381 Washington St Melrose, MA ^$ 1,199,000

381 Washington St

^$ 1,199,000

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Recently Listed

381 Washington St

Melrose, MA, 02176

^$ 1,199,000

Bedrooms5 Baths3.0 Sq 2,950

Monthly Estimate*

^$ 7,382

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Multi-Family Home for sale in Melrose, MA

for $1,199,000 with 5 bedrooms and 3 full baths. This 2,950 square foot home was built in 1922 on a lot size of 0.27.

Two-family beauty! This home is an exceptional opportunity for owner-occupants, investors, or multigenerational living. The 2-story upper unit lives like a single featuring a light-filled primary suite, large home office or studio, & expansive views. Fully renovated over the past decade, including professional design and modern finishes. Each unit has its own private deck overlooking the landscaped, tree-lined yard as well as access to an enclosed shared front porch. Owned solar panels provide added efficiency & energy savings. Outside, enjoy a rare, large fenced-in yard, 2-car garage & additional rear parking. Close to downtown Melrose, commuter rail, Oak Grove orange line, I-93, & the Middlesex Fells, offering a seamless blend of nature, convenience, & access to Boston. A rare opportunity to own a turnkey multi with both lifestyle appeal & strong investment upside, making this an ideal setup to offset your mortgage or build long-term wealth with confidence.

Multi-Family Active

Price

^$ 1,199,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 8,025

Style

Multi Family

Lot Size

0.27

Year Built

1922

Town/City

Melrose

County/Region

Middlesex

MLS | Web ID

73495933

List By

Susan Gormady Group

Listing Agent

Classified Realty Group

Broker

Affordability Calculator

$8,051

Per Month

Monthly Principal & Interest: $7,382
Monthly Property Taxes: $669
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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Trends

Multi-family listings in Melrose, MA

Average List Price ^$1,008,000

Percent of Sale Price 16%

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
4/8/2026	$1,199,000		Listed Price

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381 Washington St, Melrose, MA, 02176 is a Multi-Family Home for sale at $1,199,000 with 2,950 sqft and a lot size of 0.27. 381 Washington St has 5 bedrooms, 3.0 baths, and was built in 1922. 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 4/14/2026.

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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381 Washington St

Multi-Family Home for sale in Melrose, MA

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