$1,125,000

Estimated payment $6,689/month

Total Views 1,217
5 Beds
4 Baths
2,474 Sq Ft
$455 Price per Sq Ft

Highlights

  • Golf Course Community
  • Public Water Access
  • Pond View
  • Horace Mann Elementary School Rated A-
  • Medical Services
  • Waterfront

About This Home

Rare Waterfront Two-Family in the heart of downtown Melrose! Offering stunning views of Ell Pond, this property boasts an unbeatable location close to everything that makes Melrose a special place to live. Enjoy convenient access to Whole Foods, Shaw's Market, the Commuter Rail, Oak Grove, bus line, the Farmers Market, Library, YMCA, barre and yoga studios, a dog park, schools, and the vibrant downtown restaurants and shops-all within walking distance! Featuring soaring ceilings with wood beams and skylights in some rooms, the interior's feel bright and open. Two private decks provide a tranquil setting to unwind, take in the scenic Ell Pond views, or enjoy kayaking, paddleboarding, and even glimpses of the resident swans. Additional perks include in-unit laundry, separate utilities, and four off street parking spaces. Whether you are looking for an ideal owner - occupied home or a sound investment property, this unique two-family offering is not to be missed!

Listing Agent

Lisa Howitt

Compass Listed on: 04/15/2026

Compass

Co-Listing Agent

Leeman & Gately

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,618

Year Built

  • Built in 1985

Lot Details

  • 3,559 Sq Ft Lot
  • Waterfront

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,474 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Skylights
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Insulated Windows
  • Combination Dining and Living Room
  • Home Office
  • Pond Views

Kitchen

  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

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

Outdoor Features

  • Public Water Access
  • Balcony
  • Deck
  • Shed

Location

  • Property is near public transit and schools

Schools

  • Lottery Elementary School
  • Mvmms Middle School
  • Melrose High School

Utilities

  • 2 Heating Zones
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Internet Available

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number M:0D9 P:0000001

Community Details

Overview

  • 2 Units
  • Near Conservation Area

Amenities

  • Medical Services
  • Shops

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,618

Year Built

Built in 1985

Lot Details

3,559 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1985
  • Levels: 4
  • Year Built Details: Approximate
  • APOD AVAILABLE: No
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Flooring: Wood, Tile, Carpet, Hardwood, Stone/Ceramic Tile
  • Interior Amenities: Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Open Floorplan, Internet Available - Unknown, Kitchen, Laundry Room, Living RM/Dining RM Combo, Office/Den
  • Fireplace Features: Wood Burning
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 5
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bathrooms: 4
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Basement: Full, Partially Finished, Interior Entry, Concrete
  • Above Grade Finished Sq Ft: 2474
  • Living Area: 2474
  • Spa YN: No
  • Stories Total: 4
  • Window Features: Skylight(s), Insulated Windows
  • MAIN LO: AN2383

Exterior Features

  • Exterior Features: Balcony/Deck
  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Deck - Composite
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Waterfront, Pond, Direct Access, Public
  • Waterfront YN: Yes
  • Waterview Flag: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking Spaces: 4
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven, for Gas Dryer, Washer Hookup
  • Heating: Baseboard, Natural Gas
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0D9 P:0000001
  • Zoning: BD
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3559
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 8618

Multi Family

  • Net Operating Income: 36000
  • Number Of Units Total: 2
  • Total Actual Rent: 5700
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: Y
  • Waterview: Pond, Public, Walk to

MLS Schools

  • High School: Melrose High
  • Elementary School: Lottery
  • Middle Or Junior School: Mvmms

Map

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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
04/15/2026 04/15/26 For Sale $1,125,000 -- $455 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73502320

MLS Property Information Network (MLS PIN)
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