Overview Property Details Payment Calculator Walkability

Pending

447 Pleasant St, Melrose MA 02176

$7,000,000

Estimated $13,940.89/month Calculator

Multi Family

Total Units: 24

Price Per Unit: $291,666.67

Total Rent: 46800/year

Estimated CAP Rate: 0.22%

24 Bedrooms

24 Full Baths

13,440 SqFt

Total Parking: 21

19,994 SqFt

447 Pleasant St is a three-story brick building with 24 residential units consisting of 1 Studio unit and (23) 1-Bedroom/1-Bathroom units. The units are separately metered for electric, which is paid directly by the tenants. The Landlord is responsible for electric heat and ...

This home has been viewed 9 times

Last Checked: July 3rd, 2025 at 5:58am (Source: MLS PIN #73380148)

Gross Income: $46,800

Gross Expenses: $31,085

Net Income Calc: $15,715

CAP Rate: 0.22%

Annual Expenses for 447 Pleasant St, Melrose MA 02176

Total Gross Expenses (Calculated)$31,085/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$31,085

Annual Income & Unit Breakdown for 447 Pleasant St, Melrose MA 02176

Total Gross Income (Calculated)$46,800

Unit 1

Rental Income$1,950

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesWater, Unit 1(heat, Hot Water), Unit 2(heat

Unit 2

Rental Income$1,950

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesWater, Unit 1(heat, Hot Water), Unit 2(heat

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent IncludesWater, Unit 1(heat, Hot Water), Unit 2(heat

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent IncludesWater, Unit 1(heat, Hot Water), Unit 2(heat

General Information for 447 Pleasant St, Melrose MA 02176

Listing ID73380148

Property TypeMulti Family

Price$7,000,000 ($520.83/SqFt)

Style5+ Family - 5+ Units Up/down

CityMelrose

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total13,440 SqFt

Approximate Lot Size (Acres)0.45 acres

Total Parking21

Garage Parking

Year Built1964

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesOther

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningURC

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 447 Pleasant St, Melrose MA 02176

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$193,694

Total Gross Income By Broker$563,678

Total Net Income By Broker$369,984

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1.75%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 447 Pleasant St, Melrose MA 02176

Real Estate Taxes$31,085

Tax Year25

Assessed Value$3,139,900

Financial Data Source

Total Gross Expenses By Broker$193,694

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$563,678

BostonRealEstate.com Gross Income

Total Net Income By Broker$369,984

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)0.22%

Location Information for 447 Pleasant St, Melrose MA 02176

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Public School, Shopping, Park, Medical Facility, Bike Path, Public Transportation, T-station, Private School

Contact Information for 447 Pleasant St, Melrose MA 02176

Agent

Name: Kelleher - Pentore Team

MLS ID: TM359859

Office ID: AN2723

Office

Name: Horvath & Tremblay

MLS Office ID: AN2723

Phone: 781-776-4000

Team Members

Name: Dennis Kelleher

MLS ID: CN212671

Office ID: AN2723

Phone: 781-776-4002

City: Boston

State: MA

Name: John Pentore

MLS ID: CN212669

Office ID: AN2723

Phone: 781-776-4004

City: Lynnfield

State: MA

Payment Calculator

$45,722.19 per month

30 Years Fixed, 6.75% Interest

Property Taxes $2,590.42

Principal & Interest $43,131.77

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

Kelleher - Pentore Team

Agent Phone

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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EXIT

Pending

447 Pleasant St, Melrose MA 02176

$7,000,000

Annual Expenses for 447 Pleasant St, Melrose MA 02176

Annual Income & Unit Breakdown for 447 Pleasant St, Melrose MA 02176

General Information for 447 Pleasant St, Melrose MA 02176

Disclosures for 447 Pleasant St, Melrose MA 02176

Financial Information for 447 Pleasant St, Melrose MA 02176

Location Information for 447 Pleasant St, Melrose MA 02176

Contact Information for 447 Pleasant St, Melrose MA 02176

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Horvath & Tremblay

Kelleher - Pentore Team