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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

Tax Information

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

Parking

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

Rooms

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

Basic Information

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

Location

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

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

Property

  • Acreage0.18

Interior

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

Exterior

  • Exterior Features Balcony/Deck
  • RoofShingle

Utilities

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

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

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

Legal

  • ZoningURA

Other

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

Map Location

Driving Directions

Listed by Derek Greene of The Greene Realty Group

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