William Ventura
← INNOVATE Real Estate
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 2 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 3 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 4 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 5 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 6 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 7 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 8 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 9 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 10 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 11 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 12 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 13 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 14 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 15 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 16 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 17 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 18 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 19 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 20 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 21 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 22 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 23 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 24 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 25 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 26 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 27 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 28 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 29 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 30 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 31 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 32 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 33 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 34 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 35 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 36 of 37
4 Family at 18-20 North High Street, Melrose MA 02176, Melrose, photo 37 of 37
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
118
On market date
June 4, 2026
Stories
5
Total bathrooms
4
Garage spaces
N/A
Parking spaces
4
Lot size
0.11 acres

Location

Get directions →
Loading map…

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
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, 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).

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

Mortgage calculator

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

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
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

Similar homes you might like

40 Hurd St, Melrose MA 02176
New
$1,295,000
40 Hurd St, Melrose MA 02176
Melrose, 02176
9 bd·4 ba·3,519 sqft
1 day on market
Listed by Jonathan Mathews
46-48 Cleveland St, Melrose MA 02176
$1,599,000
46-48 Cleveland St, Melrose MA 02176
Melrose, 02176
8 bd·4 ba·4,590 sqft
57 days on market
Listed by Derek Greene
174 Green St, Melrose MA 02176
$1,350,000
174 Green St, Melrose MA 02176
Melrose, 02176
0 bd·1.5 ba·7,000 sqft
63 days on market
Listed by Lento + Rivkind Real Estate Team
38 & 40 Hurd St, Melrose MA 02176
$1,295,000
38 & 40 Hurd St, Melrose MA 02176
Melrose, 02176
9 bd·4 ba·3,519 sqft
72 days on market
Listed by Jonathan Mathews
629 Franklin Street, Melrose MA 02176
$1,295,000
629 Franklin Street, Melrose MA 02176
Melrose, 02176
6 bd·3 ba·3,564 sqft
85 days on market
Listed by David Conte

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.