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$1,375,000
Total Beds: 7 Total Baths: 4
Total Units: 3 SQFT: 3964
LOT size: 0.30 Acres
3 Hunnewell St
Melrose, MA 02176
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Property Description

This well-positioned 3 family in Melrose represents a strong investment opportunity with immediate income & long-term upside. Set on an expansive 13k sq ft lot, the property offers exceptional parking capacity & outdoor space—an increasingly rare advantage in this market. Unit 1 delivers a desirable three bedrooms, including a Primary Suite, plus a lower-level family room with private entrance & in-unit laundry. This unit currently rents for $3,400 per month & includes exclusive use of the oversized two-car garage, enhancing both appeal & revenue potential. Units 2 & 3 have updated kitchens & baths completed within the past decade or so & are occupied by long-term tenants, providing stable, predictable income. All units have separate utilities. This is an efficient setup that keeps operating costs manageable. With strong existing rents, solid tenant history, and opportunities for future value growth, this property would be a strategic addition to any investment portfolio.

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 4
  • Total Bedrooms: 7
  • Total Full Baths: 4
  • Basement Features: Full, Interior Access, Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: No
  • Gross Operating Income: 88800
  • Net Operating Income: 88800

Utilities

  • Heat Zones: 4
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Irregular, Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73464224
  • Last Updated: 12/31/25

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Map

Seller's Representative: Dale Brousseau, Trinity Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-12-31 03:30:00