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4 Family at 18-20 North High Street, Melrose MA 02176, Melrose
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37 photos

$1,585,000

18-20 North High Street, Melrose MA 02176
Melrose, MA 02176
Listed by Jill Plank Butler
Bedrooms
7
Bathrooms
4
Living area
4,154 sqft
Year built
1900

About this home

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.

Property details

MLS #
73530094
Property type
4 Family
Subdivision
N/A
Status
Active
Days on market
112
On market date
June 4, 2026
Stories
5
Total bathrooms
4
Garage spaces
N/A
Parking spaces
4
Lot size
0.11 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Lincoln
0.38 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
404
Student:teacher ratio
12.2:1
District
Melrose
Middle
Melrose Middle
0.5 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
844
Student:teacher ratio
14.3:1
District
Melrose
High
Melrose High
0.53 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
923
Student:teacher ratio
13.4:1
District
Melrose

Walkability

Blended score for Melrose's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

82
Highly walkable
out of 100
EPA National Walkability Index
13.8 / 20 -- Above average walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores8
Parks20
Schools18
Transit stops20
Pharmacies5

Mortgage calculator

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Est. monthly payment
$9,695/mo
$317,000 down
$1,268,000 loan
Principal & interest$8,224
Property tax (est.)$1,321
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 8, 2026.

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.