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Home Massachusetts Boston Commercial Properties

3-5 E Foster St Melrose, MA 02176
Contingent
10
$1,450,000
N/A Beds N/A Baths
HOA
N/A
LOT size: 0.05 Acres
SQFT
4497
3-5 E Foster St
Melrose, MA 02176
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Property Description

Classic Victorian mixed-use building in the heart of downtown Melrose, just steps to shops, restaurants, commuter rail, and bus lines. This well-maintained and highly admired property features four residential units and two commercial spaces with excellent street frontage and visibility. All units are fully rented, generating high, consistent operating income. The building has seen numerous updates, including renovated kitchens and baths in select units, updated flooring, newer water heaters, and a new chimney liner, offering both charm and modern reliability. With ample nearby public parking and a prime location in a vibrant downtown setting, this is a rare opportunity for investors seeking a turnkey property with solid income and long-term upside.
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Property Details

Property Information

  • Type: Commercial
  • Location: Legal Conforming
  • MLS ID#: 73490896

Financial

  • Gross Annual Expenses: 29025
  • Gross Annual Income: 130800
  • Net Operating Income: 101775

Building Information

  • Total SQFT: 4497
  • Total Restrooms: 6

Construction & Utilities

  • Utilities: Natural Gas, Public Sewer, Public Water

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Map

Seller's Representative: Lesley Smith, Barrett Sotheby's International Realty
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 2026-03-24 14:20:00