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A rare opportunity to acquire a four-family property in a high-demand area, offering unparalleled income potential and long-term value. Situated on one of Melrose's beautiful tree-lined residential streets. Each spacious unit features 2 bedrooms, 1 full bath, hardwood floors throughout, private rear balconies, off street parking and w/d hookups available in 2,255 sq ft basement with updated furnaces, roof and windows.Located just minutes from downtown Melrose with vibrant shops and restaurants, top-rated public schools, scenic hiking trails, and the MBTA/commuter rail, putting Boston just 7 miles away with easy access to routes 1 and 93. Whether you're an investor seeking strong rental income or a buyer looking to live in one unit while the others work for you, this property delivers on every level.

More Info

Basic Information

  • Lot Features Level
  • Mls StatusNew
  • Parcel Number M:0B7 P:0000004,653069
  • Road Frontage DescriptionPaved

Location

  • Address46-48 Cleveland Street
  • Building Number46-48
  • CountyMiddlesex
  • StateMA
  • StreetCleveland Street
  • TownMelrose
  • Zip02176

Exterior

  • Exterior Features Balcony/Deck
  • RoofShingle

Utilities

  • Heat SystemYes
  • Heating Forced Air, Natural Gas, Individual, Unit Control
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Amenities
    • Bike Path
    • Conservation Area
    • Golf
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • Sidewalks
    • T-Station
    • Tennis Court(s)
    • Walk/Jog Trails
  • Appliances IncludedRange, Dishwasher, Microwave, Range Hood
  • Green Energy Efficient Thermostat
  • Other AmenitiesBasement, Golf, Tennis

Tax Information

  • Tax Assessed Value $1,011,700
  • Tax Year 2025
  • Taxes$10,016

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms8
  • Full Bath4

Building

  • BasementFull, Interior Entry, Concrete, Slab
  • Building Area Units Square Feet
  • FoundationBlock
  • Levels 4
  • Rooms18
  • Stories4
  • Units4
  • Utilities
    • For Electric Oven
    • For Electric Range
    • For Gas Dryer
    • For Gas Oven
    • For Gas Range
    • Varies Per Unit
    • Washer Hookup
  • Window Features Insulated Windows
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Parking

  • Open Parking YN Yes
  • Parking Features Off Street, Paved
  • Parking Spaces6

Basic Information

  • List Price$1,599,000
  • MLS Number73558870
  • Modification Date08/05/2026
  • Property SubType4 Family

Property

  • Acreage0.18

Interior

  • Flooring Vinyl, Hardwood
  • Interior Features
    • Bathroom With Tub
    • Ceiling Fan(s)
    • Kitchen
    • Living Room
    • Office/Den
    • Smart Thermostat

Property Information

  • Building Area Source Public Records
  • Living Area 4,590
  • Lot Size Square Feet 7,937
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet4,590

Other

  • Date Listed08/04/2026
  • Farm Land Area Units Square Feet

Map Location

Listed by Derek Greene of The Greene Realty Group

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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