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.
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| Year | Land | Building | Total | Change |
|---|---|---|---|---|
| FY2026 | $417,400 | $548,500 | $965,900 | — |
| Date | Price | Book/Page |
|---|---|---|
| Jul 10, 2015 | $606,050 | 65706/488 |
Permit history not yet available for this municipality.
Discrepancies found between MLS and assessor records.
| Field | Assessor | MLS | Match |
|---|---|---|---|
| Sqft | 6,172 | 4,154 | ✗ |
| Year built | 1,900 | 1,900 | ✓ |
18-20 North High Street, Melrose MA 02176
Melrose, MA 02176
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/04/2026 | 🏠 Listed for Sale | $1,585,000 | - | - | Original listing |
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