • Gross Income: 155700
  • Net Operating Income: 119060
  • Number Of Units Total: 7
  • Total Actual Rent: 12975
  • LEVELS 1: 1
  • Basement Included Sq Ft: Yes
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 Sold $1,850,000 -7.3% $305 / Sq Ft
06/25/2025 06/25/25 Pending -- -- --
06/03/2025 06/03/25 Price Changed $1,995,000 -18.6% $329 / Sq Ft
05/16/2025 05/16/25 For Sale $2,450,000 0.0% $404 / Sq Ft
02/23/2018 02/23/18 Rented $1,700 +3.0% --
02/23/2018 02/23/18 Under Contract -- -- --
01/28/2018 01/28/18 For Rent $1,650 -- --
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73376264

MLS Property Information Network (MLS PIN)