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Active

46-48 Cleveland St, Melrose MA 02176

$1,599,000

Estimated $3,427/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $399,750

Total Rent: 0/year

Estimated CAP Rate:

4 Bedrooms

Baths

4590

Total Parking: 6

7,937 (0.18)

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.

This home has been viewed 3 times

Last Checked: August 4th, 2026 at 7:28pm (Source: MLS PIN #73558870)

Gross Income: $0

Gross Expenses: $10,016

Net Income Calc: $10,016

Annual Expenses for 46-48 Cleveland St, Melrose MA 02176

Total Gross Expenses (Calculated)$10,016/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax10016

Annual Income & Unit Breakdown for 46-48 Cleveland St, Melrose MA 02176

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 46-48 Cleveland St, Melrose MA 02176

Listing ID73558870

Property TypeMulti Family / 4 Family

Price1599000 ($348.37/SqFt)

Style4 Family

CityMelrose

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total4590

Approximate Lot Size (Acres)0.18

Total Parking6

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningURA

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 46-48 Cleveland St, Melrose MA 02176

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Property

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

For Sale By OwnerEntry Only

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 46-48 Cleveland St, Melrose MA 02176

Real Estate Taxes10016

Tax Year2025

Assessed Value$1,011,700

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 46-48 Cleveland St, Melrose MA 02176

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 46-48 Cleveland St, Melrose MA 02176

Agent

Name: Derek Greene

Office

Name: The Greene Realty Group

Phone: 888-278-5840

Payment Calculator

, Interest

Property Taxes 834.67

Principal & Interest 9852.53

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

The Greene Realty Group

Derek Greene

Agent Phone

Office Phone

(888) 278-5840

Text Agent Call Agent Call Office

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EXIT

3 More Photos

Active

46-48 Cleveland St, Melrose MA 02176

$1,599,000

Annual Expenses for 46-48 Cleveland St, Melrose MA 02176

Annual Income & Unit Breakdown for 46-48 Cleveland St, Melrose MA 02176

General Information for 46-48 Cleveland St, Melrose MA 02176

Disclosures for 46-48 Cleveland St, Melrose MA 02176

Financial Information for 46-48 Cleveland St, Melrose MA 02176

Location Information for 46-48 Cleveland St, Melrose MA 02176

Contact Information for 46-48 Cleveland St, Melrose MA 02176

Agent

Office

Payment Calculator

Exclusive Listing Agent

The Greene Realty Group

Derek Greene