NOT LISTED FOR SALE

56 E Emerson St Melrose, MA 02176

Melrose East Side Neighborhood
6 Beds
5 Baths
3,591 Sq Ft
8,999 Sq Ft Lot

Last Sold October 07, 2022

Last sale price $1,400,000 $390 Per Sq Ft

7 Days on Market

Highlights

  • Golf Course Community
  • Medical Services
  • Corner Lot
  • Winthrop Elementary School Rated A
  • Property is near public transit
  • Park

About This Home

As of October 2022

Don't miss your chance to own this large 5-unit investment property. E Emerson Street is located just steps to the Melrose-Wakefield Hospital. This property consists of four (1) bedroom units and one (2) bedroom unit. Conveniently located to Rte 1, I-93, and Wyoming Hill MBTA Station.

Last Agent to Sell the Property

Herrick Lutts Realty Partners

Herrick Lutts Realty Partners Listed on: 08/08/2022

Co-Listed By

Nick Zolotas

Herrick Lutts Realty Partners

Last Buyer's Agent

Nick Keramaris

Nicholas G. Keramaris

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,401

Year Built

  • Built in 1900

Lot Details

  • 8,999 Sq Ft Lot
  • Corner Lot

Home Design

  • 3,591 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit

Utilities

  • 200+ Amp Service
  • Gas Water Heater

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Total Actual Rent $3,480
  • Assessor Parcel Number M:0D8 P:0000069,654987

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Park

Building Details

  • Net Operating Income $59,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,401

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Unfinished
  • Living Area: 3591
  • Stories Total: 9
  • MAIN LO: AN6507
  • MAIN SO: AC2444

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Electric: 200+ Amp Service
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, T-Station

Lot Info

  • Parcel Number: M:0D8 P:0000069,654987
  • Zoning: URA
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 8999
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9401

Multi Family

  • Net Operating Income: 59160
  • Number Of Units Total: 5
  • Total Actual Rent: 3480
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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 List to Sale Price per Sq Ft
10/07/2022 10/07/22 Sold $1,400,000 +8.1% $390 / Sq Ft
08/16/2022 08/16/22 Pending -- -- --
08/08/2022 08/08/22 For Sale $1,295,000 -- $361 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nick Zolotas

    Seller Co-Listing Agent in 2022

    Nick Zolotas

    Herrick Lutts Realty Partners

    (978) 969-3427

    1 in this area

    35 Total Sales

    Nick Zolotas
    Section Image
  • Nick Keramaris

    Buyer's Agent in 2022

    Nick Keramaris

    Nicholas G. Keramaris

    (339) 222-2314

    2 in this area

    3 Total Sales

    Nick Keramaris
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73022495

MLS Property Information Network (MLS PIN)
Massachusetts Middlesex County Melrose 02176 Melrose East Side

56 E Emerson St, Melrose, MA

Not Listed for Sale

MultiFamily

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MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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