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$ 1,450,000
Est. payment /mo
Pending
3-5 E Foster St Melrose, MA 02176
4,497 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 4,497 sqft
Price per Sqft $322
MLS Listing ID 73490896
HOA Y/N false
Year Built 1860
Annual Tax Amount $24,381
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Property Description
Classic Victorian mixed-use building in the heart of downtown Melrose, just steps to shops, restaurants, commuter rail, and bus lines. This well-maintained and highly admired property features four residential units and two commercial spaces with excellent street frontage and visibility. All units are fully rented, generating high, consistent operating income. The building has seen numerous updates, including renovated kitchens and baths in select units, updated flooring, newer water heaters, and a new chimney liner, offering both charm and modern reliability. With ample nearby public parking and a prime location in a vibrant downtown setting, this is a rare opportunity for investors seeking a turnkey property with solid income and long-term upside.
Location
State MA
County Middlesex
Zoning BA1
Direction off of Main St near the YMCA
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Others
Senior Community false
Listed by Barrett Sotheby's International Realty