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18-20 North High St

melrose, MA 02176

US$1,585,000

  • 7 BR
    4 BA
    approx. 4,154 SF

Interested? Let's Connect

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.

Details

4,154 Sq Ft

4,752 Sq Ft Lot Size

investment

US$923 Monthly Tax

Built in 1900

MLS/Listing ID 73530094

5 Stories

4 Units

Amenities & Features

Construction - Stone

Community - Park

Community Pool

Community - Public Transportation

Community - Shopping

Community - Tennis Courts

Dishwasher

Disposal

Range

Range Hood

Refrigerator

Public Sewer

Shingle

Deck - Wood

Living Room

Bathroom with Tub and Shower

Heating - Unit Control

Community - Public School

Community - Private School

Community - Medical Facility

Community - Laundromat

Community - Conservation Area

Deck

Parking - Off Street

Parking - Paved

Lot - Gentle Sloping

Pantry

Storage

Heating - Baseboard

Heating - Natural Gas

Stone

Hardwood

Public Water

Construction - Frame

Estimate my mortgage

TOTAL MONTHLY COST

US$0

  • PRINCIPAL & INTEREST

    US$0

  • PROPERTY TAXES

    US$0

  • Common Charges

    US$0

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