Melrose Real Estate, 18-20 North High Street: LRG Boston, #73530094

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18-20 North High Street, Melrose, MA

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Unit Information

Rarely does a stabilized four-family come to market with this combination of location, income, and upside. Positioned steps from Cedar Park and the commuter rail, this well-maintained asset delivers immediate cash flow with a clear value-add runway. The building offers 4,154 sq ft across four fully occupied units: three identical 1-bed/1-bath apartments and one, two-level 3-bed/1-bath renovated within the last year. The total rent income is $8,925/month, major systems have been upgraded and utilities separated out to each unit. Cosmetic upgrades for the two, first floor units present a straightforward path to bring rents to market upon turnover. Four off-street parking spaces, coin-op laundry, and consistent capital improvements over the past decade round out a compelling profile. For the long-term holder or condo converter, this is the kind of north-of-Boston multifamily with lots of potentials hard to overlook.

Additional Details: Status: NEW; Type: Multi-Family, Quadruplex; Zip Code: 02176; Levels: 5
Parking: Garage Capacity: 4; Parking: Paved,Off Street; Parking Spaces: 4

Rooms and Dimensions: Total Units: 4; Total Floors: 5; Total Rooms: 17; Has Basement: Yes

$1,585,000

Status: New
Listing ID: 73530094
Bedrooms: 7
Full Baths: 4
Living Area: 4,154 sqft 386 m² Convert
Lot Size: 4,752 sqft 441 m² Convert
Acres: 0.11
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