Melrose MA Multi-Family

According to Realtor.com, Melrose was THE most desirable city in the entire United States in 2015. Relative affordability for first-time homebuyers, a very walk-able & thriving downtown lined with wonderful boutique stores & gourmet restaurants, high-ranking school districts and a close commute to Boston and Cambridge are all factors that have this city of about 28,000 residents agreeing with that designation. 

In addition to it's quick commute to Boston via car or commuter rail train, Melrose enjoys a short drive to the coastal towns on the North Shore. Melrose also enjoys it's green space, as it's one of the communities that abuts the Middlesex Fells Reservation, with miles of biking, hiking, climbing, fishing and other nature activities. 

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536 Lebanon Street Melrose MA 02176

Melrose, MA536 Lebanon Street

Price$919,000

Est. Mortgage: $/month

MLS Number 72759020

  • Multi-Family 2 Family - 2 Units Up/Down
  • Total Parking Spaces 20
  • Year Built 1855
  • Bathroom 2
  • Full Bath 1

Fantastic Mix-Use opportunity for a small firm to re-locate to Melrose MA. Consistently voted one of the top towns in MA. Located directly across from Melrose/Wakefield Hospital and an easy walk to downtown and Commuter Rail. First floor office suite is perfect for Doctor/Dentist/Accountant/Lawyer/Real Estate firm. Handicap accessible first floor features includes 3 private office spaces, kitchenette, 1/2 bath and reception area, also a finished basement area that could be additional space. Was used as a medical office space in the past but could be perfect for any number of professions. Short walk to Commuter Rail to North Station. Ample parking in rear of building. Second floor 2Bed/1Bath residential unit provides additional income to help reduce expenses. Currently rent to long term tenants at $2100/month. Expansion opportunity into third floor attic space for a duplex unit. Possible condo conversion opportunity with basement and attic being partially finished. Two duplex unit

Listed by John McMillan of RE/MAX Unlimited

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Federal 30-year interest rate: 2.96% last updated on May 6, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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