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$1,199,000
Total Beds: 5 Total Baths: 3
Total Units: 2 SQFT: 2950
LOT size: 0.27 Acres
381 Washington St
Melrose, MA 02176
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Property Description

Two-family beauty! This home is an exceptional opportunity for owner-occupants, investors, or multigenerational living. The 2-story upper unit lives like a single featuring a light-filled primary suite, large home office or studio, & expansive views. Fully renovated over the past decade, including professional design and modern finishes. Each unit has its own private deck overlooking the landscaped, tree-lined yard as well as access to an enclosed shared front porch. Owned solar panels provide added efficiency & energy savings. Outside, enjoy a rare, large fenced-in yard, 2-car garage & additional rear parking. Close to downtown Melrose, commuter rail, Oak Grove orange line, I-93, & the Middlesex Fells, offering a seamless blend of nature, convenience, & access to Boston. A rare opportunity to own a turnkey multi with both lifestyle appeal & strong investment upside, making this an ideal setup to offset your mortgage or build long-term wealth with confidence.

Property Details

Building Information

  • Total Units: 2
  • Total Floors: 4
  • Total Bedrooms: 5
  • Total Full Baths: 3
  • Total Fireplaces: 1
  • Amenities: Conservation Area, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, Tennis Court, Walk/Jog Trails
  • Basement Features: Full, Partially Finished
  • Common Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Crown Molding, Lead Certification Available, Pantry, Storage, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Common Heating: Central Heat, Electric, Extra Flue, Gas, Heat Pump
  • Common Cooling: Heat Pump, None

Financial

  • APOD Available: No
  • Gross Operating Income: 81600
  • Net Operating Income: 81600

Utilities

  • Heat Zones: 4
  • Cooling Zones: 1
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Doors, Insulated Windows
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Gas, Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1922
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Certified Treated, Unknown
  • Warranty: No

Other Information

  • MLS ID# 73495933
  • Last Updated: 04/08/26
  • Terms: Contract for Deed, Rent w/Option

Mortgage Calculator

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Map

Seller's Representative: Susan Gormady Group, Classified Realty Group
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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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-04-08 11:40:00

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