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Investor and owner-occupant opportunity in the heart of Melrose! Well-maintained 4-family property offering strong income potential and flexible living arrangements. This spacious multi-unit building features 9 bedrooms and 4 full baths across approximately 3,519 sq ft of living space. Units offer functional layouts with bright living areas, updated kitchens, hardwood/vinyl flooring, and separately metered utilities. Additional highlights include off-street parking, shared laundry, and a full basement for storage. Conveniently located near downtown Melrose shops, restaurants, parks, schools, and public transportation, including the Wyoming Hill commuter rail station for easy access to Boston. Excellent opportunity to expand your investment portfolio or offset your mortgage with rental income in one of Melrose's most desirable neighborhoods

More Info

Basic Information

  • Mls StatusPrice Changed
  • Parcel Number M:0B6 P:0000048,652939

Tax Information

  • Tax Assessed Value $1,153,000
  • Tax Year 2025
  • Taxes$11,415

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces3

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms9
  • Full Bath4

Basic Information

  • List Price$1,395,000
  • MLS Number73521788
  • Modification Date06/08/2026
  • Property SubType4 Family - 4 Units Up/Down

Location

  • Address38-40 Hurd Street
  • Building Number38-40
  • CountyMiddlesex
  • StateMA
  • StreetHurd Street
  • TownMelrose
  • Zip02176

Building

  • BasementFull
  • Building Area Units Square Feet
  • FoundationStone
  • Levels 5
  • Patio And Porch Features Porch
  • Rooms19
  • Stories5
  • Units4
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.09

Exterior

  • Exterior Features Rain Gutters
  • RoofShingle

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,519
  • Lot Size Square Feet 3,803
  • Lot Size Units Acres
  • Square Feet3,519

Amenities

  • Amenities
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • T-Station
    • Walk/Jog Trails
  • Other AmenitiesBasement

Legal

  • ZoningURA

Other

  • Date Listed05/20/2026
  • Farm Land Area Units Square Feet
  • View Count3

Map Location

Driving Directions

Listed by Jonathan Mathews of Legacy Realty Advisors LLC

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