HomeMelrose2 Family - 2 Units Up/Down22 E Emerson St, Melrose MA 02176
22 E Emerson St, Melrose MA 02176 — photo 1 of 301 / 30
$1,199,000
22 E Emerson St, Melrose MA 02176
2 units · 7 bd · 3 ba · 3,530 sqft · $599,500/unit
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INVESTMENT SNAPSHOT

Signal Score pending — we haven't seeded market rents for this ZIP (02176) yet.

About this property

Exceptional corner two-family in Melrose’s most desirable East Side! Just a short walk to downtown and commuter rail; minutes from major routes, and steps from Melrose-Wakefield Hospital. This well-maintained home features 3 levels of living space with many recent upgrades and hardwood floor throughout both units. The first-floor unit features a 5-room layout with 2 bedrooms and has been fully renovated including new windows. The second and third floor unit offers a spacious 9 rooms, 5 bedrooms, a living room, dining room, 2 full baths, and new modern kitchen, new paint and new bathroom vanity in second floor. Additional highlights include partially finished basement with newly updated floor, front and rear porches, in unit laundry, and 5 off-street parkings. The property is currently vacant and was previously rented for $5,900/month, with potential for higher rental income. A particularly attractive feature is the valuable BD/Medical/Hospital zoning, offering additional possibilities for qualified buyers. Fantastic opportunity for investors, medical professionals, and owner-occupants. Buyer and buyer’s agent to do their own due diligence.

Property details

Units2
Living area3,530 sqft
Lot size4,927 sqft
Year built1929
Price / sqft$340
CountyMiddlesex
MLS #73574982

Listing status

Days on market0 days
Listed onSeptember 10, 2026

Taxes & financials

Annual property tax$8,058
Tax year2025
Assessed value$813,900
ZoningBD
Gross income (actual)$70,800/yr
Net operating income (actual)$70,800/yr
Total actual rent$5,900/mo

Building & lot

Stories3
Total rooms14
Lot size0.11 acres
Garage spaces0
Parking spaces5
ParkingOff Street
BasementFull, Partially Finished, Walk-Out Access
FoundationConcrete Perimeter
RoofShingle
ConstructionStone
FlooringWood, Tile, Hardwood, Stone/Ceramic Tile

Utilities & systems

HeatingSteam, Natural Gas
CoolingWindow Unit(s)
SewerPublic Sewer
WaterPublic
Utilitiesfor Gas Range
AppliancesRange, Dishwasher, Refrigerator, Washer, Dryer

Location

More about investing in Melrose

Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.

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Questions & answers

Auto-generated from the listing data — richer AI answers coming with the live site.

How many units does 22 E Emerson St, Melrose MA 02176 have?

It is a 2-unit multi-family property with 3,530 sqft of living area, built in 1929.

How long has 22 E Emerson St, Melrose MA 02176 been on the market?

22 E Emerson St, Melrose MA 02176 has been listed for 0 days (since September 10, 2026).

What is the price per unit?

At a list price of $1,199,000 across 2 units, that works out to roughly $599,500 per unit.

What are the property taxes on 22 E Emerson St, Melrose MA 02176?

Annual property taxes are $8,058 (2025), on an assessed value of $813,900.

What is the price per square foot?

At $1,199,000 for 3,530 sqft, that's about $340 per square foot.

Is there parking?

5 total parking spaces (off street).

Where is this property located?

22 E Emerson St, Melrose MA 02176 is in Melrose, Middlesex County, MA 02176.

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Justin Rollo, Broker Associate at Signal Real Estate
Justin RolloBroker Associate, Signal Real Estate · MA Lic. #9534264

Justin Rollo is a Broker Associate with Signal Real Estate (MA Lic. #9534264) and a lifelong Massachusetts resident. Over 14 years and hundreds of transactions, he has worked investment properties — multi-families and house-hacking — across Greater Boston full-time. Away from real estate, Justin is a proud dad, youth coach and local school-committee member — and a former professional poker player who still loves golf and following local sports.

📞 978-790-4381📍 25 Braintree Hill Park, Suite 200, Braintree, MA 02184
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