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7 Park St, Melrose MA 02176

$900,000

Estimated $2,085/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $450,000

Total Rent: 31200/year

Estimated CAP Rate:

6 Bedrooms

Baths

2100

Total Parking: 4

3,838 (0.09)

Exceptional opportunity to own a well-maintained two-family home offering approximately 2,100 sq ft of living space. This versatile property features a total of 6 bedrooms and 2 full bathrooms across two units. The first-floor unit offers comfortable living space with direct access to a private brick patio—perfect for outdoor dining or relaxing. The second-floor unit features a deck located just off the kitchen, creating an ideal setting to enjoy your morning coffee or unwind at the end of the day. Each units has 2 dedicated parking spaces (4 total) & in-unit laundry. Whether you’re an investor seeking a property with strong rental history or an owner-occupant looking to offset your mortgage with additional income, this property provides outstanding flexibility. Conveniently located near downtown Melrose, Oak Grove Station, restaurants, shops, and parks, 7 Park Street combines suburban charm with easy access to Boston. Open Houses Sat 6/20 11AM-1PM and Sun 6/21 11AM-1PM

This home has been viewed 5 times

Last Checked: June 19th, 2026 at 6:48am (Source: MLS PIN #73536996)

Gross Income: $31,200

Gross Expenses: $7,506

Net Income Calc: $23,694

Annual Expenses for 7 Park St, Melrose MA 02176

Total Gross Expenses (Calculated)$7,506/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7506

Annual Income & Unit Breakdown for 7 Park St, Melrose MA 02176

Total Gross Income (Calculated)$31,200

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

Rent IncludesHeat

General Information for 7 Park St, Melrose MA 02176

Listing ID73536996

Property TypeMulti Family / 2 Family

Price900000 ($428.57/SqFt)

Style2 Family - 2 Units Up/down

CityMelrose

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total2100

Approximate Lot Size (Acres)0.09

Total Parking4

Garage Parking0

Year Built1880

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningURB

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 7 Park St, Melrose MA 02176

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

ExclusionsDryer

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 7 Park St, Melrose MA 02176

Real Estate Taxes7506

Tax Year2025

Assessed Value$758,200

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 7 Park St, Melrose MA 02176

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 7 Park St, Melrose MA 02176

Agent

Name: Prescott White

Office

Name: Commonwealth Properties Residential, LLC

Phone: 617-600-8415

Payment Calculator

, Interest

Property Taxes 625.5

Principal & Interest 5545.51

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Commonwealth Properties Residential, LLC

Prescott White

Agent Phone

Office Phone

(617) 600-8415

Text Agent Call Agent Call Office

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EXIT

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