Condominium at 5 Melbourne St # 2, Boston MA 02124, Boston
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26 photos

$240,000

5 Melbourne St # 2, Boston MA 02124
Boston, MA 02124
Listed by Shawn Burgess
Bedrooms
2
Bathrooms
1
Living area
641 sqft
Year built
1962

About this home

Come and see this exceptional value! This 2-bedroom, 1-bathroom condo offers an excellent opportunity for both homeowners and investors seeking value in Boston. Recent updates include fresh paint and new luxury vinyl flooring. Ideally located near the Shawmut Red Line MBTA Station and Rev. Loesch Park, this property provides easy access to Downtown Boston, UMass Boston, and everything this great city has to offer. Whether you're looking to make Boston your home or seeking an investment opportunity, this condo is worth a look. Property may not qualify for conventional financing; buyers are encouraged to explore alternative financing options and conduct their own due diligence.

Property details

MLS #
73585363
Property type
Condominium
Subdivision
N/A
Status
Active
Days on market
1
On market date
October 1, 2026
Stories
1
Total bathrooms
1
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.01 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Dr. William Henderson Lower
0.26 mi away · Grades -1-1
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
202
Student:teacher ratio
10.6:1
District
Boston
MiddleCharter
Helen Y. Davis Leadership Academy Charter Public School
0.77 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
138
Student:teacher ratio
6.9:1
District
Helen Y. Davis Leadership Academy Charter Public (District)
High
TechBoston Academy
0.66 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
888
Student:teacher ratio
11.2:1
District
Boston

Walkability

Blended score for Boston's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

84
Highly walkable
out of 100
EPA National Walkability Index
14.5 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies4

Market position

How this listing compares to current activity in Boston, from live MLS data.

On the market 1 days -- 115 fewer days than Boston's current average of 116 days.
For reference, the median list price across 8,329 active listings in Boston right now is $24,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$1,595/mo
$48,000 down
$192,000 loan
Principal & interest$1,245
Property tax (est.)$200
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 16 hr ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.