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213-215 Main St, Melrose MA 02176

Melrose, MA 02176
$1,050,000
Est. $6,198/month
4
Beds
3
Baths
2,047
Sq Ft
$513
Price/Sq Ft
0.14
Acres
1928
Year Built
2
Garage Spaces
4 hours 54 minutes
Time on Market
Active Open House Listed Jul 8, 2026 • MLS# 73546276 Copied! • Updated Jul 8, 2026

Open House Schedule

11
Jul
Saturday, July 11
11:30 AM - 1:30 PM EDT
10
Jul
Friday, July 10
5:00 PM - 6:30 PM EDT
12
Jul
Sunday, July 12
1:30 PM - 3:30 PM EDT

About this home

Exceptional, well-maintained two-family property offering an outstanding opportunity for both owner-occupants and savvy investors. This versatile home features a highly desirable layout with strong rental income potential, a two-car garage, and off-street parking for up to six additional vehicles—an uncommon amenity in the area. The full walk-out basement provides abundant storage and added functionality. Ideally located just minutes from Oak Grove MBTA Station, commuter rail, parks, shops and vibrant downtown Melrose. The property is perfectly positioned to attract commuters and tenants seeking convenience and accessibility. Close to 93/95/Rte 1. The spacious yard offers the ideal setting for outdoor entertaining or gardening. Whether you're looking to expand your investment portfolio, generate reliable rental income, or live in one unit while offsetting your mortgage with rental income from the other, this property offers exceptional long-term value and investment potential.

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Property History

Property Timeline

🏠
Listed for Sale
Jul 8, 2026
$1,050,000
Original listing
Agent: Joyce Diliegro Office: J. Barrett & Company

Tax History

Year Taxes Assessment
2025 $8,265 $834,800

Financial Details

Annual Property Tax
$8,265
Tax Year 2025
Assessed Value
$834,800

Facts & Features

2 Car Garage
Central AC

Home Facts

Type Residential Income
Style 2 Family - 2 Units Up/Down
Year Built 1928
Living Area 2,047 sq ft
Lot Size 0.14 acres
Bedrooms 4
Full Baths 3
Total Rooms 13

Investment Metrics

Units 2
Unit 1 Rent — · N
Unit 2 Rent — · N
Gross Income $38,400
Net Operating Income $38,400
Cap Rate 3.66%
Heating Oil, Individual, Ductless, Natural Gas
Cooling Ductless, Central Air
Flooring Tile, Vinyl, Varies, Hardwood, Stone/ceramic Tile
Appliances Oven, Dishwasher, Range, Refrigerator, Range Hood
Fireplace None
Basement Full, Partially Finished, Walk-out Access, Interior Entry, Sump Pump, Concrete
Laundry Washer & Dryer Hookup, Washer Hookup, Dryer Hookup, Electric Dryer Hookup
Features Ceiling Fan(s), Bathroom With Tub & Shower, Floored Attic, Walk-up Attic, Other, Living Room, Dining Room, Kitchen, Office/den
Construction Frame
Architecture None
Roof Shingle
Features Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Deck - Wood
Garage Spaces 2
Has Garage Yes
Features Paved Drive, Off Street, Paved
Total Spaces 8
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $8,265
Assessed Value $834,800
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Third Bathroom Is In The Basement And Has A Shower Stall. Two Wall Scones In The 2nd Unit Are Not Working. Stackable Washer And Dryer Are Left There As Gifts From The Seller.
Exclusions Refrigerator And Washer/Dryer In The Basement.
Possession None
Accepted Financing Contract
Structure Type []
House Color Beige
Sq Ft Source Measured
Documents None
County Middlesex

Property Overview

Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1928
Bedrooms
4
Full Bathrooms
3
Living Area
2,047 sq ft
Total Rooms
13
Stories
2
Levels
2

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Tile, Vinyl, Varies, Hardwood, Stone/Ceramic Tile
Appliances: Oven, Dishwasher, Range, Refrigerator, Range Hood
Interior Features: Ceiling Fan(s), Bathroom With Tub & Shower, Floored Attic, Walk-Up Attic, Other, Living Room, Dining Room, Kitchen, Office/Den
Windows: Box/Bay/Bow Window(s), Screens
Basement: Full, Partially Finished, Walk-Out Access, Interior Entry, Sump Pump, Concrete
Laundry: Washer & Dryer Hookup, Washer Hookup, Dryer Hookup, Electric Dryer Hookup
Security:

Construction & Materials

Year Built: 1928
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Granite
Stories: 2

Heating, Cooling & Utilities

Heating: Oil, Individual, Ductless, Natural Gas
Heating Zones: 2
Cooling: Ductless, Central Air
Cooling Zones: 1
Hot Water: Oil
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Rain Gutters
Patio & Porch: Deck - Wood
Fencing:
Other Structures:
Lot Features: Cleared, Level
Road Surface: Paved

Parking & Garage

Garage Spaces: 2
Total Parking Spaces: 8
Parking Features: Paved Drive, Off Street, Paved
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

3 schools
A
Lincoln School
0.3 mi | #130 of 824 | Score: 57.6
Improved 194 spots from last year
-0.6 below state avg
404 students Diverse
Rising School
Grades K-05
St. Mary Elementary School
0.4 mi
Grades PK-08
B-
Forestdale School
0.9 mi | #185 of 352 | Score: 41.8
Dropped 12 spots from last year
-16.4 below state avg
539 students Very Diverse
Diverse Student Body
Grades K-08
M

Middle Schools

2 schools
A-
Melrose Middle School
1.1 mi | #92 of 352 | Score: 50.4
Improved 6 spots from last year
-7.8 below state avg
886 students Moderate
Grades 06-08
C+
Saugus Middle School
2.5 mi | #248 of 352 | Score: 36.3
Improved 63 spots from last year
-21.9 below state avg
616 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

3 schools
C+
Malden High School
1.5 mi | #226 of 346 | Score: 48.9
Improved 72 spots from last year
-9.3 below state avg
1,890 students Very Diverse
14 sports • 856 athletes
Early College Program Rising School Diverse Student Body
Grades 09-12
Malden Catholic High School
1.8 mi
19 sports • 2,126 athletes
Strong Athletics
Grades 09-12
A-
Stoneham High School
2.0 mi | #91 of 346 | Score: 61.0
Improved 37 spots from last year
+2.8 above state avg
599 students Moderate
17 sports • 1,334 athletes
High Graduation Rate Rising School College Ready Curriculum Strong Athletics
Grades 09-12
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Including down payment
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $689
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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

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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

213-215 Main St, Melrose MA 02176

Melrose, MA 02176

Listing Information

Listing Agent Joyce Diliegro
Listing Office J. Barrett & Company
Office Phone 978-922-3683
Agent MLS ID B7000029
Office MLS ID AC2087
Listing Data Updated Jul 8, 2026 8:52 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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