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9 Elm St, Melrose MA 02176

$1,049,000

Estimated $2,363/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $524,500

Total Rent: 15600/year

Estimated CAP Rate:

6 Bedrooms

Baths

2630

Total Parking: 2

5,837 (0.13)

Horvath & Tremblay is pleased to present this two-family investment property located at 9 Elm Street in Melrose, MA. The three-story building contains two (2) 3-Bedroom/1-Bathroom units with 2,630 square feet of gross living area in 5,544 square feet of gross area. Both units offer in-unit laundry and porches. Additional value-add opportunities can be leveraged for an investor or savvy owner-occupant. The Property is situated upon a 0.134-acre corner parcel and features two (2) off-street parking spaces. 9 Elm Street is well-positioned in downtown Melrose, offering strong access to the city's central business district, neighborhood retail corridors, and surrounding residential neighborhoods.

This home has been viewed 7 times

Last Checked: June 23rd, 2026 at 7:58pm (Source: MLS PIN #73539478)

Gross Income: $15,600

Gross Expenses: $7,949

Net Income Calc: $7,651

Water Views

Annual Expenses for 9 Elm St, Melrose MA 02176

Total Gross Expenses (Calculated)$7,949/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7949

Annual Income & Unit Breakdown for 9 Elm St, Melrose MA 02176

Total Gross Income (Calculated)$15,600

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 9 Elm St, Melrose MA 02176

Listing ID73539478

Property TypeMulti Family / 2 Family

Price1049000 ($398.86/SqFt)

Style2 Family - 2 Units Up/down

CityMelrose

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total2630

Approximate Lot Size (Acres)0.13

Total Parking2

Garage Parking0

Year Built1896

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningURA

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 9 Elm St, Melrose MA 02176

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBasement Fridge

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 9 Elm St, Melrose MA 02176

Real Estate Taxes7949

Tax Year2025

Assessed Value$802,900

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 9 Elm St, Melrose MA 02176

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 9 Elm St, Melrose MA 02176

Agent

Name: Kelleher - Pentore Team

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Team Members

Name: Dennis Kelleher

Name: Tess Kohanski

Payment Calculator

, Interest

Property Taxes 662.42

Principal & Interest 6463.6

HOA Dues

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

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