3-5 E Foster St Melrose, MA ^$ 1,450,000

3-5 E Foster St

^$ 1,450,000

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3-5 E Foster St

Melrose, MA, 02176

^$ 1,450,000

Bedrooms-- Baths6.0 Sq 4,497

Monthly Estimate*

^$ 8,928

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Commercial Property for sale in Melrose, MA

for $1,450,000 with 6 full baths. This 4,497 square foot building was built in 1860 on a lot size of 0.05.

Classic Victorian mixed-use building in the heart of downtown Melrose, just steps to shops, restaurants, commuter rail, and bus lines. This well-maintained and highly admired property features four residential units and two commercial spaces with excellent street frontage and visibility. All units are fully rented, generating high, consistent operating income. The building has seen numerous updates, including renovated kitchens and baths in select units, updated flooring, newer water heaters, and a new chimney liner, offering both charm and modern reliability. With ample nearby public parking and a prime location in a vibrant downtown setting, this is a rare opportunity for investors seeking a turnkey property with solid income and long-term upside.

Commercial Contingent

Price

^$ 1,450,000

Full Bath

Property Type

Commercial

Taxes

^$ 24,381

Style

Commercial

Lot Size

0.05

Year Built

1860

Town/City

Melrose

County/Region

Middlesex

MLS | Web ID

73490896

List By

Lesley Smith

Listing Agent

Barrett Sotheby's International Realty

Broker

Affordability Calculator

$10,960

Per Month

Monthly Principal & Interest: $8,928
Monthly Property Taxes: $2,032
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends

Commerical listings in Melrose, MA

Average List Price ^$1,339,980

Percent of Sale Price 8%

About Melrose, MA

28,981 Population

7% Since 2002

^$89,874 Median Income

44.24 Median Age

29% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
3/24/2026	$1,450,000		Listed Price

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3-5 E Foster St, Melrose, MA, 02176 is a Commercial Property for sale at $1,450,000 with 4,497 sqft and a lot size of 0.05. 3-5 E Foster St has 6.0 baths and was built in 1860. The property's zip code is 02176 which is in Melrose, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 3/28/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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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3-5 E Foster St

Commercial Property for sale in Melrose, MA

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