333 Main St Melrose, MA 02176
Oak Grove-Pine Banks NeighborhoodEstimated payment $43,118/month
Highlights
- Medical Services
- 3-minute walk to Wyoming Hill
- Property is near public transit and schools
- Lincoln Elementary School Rated A-
- 0.47 Acre Lot
- Corner Lot
About This Home
333 Main St is a four-story brick building with 23 residential units consisting of (7) 1-Bed/1-Bath units, (15) 2-Bed/1-Bath units, and (1) 3-Bed/1-Bath unit. The units, which feature hardwood flooring, are separately metered for heat (electric), hot water (electric) and electricity, which are paid for directly by the tenants. The Landlord is responsible for common area electric and domestic water and sewer. 333 Main Street features ample off-street parking with 23 spaces. The Property also offers an on-site laundry facility, and each unit has a private walk-out patio or balcony. 333 Main Street offers the opportunity to acquire a well-maintained investment Property with upside in an exceptional, urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. The Melrose submarket continues to accelerate thanks to continued commercial and infrastructure development in Melrose.
Listing Agent
Kelleher - Pentore Team
Horvath & Tremblay Listed on: 05/27/2025
Co-Listing Agent
Dennis Kelleher
Horvath & Tremblay
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $37,131
Year Built
- Built in 1961
Lot Details
- 0.47 Acre Lot
- Corner Lot
Home Design
- Rubber Roof
Interior Spaces
- 22,324 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 40 Bedrooms
- 23 Full Bathrooms
Parking
- 23 Car Parking Spaces
- Off-Street Parking
Additional Features
- Property is near public transit and schools
- Separate Meters
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number 653815
Community Details
Overview
- 23 Units
Amenities
- Medical Services
- Shops
Recreation
- Park
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $173,548
- Net Operating Income $492,156
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $371 | $3,750,600 | $1,725,000 | $2,025,600 |
| 2024 | $33,738 | $3,397,600 | $1,518,000 | $1,879,600 |
| 2023 | $32,561 | $3,124,900 | $1,380,000 | $1,744,900 |
| 2022 | $30,626 | $2,897,400 | $1,265,000 | $1,632,400 |
| 2021 | $29,634 | $2,706,300 | $1,265,000 | $1,441,300 |
| 2020 | $29,899 | $2,705,800 | $1,265,000 | $1,440,800 |
| 2019 | $26,910 | $2,489,400 | $1,150,000 | $1,339,400 |
| 2018 | $26,175 | $2,310,200 | $1,150,000 | $1,160,200 |
| 2017 | $24,122 | $2,044,200 | $1,081,000 | $963,200 |
| 2016 | $22,967 | $1,862,700 | $920,000 | $942,700 |
| 2015 | $22,051 | $1,701,500 | $805,000 | $896,500 |
| 2014 | $22,596 | $1,701,500 | $805,000 | $896,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/02/2025 07/02/25 | Pending | -- | -- | -- |
| 07/01/2025 07/01/25 | Off Market | $7,700,000 | -- | -- |
| 06/20/2025 06/20/25 | For Sale | $7,700,000 | 0.0% | $345 / Sq Ft |
| 06/16/2025 06/16/25 | Off Market | $7,700,000 | -- | -- |
| 05/27/2025 05/27/25 | For Sale | $7,700,000 | -- | $345 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73380111
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