143 Myrtle Street, Melrose MA 02176

Melrose, MA 02176
$879,900
Est. $5,371/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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4
Beds
2
Baths
1,811
Sq Ft
$486
Price/Sq Ft
0.15
Acres
1860
Year Built
4
Parking
18 minutes
Time on Market
For Sale Open House Listed Sep 23, 2026 • MLS# 73581327 Copied! • Updated Sep 23, 2026

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Open House Schedule

27
Sep
Sunday, September 27
11:30 AM - 1:00 PM EDT

About this home

Positioned just moments from downtown Melrose, this well-maintained two-family offers a rare opportunity to own in one of the city's most sought-after and convenient locations. From coffee shops and restaurants to local boutiques, the library, parks, commuter rail, and seasonal farmers market, everything that makes Melrose such a desirable place to live is right outside your door. With a NEW ROOF and the first-floor unit now VACANT, the property offers added flexibility for an owner-occupant or investor. Both units feature updated kitchens with stone countertops, generous living spaces, and wood floors throughout much of each unit. The second-floor unit is currently occupied by a tenant-at-will. A shared outdoor patio creates additional space to relax or gather, while four off-street parking spaces provide a valuable convenience rarely found this close to downtown. Whether you're looking to move right in while generating rental income or add to your investment portfolio, this property combines location, flexibility, and opportunity in the heart of Melrose.

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Property History

Property Timeline

🏠
Listed for Sale
Sep 23, 2026
$879,900
Original listing
Agent: Kim Izzi Office: Leading Edge Real Estate

Tax History

Year Taxes Assessment
2026 $8,663 $755,300

Financial Details

Annual Property Tax
$8,663
Tax Year 2026
Assessed Value
$755,300

Facts & Features

Home Facts

Type Residential Income
Style Multi Family
Year Built 1860
Living Area 1,811 sq ft
Lot Size 0.15 acres
Stories 2
Bedrooms 4
Full Baths 2
Total Rooms 9

Investment Metrics

Units 2
Unit 1 Rent — · N
Unit 2 Rent $2,200/mo · N
Total Monthly Rent $2,200/mo
Gross Income $28,800
Net Operating Income $28,800
Cap Rate 3.27%
Heating Baseboard, Oil, Electric
Cooling None
Flooring Wood, Tile
Appliances Range, Refrigerator, Microwave
Fireplace None
Basement Full, Interior Entry, Concrete, Unfinished
Laundry Electric Dryer Hookup, Washer Hookup
Features Living Room, Kitchen, Mudroom
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Patio
Features Paved Drive, Off Street
Total Spaces 4
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $8,663
Assessed Value $755,300
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures Measurements Are Estimated And Vary Between Listing Info & Floor Plans.
Exclusions See Info Pack
Possession None
Accepted Financing None
Structure Type []
House Color White
Sq Ft Source Measured
Documents None
County Middlesex
Total market time (incl. prior listings) 44 days

Property Overview

Property Type
Multi Family
Listing Type
For Sale
Year Built
1860
Bedrooms
4
Full Bathrooms
2
Living Area
1,811 sq ft
Total Rooms
9
Stories
2
Levels
2

Floor Layout

Interior Features

Flooring: Wood, Tile
Appliances: Range, Refrigerator, Microwave
Interior Features: Living Room, Kitchen, Mudroom
Windows:
Basement: Full, Interior Entry, Concrete, Unfinished
Laundry: Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1860
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Block, Stone
Stories: 2

Heating, Cooling & Utilities

Heating: Baseboard, Oil, Electric
Heating Zones: 2
Cooling: None
Hot Water: Oil, Tank
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Patio
Fencing:
Other Structures:
Lot Features:
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 4
Parking Features: Paved Drive, Off Street
School District
Melrose School District local
A
School Safety 2024-25
0.6% Low
0.4% Suspensions 0.4% In-School 0.2% Emergency
4.9% below state avg
E

Elementary Schools

7 schools
St. Mary Elementary School
0.3 mi
Grades PK-08
A-
Lincoln School
0.5 mi | #205 of 825 | Score: 54.6
Improved 119 spots from last year
-3.6 below state avg
387 students Diverse
Rising School Diverse Student Body Strong Attendance
Grades K-05
A
Roosevelt School
0.6 mi | #107 of 825 | Score: 58.8
Improved 117 spots from last year
+0.6 above state avg
366 students Moderate
Rising School Strong Attendance
Grades K-05
Early Childhood Center
0.6 mi
247 students Diverse
Grades PK-K
A+
Winthrop School
0.7 mi | #79 of 825 | Score: 60.3
Improved 11 spots from last year
+2.1 above state avg
372 students Less Diverse
Strong Attendance
Grades K-05
A+
Horace Mann School
0.9 mi | #74 of 825 | Score: 60.6
Dropped 68 spots from last year
+2.3 above state avg
258 students Moderate
Strong Attendance
Grades K-05
A-
Herbert Clark Hoover School
1.0 mi | #204 of 825 | Score: 54.6
Dropped 74 spots from last year
-3.6 below state avg
266 students Moderate
Strong Attendance
Grades K-05
M

Middle Schools

1 school
A-
Melrose Middle School
0.5 mi | #89 of 352 | Score: 50.7
Improved 9 spots from last year
-7.5 below state avg
830 students Moderate
Grades 06-08
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $722
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

143 Myrtle Street, Melrose MA 02176

Melrose, MA 02176

Listing Information

Listing Agent Kim Izzi
Listing Office Leading Edge Real Estate
Office Phone 781-979-0100
Agent MLS ID CN210666
Office MLS ID AN4646
Listing Data Updated Sep 23, 2026 9:39 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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