121 Myrtle St, Melrose MA 02176

Melrose, MA 02176
$930,000
Est. $4,950/month
4
Beds
2
Baths
2,333
Sq Ft
$399
Price/Sq Ft
0.16
Acres
1850
Year Built
Multi Family
Type
5
Days on Market
Closed Listed Sep 27, 2025 • MLS# 73396346

About this home

Rare Melrose Two-Family property in a prime downtown location close to Melrose Center, the Cedar Park Commuter rail and the Orange Line, schools, shops and restaurants. Great opportunity to break into the Melrose market- live in one unit and rent the other or house your extended family. A classic entry leads you to two spacious apartments with five rooms each. Both apartments have 2 generous bedrooms. The first floor has a separate dining room. The upstairs kitchen is "eat-in." The upper unit has additional space on the top floor. Kitchens and baths are older but very functional. A direct-entry garage and ample driveway parking. A large, fully fenced and private back yard with mature plantings, flowering plants and patio create an oasis surrounded by greenery and yet you are minutes from downtown. Newer roof (2023). The updated gas-fired, high efficiency heat/hot water system is common to both units. This home is ready for its next chapter and will be delivered vacant.

Sale Statistics

Sale Overview
Original List Price: $875,000
Final Sale Price: $930,000
Difference: +$55,000 (+6.3%)
Performance Metrics
106.3%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $375
Sale $/sq ft: $399
This property sold for $399 per square foot
Sale Summary

This property sold for 6.3% above the original asking price, indicating strong buyer demand.

With only 5 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Multi Family
Property Category
Residential Income
Year Built
1850
Bedrooms
4
Full Bathrooms
2
Living Area
2,333 sq ft
Total Rooms
10
Stories
3
Levels
3

Interior Features

Flooring
Hardwood
Has Fireplace
No
Basement Details
Full, Interior Entry, Garage Access, Concrete
Window Features
Insulated Windows

Exterior & Structure

Roof
Shingle
Foundation
Stone
Exterior Features
Rain Gutters, Garden
Patio/Porch Features
Enclosed, Patio
Fencing
Fenced
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.16 acres
Lot Size
6,808 sq ft
Lot Size Area
0.1600
Lot Features
Level
Road Frontage Type
Public

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Total Non-Garage Parking Spaces
3
Parking Features
Paved Drive, Off Street
Covered Parking Spaces
1

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, Individually Metered

Community & HOA

Community Features
Public Transportation, Shopping, T-Station
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$7,085
Tax Year
2025
Tax Assessed Value
$715,700
Parcel Number
M:0C8 P:0000126,654264
Zoning
URD

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
The high efficiency heating/hot water system are shared by both units with separate zones. The electric is separately metered with a common meter, as well.

Location

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Neighborhood

121 Myrtle St, 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 $590
Homeowners Insurance $200
PMI $0

Property History

Market Insights

5.9%
Price Range
6
Total Days on Market

Property Timeline

Sold
Aug 6, 2025
$930,000
Property sold
Days on Market: 6
🏠
Listed for Sale
Jun 25, 2025
$875,000
Original listing
Agent: Bill Aibel Office: Coldwell Banker Realty - Cambridge

Price & Status History

Date Event Price Change
Jun 25, 2025 New Listing Added $875,000

Market Statistics

Days on Market
5 days
Price per Sq Ft
$399

Tax History

Year Taxes Assessment
2025 $7,085 $715,700

Financial Details

Annual Property Tax
$7,085
Tax Year 2025
Assessed Value
$715,700

Listing Information

Listing Agent Bill Aibel
Listing Office Coldwell Banker Realty - Cambridge
Agent MLS ID BB923756
Office MLS ID AN6200

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