
46-48 Cleveland St Melrose — Photo 1 of 6
$1,599,000
Melrose, MA 02176
Beds
8
Baths
4
SqFt
4,590
Style
4 Family
Built
1900
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.
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Melrose, MA.
Range • Dishwasher • Microwave • Range Hood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
29,650
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$134K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
32.8%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Agent: Derek Greene
Listing Office: The Greene Realty Group
MLS® Number: 73558870
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