This well-positioned 3 family in Melrose represents a strong investment opportunity with immediate income & long-term upside. Set on an expansive 13k sq ft lot, the property offers exceptional parking capacity & outdoor space—an increasingly rare advantage in this market. Unit 1 delivers a desirable three bedrooms, including a Primary Suite, plus a lower-level family room with private entrance & in-unit laundry. This unit currently rents for $3,400 per month & includes exclusive use of the oversized two-car garage, enhancing both appeal & revenue potential. Units 2 & 3 have updated kitchens & baths completed within the past decade or so & are occupied by long-term tenants, providing stable, predictable income. All units have separate utilities. This is an efficient setup that keeps operating costs manageable. With strong existing rents, solid tenant history, and opportunities for future value growth, this property would be a strategic addition to any investment portfolio.
Mount Hood
3 Hunnewell St, Melrose MA 02176
Melrose, MA 02176
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 12/30/2025 | 🏠 Listed for Sale | $1,375,000 | - | - | Original listing |
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