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Active Under Contract

46 Oakland Street, Melrose MA 02176

$1,050,000

Estimated $2,395/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $525,000

Total Rent: 69360/year

Estimated CAP Rate:

6 Bedrooms

Baths

2600

Total Parking: 3

10,433 (0.24)

Elevate your lifestyle in this stunning hilltop retreat! Perched high above the street, this spacious two-family home offers incredible views and a serene escape from the everyday. Inside, you'll find a perfect blend of timeless character and modern updates, featuring gorgeous natural woodwork, beamed ceilings, and sleek, updated eat-in kitchens. With separate updated utilities and off-street parking, every convenience is covered. Set on an expansive 10,000+ square foot lot, the property invites you to relax on the shared patio and soak in the summer breeze. The location is a commuter's dream-leave the car at home and catch the train to Boston just three blocks away. The weekly Farmers Market ay Bowden Park is just around the corner. Grab a latte at the Bohemian Coffee House or take a short stroll to the heart of downtown Melrose to explore trendy boutiques, vibrant eateries, Shaw's Super Market and top-tier fitness studios. Whole Foods is also nearby. Great for OO or investment.

This home has been viewed 11 times

Last Checked: July 23rd, 2026 at 8:18am (Source: MLS PIN #73550011)

Gross Income: $69,360

Gross Expenses: $8,315

Net Income Calc: $61,045

Water Views

Annual Expenses for 46 Oakland Street, Melrose MA 02176

Total Gross Expenses (Calculated)$8,315/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8315

Annual Income & Unit Breakdown for 46 Oakland Street, Melrose MA 02176

Total Gross Income (Calculated)$69,360

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 Unit1

Rent IncludesHeat

General Information for 46 Oakland Street, Melrose MA 02176

Listing ID73550011

Property TypeMulti Family

Price1050000 ($403.85/SqFt)

StyleMulti Family

CityMelrose

CountyMiddlesex

MLS AreaFells

Neighborhood(s)

Approximate Living Area Total2600

Approximate Lot Size (Acres)0.24

Total Parking3

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningURA

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 46 Oakland Street, Melrose MA 02176

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsTv In Family Room. Kitchen Island Bar Stools And Table Set Excluded But Sellers Will Entertain Set.

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 46 Oakland Street, Melrose MA 02176

Real Estate Taxes8315

Tax Year2025

Assessed Value$839,900

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 46 Oakland Street, Melrose MA 02176

Elementary SchoolApply

Middle SchoolMvmms

High SchoolMelrose High

Neighborhood(s)

MLS AreaFells

Area AmenitiesWalk/jog Trails

Contact Information for 46 Oakland Street, Melrose MA 02176

Agent

Name: Lisa Howitt

Office

Name: Compass

Phone: 617-206-3333

Team Members

Payment Calculator

, Interest

Property Taxes 692.92

Principal & Interest 6469.77

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

Lisa Howitt

Agent Phone

Office Phone

(617) 206-3333

Text Agent Call Agent Call Office

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EXIT

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