381 Washington St, Melrose MA 02176

Melrose, MA 02176

$1,199,000

Est. $6,932/month

5

Beds

3

Baths

2,950

Sq Ft

$406

Price/Sq Ft

0.27

Acres

1922

Year Built

Multi Family

Type

4 hours 21 minutes

Time on Market

Active Open House Listed Apr 8, 2026 • MLS# 73495933 Copied!

About this home

Two-family beauty! This home is an exceptional opportunity for owner-occupants, investors, or multigenerational living. The 2-story upper unit lives like a single featuring a light-filled primary suite, large home office or studio, & expansive views. Fully renovated over the past decade, including professional design and modern finishes. Each unit has its own private deck overlooking the landscaped, tree-lined yard as well as access to an enclosed shared front porch. Owned solar panels provide added efficiency & energy savings. Outside, enjoy a rare, large fenced-in yard, 2-car garage & additional rear parking. Close to downtown Melrose, commuter rail, Oak Grove orange line, I-93, & the Middlesex Fells, offering a seamless blend of nature, convenience, & access to Boston. A rare opportunity to own a turnkey multi with both lifestyle appeal & strong investment upside, making this an ideal setup to offset your mortgage or build long-term wealth with confidence.

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Property Overview

Property Type

Multi Family

Listing Type

For Sale

Year Built

1922

Bedrooms

5

Full Bathrooms

3

Living Area

2,950 sq ft

Total Rooms

14

Stories

4

Levels

4

Open House Schedule

11

Apr

Saturday, April 11

11:30 AM - 1:00 PM EDT

12

Apr

Sunday, April 12

11:30 AM - 1:00 PM EDT

09

Apr

Thursday, April 9

10:30 AM - 12:00 PM EDT

13

Apr

Monday, April 13

4:30 PM - 6:00 PM EDT

Facts & Features

2 Car Garage

Home Facts

Type Residential Income

Style Multi Family

Year Built 1922

Living Area 2,950 sq ft

Lot Size 0.27 acres

Bedrooms 5

Full Baths 3

Total Rooms 14

Interior

Heating Central, Natural Gas

Cooling None, Heat Pump, Ductless

Flooring Tile, Hardwood, Stone/ceramic Tile

Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Disposal

Fireplace None

Fireplaces 1

Basement Full, Partially Finished

Laundry None

Features Ceiling Fan(s), Pantry, Lead Certification Available, Storage, Upgraded Cabinets, Upgraded Countertops, Remodeled, Crown Molding, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Laundry Room, Office/den

Exterior

Construction Frame

Architecture None

Roof Shingle

Features Balcony/deck, Rain Gutters, Professional Landscaping, Fruit Trees

Pool None

Spa None

Fencing None

Patio/Porch Enclosed, Deck - Wood, Patio

Parking

Garage Spaces 2

Has Garage Yes

Features Paved Drive, Off Street, Driveway

Total Spaces 8

Utilities

Electric Circuit Breakers

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax $8,025

Assessed Value $810,600

Interior Features

Flooring: Tile, Hardwood, Stone/Ceramic Tile

Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Disposal

Interior Features: Ceiling Fan(s), Pantry, Lead Certification Available, Storage, Upgraded Cabinets, Upgraded Countertops, Remodeled, Crown Molding, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Laundry Room, Office/Den

Windows: Insulated Windows

Basement: Full, Partially Finished

Laundry:

Security:

Construction & Materials

Year Built: 1922

Structure Type:

Exterior Materials: Frame

Roof: Shingle

Foundation: Block

Stories: 4

Heating, Cooling & Utilities

Heating: Central, Natural Gas

Heating Zones: 4

Cooling: None, Heat Pump, Ductless

Cooling Zones: 1

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Balcony/Deck, Rain Gutters, Professional Landscaping, Fruit Trees

Patio & Porch: Enclosed, Deck - Wood, Patio

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Garage Spaces: 2

Total Parking Spaces: 8

Parking Features: Paved Drive, Off Street, Driveway

Special Features

Fireplaces: 1

Fireplace Type:

Community Amenities: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School, T-Station

Location

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Neighborhood

381 Washington St, Melrose MA 02176

Melrose, MA 02176

Walkability

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Nearby Schools

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

0.5 mi

Grades PK-08

A

Roosevelt School

1.0 mi | #124 of 824 | Score: 57.9

Improved 100 spots from last year

-0.4 below state avg

406 students Moderate

Rising School Strong Attendance

Grades K-05

M

Middle Schools

1 school

A-

Melrose Middle School

1.0 mi | #92 of 352 | Score: 50.4

Improved 6 spots from last year

-7.8 below state avg

886 students Moderate

Grades 06-08

H

High Schools

2 schools

A-

Stoneham High School

1.5 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

C+

Malden High School

1.9 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

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Year 1

95% Interest

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Property History

Property Timeline

🏠

Listed for Sale

Apr 8, 2026

$1,199,000

Original listing

Agent: Susan Gormady Group Office: Classified Realty Group

Date	Event	Price	Change	$/sqft	Details
04/08/2026	🏠 Listed for Sale	$1,199,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Apr 8, 2026	New Listing Added	$1,199,000	—

Market Statistics

Time on Market

4 hours 21 minutes

Price per Sq Ft

$406

Tax History

Year	Taxes	Assessment
2025	$8,025	$810,600

Financial Details

Annual Property Tax

$8,025

Tax Year 2025

Assessed Value

$810,600

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High Schools

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381 Washington St, Melrose MA 02176

About this home

Property Overview

Open House Schedule

Facts & Features

Home Facts

Interior

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Parking

Utilities

Financial

Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Special Features

Location

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Nearby Schools

Elementary Schools

Middle Schools

High Schools

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