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INVESTMENT SNAPSHOT
About this property
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
| Units | 4 |
| Living area | 4,590 sqft |
| Lot size | 7,937 sqft |
| Year built | 1900 |
| Price / sqft | $348 |
| County | Middlesex |
| MLS # | 73558870 |
Listing status
| Days on market | 0 days |
| Listed on | August 4, 2026 |
Taxes & financials
| Annual property tax | $10,016 |
| Tax year | 2025 |
| Assessed value | $1,011,700 |
| Zoning | URA |
| Total actual rent | $0/mo |
Building & lot
| Stories | 4 |
| Total rooms | 18 |
| Lot size | 0.18 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Off Street, Paved |
| Basement | Full, Interior Entry, Concrete, Slab |
| Foundation | Block |
| Roof | Shingle |
| Flooring | Vinyl, Hardwood |
Utilities & systems
| Heating | Forced Air, Natural Gas, Individual, Unit Control |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Gas Dryer, Washer Hookup, Varies per Unit |
| Appliances | Range, Dishwasher, Microwave, Range Hood |
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 46-48 Cleveland St, Melrose MA 02176 have?
It is a 4-unit multi-family property with 4,590 sqft of living area, built in 1900.
How long has 46-48 Cleveland St, Melrose MA 02176 been on the market?
46-48 Cleveland St, Melrose MA 02176 has been listed for 0 days (since August 4, 2026).
What is the price per unit?
At a list price of $1,599,000 across 4 units, that works out to roughly $399,750 per unit.
What are the property taxes on 46-48 Cleveland St, Melrose MA 02176?
Annual property taxes are $10,016 (2025), on an assessed value of $1,011,700.
What is the price per square foot?
At $1,599,000 for 4,590 sqft, that's about $348 per square foot.
Is there parking?
6 total parking spaces (off street, paved).
Where is this property located?
46-48 Cleveland St, Melrose MA 02176 is in Melrose, Middlesex County, MA 02176.
