18-20 North High Street Melrose, MA ^$ 1,585,000

18-20 North High Street

^$ 1,585,000

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18-20 North High Street

Melrose, MA, 02176

^$ 1,585,000

Bedrooms7 Baths4.0 Sq 4,154

Monthly Estimate*

^$ 9,759

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Multi-Family Home for sale in Melrose, MA

for $1,585,000 with 7 bedrooms and 4 full baths. This 4,154 square foot home was built in 1900 on a lot size of 0.11.

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.

Multi-Family Active

Price

^$ 1,585,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 11,079

Style

4 Family

Lot Size

0.11

Year Built

1900

Town/City

Melrose

County/Region

Middlesex

MLS | Web ID

73530094

List By

Jill Plank Butler

Listing Agent

Newell Realty

Broker

Affordability Calculator

$10,682

Per Month

Monthly Principal & Interest: $9,759
Monthly Property Taxes: $923
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 ^$1,245,600

Percent of Sale Price 21%

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.

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Pricing History

Date	Price	Price Change	Description
6/4/2026	$1,585,000		Listed Price

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18-20 North High Street, Melrose, MA, 02176 is a Multi-Family Home for sale at $1,585,000 with 4,154 sqft and a lot size of 0.11. 18-20 North High Street has 7 bedrooms, 4.0 baths, and was built in 1900. 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 6/13/2026.

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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18-20 North High Street

Multi-Family Home for sale in Melrose, MA

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