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Rarely does a stabilized four-family come to market with this combination of location, income, and upside. Positioned steps from Cedar Park and the commuter rail, this well-maintained asset delivers immediate cash flow with a clear value-add runway. The building offers 4,154 sq ft across four fully occupied units: three identical 1-bed/1-bath apartments and one, two-level 3-bed/1-bath renovated within the last year. The total rent income is $8,925/month, major systems have been upgraded and utilities separated out to each unit. Cosmetic upgrades for the two, first floor units present a straightforward path to bring rents to market upon turnover. Four off-street parking spaces, coin-op laundry, and consistent capital improvements over the past decade round out a compelling profile. For the long-term holder or condo converter, this is the kind of north-of-Boston multifamily with lots of potentials hard to overlook.

More Info

Basic Information

  • Gross Income $107,400
  • Lot Features Gentle Sloping
  • Mls StatusNew
  • Parcel Number B8065,653258
  • Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $965,900
  • Tax Year 2025
  • Taxes$11,079

School Information

  • High SchoolMelrose
  • High School Melrose High

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces4

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms7
  • Full Bath4

Basic Information

  • List Price$1,585,000
  • MLS Number73530094
  • Modification Date06/04/2026
  • Property SubType4 Family

Location

  • Address18-20 North High Street
  • Building Number18-20
  • CountyMiddlesex
  • StateMA
  • StreetNorth High Street
  • TownMelrose
  • Zip02176

Building

  • BasementPartial, Walk-Out Access, Concrete, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Frame, Stone
  • FoundationStone
  • Levels 5
  • Patio And Porch Features Deck, Deck - Wood
  • Rooms17
  • Stories5
  • Units4
  • Window Features Box/Bay/Bow Window(s)
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.11

Interior

  • Flooring Hardwood
  • Interior Features
    • Bathroom With Tub & Shower
    • Kitchen
    • Living Room
    • Pantry
    • Remodeled
    • Storage

Exterior

  • RoofShingle

Utilities

  • Heat SystemYes
  • Heating Baseboard, Natural Gas, Unit Control
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 4,154
  • Lot Size Square Feet 4,752
  • Lot Size Units Acres
  • Square Feet4,154

Amenities

  • Amenities
    • Conservation Area
    • Laundromat
    • Medical Facility
    • Park
    • Pool
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • Tennis Court(s)
  • Appliances IncludedRange, Disposal, Refrigerator, Range Hood, Dishwasher
  • Other AmenitiesBasement, Tennis

Legal

  • ZoningURA

Other

  • Date Listed06/04/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Jill Plank Butler of Newell Realty

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