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46 Oakland Street, Melrose MA 02176

Melrose, MA 02176 • Fells
$1,050,000
Est. $6,202/month
6
Beds
2
Baths
2,600
Sq Ft
$404
Price/Sq Ft
0.24
Acres
1900
Year Built
3
Parking
2 hours 14 minutes
Time on Market
Active Listed Jul 15, 2026 • MLS# 73550011 Copied! • Updated Jul 15, 2026

About this home

Elevate your lifestyle in this stunning hilltop retreat! Perched high above the street, this spacious two-family home offers incredible views and a serene escape from the everyday. Inside, you'll find a perfect blend of timeless character and modern updates, featuring gorgeous natural woodwork, beamed ceilings, and sleek, updated eat-in kitchens. With separate updated utilities and off-street parking, every convenience is covered. Set on an expansive 10,000+ square foot lot, the property invites you to relax on the shared patio and soak in the summer breeze. The location is a commuter's dream-leave the car at home and catch the train to Boston just three blocks away. The weekly Farmers Market ay Bowden Park is just around the corner. Grab a latte at the Bohemian Coffee House or take a short stroll to the heart of downtown Melrose to explore trendy boutiques, vibrant eateries, Shaw's Super Market and top-tier fitness studios. Whole Foods is also nearby. Great for OO or investment.

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jul 15, 2026
$1,050,000
Original listing
Agent: Lisa Howitt Office: Compass

Tax History

Year Taxes Assessment
2025 $8,315 $839,900

Financial Details

Annual Property Tax
$8,315
Tax Year 2025
Assessed Value
$839,900

Facts & Features

Home Facts

Type Residential Income
Style Multi Family
Year Built 1900
Living Area 2,600 sq ft
Lot Size 0.24 acres
Bedrooms 6
Full Baths 2
Total Rooms 12

Investment Metrics

Units 2
Unit 1 Rent $2,880/mo · N
Unit 2 Rent $2,900/mo · N
Total Monthly Rent $5,780/mo
Gross Income $69,360
Net Operating Income $69,360
Cap Rate 6.61%
Heating Baseboard, Natural Gas
Cooling None
Flooring Wood, Tile, Hardwood
Appliances Range, Dishwasher, Microwave
Fireplace None
Fireplaces 2
Basement Full, Walk-out Access, Interior Entry, Concrete, Unfinished
Laundry Gas Dryer Hookup, Washer Hookup
Features Walk-up Attic, Pantry, Storage, Crown Molding, Bathroom With Tub & Shower, Open Floorplan, Internet Available - Unknown, Stone/granite/solid Counters, Living Room, Dining Room, Kitchen, Sunroom
Construction Frame
Architecture None
Roof Shingle
Features Stone Wall
Pool None
Spa None
Fencing None
Patio/Porch Porch, Enclosed, Patio
Features Paved Drive, Off Street, Paved
Total Spaces 3
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven, For Gas Dryer, Washer Hookup

Financial

Annual Tax $8,315
Assessed Value $839,900
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Accompanied Group Showing By Appointment Only. Showings For Tenants Unit Require 24 Hours Notice And The Available Dates Are 7/16-5:30-6:00 And 7/18 11;30-1:00.letters Of Lead Compliance For Both Units. Submit Offers Tuesday 7/21 At 12:00 And Allow 48 Hours For Reply. Send To La In One Pdf
Possession None
Accepted Financing None
Structure Type []
House Color Brown
Sq Ft Source Public Record
Sq Ft Disclosures One bedroom on each floor has no closet
Documents None
County Middlesex

Property Overview

Property Type
Multi Family
Listing Type
For Sale
Year Built
1900
Bedrooms
6
Full Bathrooms
2
Living Area
2,600 sq ft
Total Rooms
12
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: Wood, Tile, Hardwood
Appliances: Range, Dishwasher, Microwave
Interior Features: Walk-Up Attic, Pantry, Storage, Crown Molding, Bathroom With Tub & Shower, Open Floorplan, Internet Available - Unknown, Stone/Granite/Solid Counters, Living Room, Dining Room, Kitchen, Sunroom
Windows:
Basement: Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
Laundry: Gas Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone
Stories: 2

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Heating Zones: 2
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Stone Wall
Patio & Porch: Porch, Enclosed, Patio
Fencing:
Other Structures:
Lot Features:
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 3
Parking Features: Paved Drive, Off Street, Paved

Special Features

Fireplaces: 2
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, Sidewalks
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
Roosevelt School
0.4 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
St. Mary Elementary School
0.6 mi
Grades PK-08
A
Lincoln School
0.6 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
M

Middle Schools

3 schools
A-
Melrose Middle School
0.5 mi | #92 of 352 | Score: 50.4
Improved 6 spots from last year
-7.8 below state avg
886 students Moderate
Grades 06-08
B+
Stoneham Central Middle School
2.0 mi | #132 of 352 | Score: 46.3
Dropped 33 spots from last year
-11.9 below state avg
689 students Moderate
Grades 05-08
C+
Saugus Middle School
2.6 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
A-
Stoneham High School
1.1 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
2.4 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
C
Saugus High School
2.6 mi | #260 of 346 | Score: 45.6
Improved 8 spots from last year
-12.6 below state avg
744 students Diverse
17 sports • 972 athletes
College Ready Curriculum Strong Athletics Diverse Student Body
Grades 09-12
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $693
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal 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

Fells

46 Oakland Street, Melrose MA 02176

Melrose, MA 02176

Listing Information

Listing Agent Lisa Howitt
Listing Office Compass
Office Phone 617-206-3333
Agent MLS ID B0483875
Office MLS ID AN2383
Listing Data Updated Jul 15, 2026 11:21 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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