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11 Days on Jacob Realty
6
$1,599,000
Total Beds: 8 Total Baths: 4
Total Units: 4 SQFT: 4590
LOT size: 0.18 Acres
46-48 Cleveland St
Melrose, MA 02176
View Map

Property Description

A rare opportunity to acquire a four-family property in a high-demand area, offering unparalleled income potential and long-term value. Situated on one of Melrose's beautiful tree-lined residential streets. Each spacious unit features 2 bedrooms, 1 full bath, hardwood floors throughout, private rear balconies, off street parking and w/d hookups available in 2,255 sq ft basement with updated furnaces, roof and windows.Located just minutes from downtown Melrose with vibrant shops and restaurants, top-rated public schools, scenic hiking trails, and the MBTA/commuter rail, putting Boston just 7 miles away with easy access to routes 1 and 93. Whether you're an investor seeking strong rental income or a buyer looking to live in one unit while the others work for you, this property delivers on every level.

Property Details

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, Tennis Court, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Slab
  • Common Rooms: Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom With Tub, Ceiling Fans, Programmable Thermostat
  • Common Appliances: Dishwasher, Microwave, Range, Vent Hood, Washer Hookup
  • Common Heating: Extra Flue, Forced Air, Gas, Geothermal Heat Source, Heat Pump, Individual, Oil, Oil

Financial

  • APOD Available: No

Utilities

  • Energy Features: Insulated Windows, Prog. Thermostat
  • Utility Connections: Varies per Unit, Washer Hookup, for Electric Oven, for Electric Range, for Gas Dryer, for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 4 Family
  • Foundation Info: Concrete Block
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73558870
  • Last Updated: 08/13/26

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Map

Seller's Representative: Derek Greene, The Greene 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 2026-08-13 16:16:00

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