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14-16 Emerson Pl, Melrose MA 02176

Melrose, MA 02176
$1,050,000
Est. $5,589/month
7
Beds
3
Baths
3,741
Sq Ft
$281
Price/Sq Ft
0.11
Acres
1880
Year Built
3 Family
Type
54
Days on Market
Closed Listed Sep 27, 2025 • MLS# 73191963

About this home

A rare investment opportunity! This 3 family home is located in a convenient neighborhood. Easy access to different transportation options and close to all the amenities. This spacious 3 unit multifamily home offers 7 bedrooms and 3 bathrooms over 3741 sqft. While you can live in one unit and rent out the others. The rental income can help to cover your mortgage. The Basement is large and neat offers plenty of space. Coin-operated laundry is in the basement. Unit 1 (lease ended 7/31/24) tenants would love to stay. Unit 2 (lease ended 1/31/24) & Unit 3 (TAW) will be delivered vacant at closing. OH Sat (3/2) 3:30-5pm; Sun (3/3) 11:30-1pm. ****Only unit 1 and unit 3 will be shown at OH****

Sale Statistics

Sale Overview
Original List Price: $989,900
Final Sale Price: $1,050,000
Difference: +$60,100 (+6.1%)
Performance Metrics
106.1%
List to Sale Ratio
Sold above asking price
54
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $265
Sale $/sq ft: $281
This property sold for $281 per square foot
Sale Summary

This property sold for 6.1% above the original asking price, indicating strong buyer demand.

The property spent 54 days on market before selling.

Facts & Features

Property Overview

Property Type
3 Family
Property Category
Residential Income
Year Built
1880
Bedrooms
7
Full Bathrooms
3
Living Area
3,741 sq ft
Total Rooms
15
Stories
4
Levels
4

Interior Features

Flooring
Tile, Laminate, Hardwood
Heating
Natural Gas, Oil
Has Heating
Yes
Has Fireplace
Yes
Number of Fireplaces
2
Appliances
Washer, Dryer, Range, Dishwasher, Disposal, Refrigerator
Interior Features
Laundry Room, Living Room, Dining Room, Kitchen
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Unfinished

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Exterior Features
Balcony
Patio/Porch Features
Porch
Fencing
Fenced
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.11 acres
Lot Size
4,922 sq ft
Lot Size Area
0.1100
Lot Features
Level

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
5
Parking Features
Paved Drive

Utilities & Systems

Utilities Available
for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
100 Amp Service

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Private School, Public School, T-Station
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$7,094
Tax Year
2023
Tax Assessed Value
$680,800
Parcel Number
M:0C8 P:0000025,654170
Zoning
URB

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Seller provided listing info. Buyers and buyer's agent must verify all information and perform their own due diligence.
Exclusions
Tenants' Properties.

Location

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Neighborhood

14-16 Emerson Pl, Melrose MA 02176

Melrose, MA 02176

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $591
Homeowners Insurance $200
PMI $0

Property History

Market Insights

5.7%
Price Range
9
Total Days on Market

Property Timeline

✓
Sold
Mar 25, 2024
$1,050,000
Property sold
Days on Market: 9
🏠
Listed for Sale
Jan 9, 2024
$989,900
Original listing
Office: Thread Real Estate, LLC

Price & Status History

Date Event Price Change
Jan 9, 2024 New Listing Added $989,900 —

Market Statistics

Days on Market
54 days
Price per Sq Ft
$281

Tax History

Year Taxes Assessment
2023 $7,094 $680,800

Financial Details

Annual Property Tax
$7,094
Tax Year 2023
Assessed Value
$680,800

Listing Information

Listing Agent Joey Cheung
Listing Office Thread Real Estate, LLC
Agent MLS ID CN228486
Office MLS ID BB5675

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