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$900,000
Total Beds: 6 Total Baths: 2
Total Units: 2 SQFT: 2100
LOT size: 0.09 Acres
7 Park St
Melrose, MA 02176
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Property Description

Exceptional opportunity to own a well-maintained two-family home offering approximately 2,100 sq ft of living space. This versatile property features a total of 6 bedrooms and 2 full bathrooms across two units. The first-floor unit offers comfortable living space with direct access to a private brick patio—perfect for outdoor dining or relaxing. The second-floor unit features a deck located just off the kitchen, creating an ideal setting to enjoy your morning coffee or unwind at the end of the day. Each units has 2 dedicated parking spaces (4 total) & in-unit laundry. Whether you’re an investor seeking a property with strong rental history or an owner-occupant looking to offset your mortgage with additional income, this property provides outstanding flexibility (unit 1 will be delivered vacant). Conveniently located near downtown Melrose, Oak Grove Station, restaurants, shops, and parks. Tenants pay own electric and gas.

Property Details

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 2
  • Amenities: Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court
  • Basement Features: Interior Access, Unfinished Basement
  • Common Rooms: Kitchen, Living Room, Mudroom
  • Common Interior Features: Bathroom With Tub, Pantry, Stone/Granite/Solid Counters, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Common Heating: Electric, Forced Air, Forced Air, Oil, Space Heater

Financial

  • APOD Available: Yes
  • Gross Operating Income: 30600
  • Net Operating Income: 30600

Utilities

  • Electric Info: 110 Volts, Circuit Breakers, On-Site, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

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

Construction

  • Year Built: 1880
  • Type: 2 Family - 2 Units Up/Down
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73536996
  • Last Updated: 06/23/26
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Prescott White, Commonwealth Properties Residential, LLC
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 2026-06-23 16:59:00

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