46-48 Cleveland St Melrose, MA ^$ 1,599,000

46-48 Cleveland St

^$ 1,599,000

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Open House 8/8 11am - 1pm

46-48 Cleveland St

Melrose, MA, 02176

^$ 1,599,000

Bedrooms8 Baths4.0 Sq 4,590

Monthly Estimate*

^$ 10,096

46-48 Cleveland St, Melrose, MA 02176 - Image 1

46-48 Cleveland St, Melrose, MA 02176 - Image 2

46-48 Cleveland St, Melrose, MA 02176 - Image 3

46-48 Cleveland St, Melrose, MA 02176 - Image 4

46-48 Cleveland St, Melrose, MA 02176 - Image 5

46-48 Cleveland St, Melrose, MA 02176 - Image 6

Multi-Family Home for sale in Melrose, MA

for $1,599,000 with 8 bedrooms and 4 full baths. This 4,590 square foot home was built in 1900 on a lot size of 0.18.

A rare opportunity to acquire a four-family property in a high-demand area, offering unparalleled income potential and long-term value. Situated on one of Melrose's beautiful tree-lined residential streets. Each spacious unit features 2 bedrooms, 1 full bath, hardwood floors throughout, private rear balconies, off street parking and w/d hookups available in 2,255 sq ft basement with updated furnaces, roof and windows.Located just minutes from downtown Melrose with vibrant shops and restaurants, top-rated public schools, scenic hiking trails, and the MBTA/commuter rail, putting Boston just 7 miles away with easy access to routes 1 and 93. Whether you're an investor seeking strong rental income or a buyer looking to live in one unit while the others work for you, this property delivers on every level.

Open House

8/8/2026 11:00 AM - 1:00 PM

8/9/2026 11:00 AM - 1:00 PM

46-48 Cleveland St Melrose, MA

* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

^$ 1,599,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 10,016

Style

4 Family

Lot Size

0.18

Year Built

1900

Town/City

Melrose

County/Region

Middlesex

MLS | Web ID

73558870

List By

Derek Greene

Listing Agent

The Greene Realty Group

Broker

Affordability Calculator

$10,931

Per Month

Monthly Principal & Interest: $10,096
Monthly Property Taxes: $835
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% 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

Multi-family listings in Melrose, MA

Average List Price ^$1,263,829

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

View more area information

Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
8/4/2026	$1,599,000		Listed Price

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46-48 Cleveland St, Melrose, MA, 02176 is a Multi-Family Home for sale at $1,599,000 with 4,590 sqft and a lot size of 0.18. 46-48 Cleveland St has 8 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 6.49% 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 8/5/2026.

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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46-48 Cleveland St

Multi-Family Home for sale in Melrose, MA

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