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22 E Emerson St, Melrose MA 02176

$1,199,000

Estimated $2,616/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $599,500

Total Rent: 70800/year

Estimated CAP Rate:

7 Bedrooms

Baths

3530

Total Parking: 5

4,927 (0.11)

Exceptional corner two-family in Melrose’s most desirable East Side! Just a short walk to downtown and commuter rail; minutes from major routes, and steps from Melrose-Wakefield Hospital. This well-maintained home features 3 levels of living space with many recent upgrades and hardwood floor throughout both units. The first-floor unit features a 5-room layout with 2 bedrooms and has been fully renovated including new windows. The second and third floor unit offers a spacious 9 rooms, 5 bedrooms, a living room, dining room, 2 full baths, and new modern kitchen, new paint and new bathroom vanity in second floor. Additional highlights include partially finished basement with newly updated floor, front and rear porches, in unit laundry, and 5 off-street parkings. The property is currently vacant and was previously rented for $5,900/month, with potential for higher rental income. A particularly attractive feature is the valuable BD/Medical/Hospital zoning, offering additional possibilities for qualified buyers. Fantastic opportunity for investors, medical professionals, and owner-occupants. Buyer and buyer’s agent to do their own due diligence.

This home has been viewed 6 times

Last Checked: September 16th, 2026 at 8:03am (Source: MLS PIN #73574982)

Gross Income: $70,800

Gross Expenses: $8,058

Net Income Calc: $62,742

Annual Expenses for 22 E Emerson St, Melrose MA 02176

Total Gross Expenses (Calculated)$8,058/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8058

Annual Income & Unit Breakdown for 22 E Emerson St, Melrose MA 02176

Total Gross Income (Calculated)$70,800

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms5

Bathrooms2 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 22 E Emerson St, Melrose MA 02176

Listing ID73574982

Property TypeMulti Family / 2 Family

Price1199000 ($339.66/SqFt)

Style2 Family - 2 Units Up/down

CityMelrose

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total3530

Approximate Lot Size (Acres)0.11

Total Parking5

Garage Parking0

Year Built1929

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningBD

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 22 E Emerson St, Melrose MA 02176

Lead PaintNone

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourceOther

ExclusionsPersonal Belongings.

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 22 E Emerson St, Melrose MA 02176

Real Estate Taxes8058

Tax Year2025

Assessed Value$813,900

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 22 E Emerson St, Melrose MA 02176

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 22 E Emerson St, Melrose MA 02176

Agent

Name: Zhiqiang Zhang

Office

Name: Fairview Partners International LLC

Phone: 978-494-0211

Payment Calculator

, Interest

Property Taxes 671.5

Principal & Interest 7387.86

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Fairview Partners International LLC

Zhiqiang Zhang

Agent Phone

Office Phone

(978) 494-0211

Text Agent Call Agent Call Office

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    [unparsed] => 22 E Emerson St, Melrose MA 02176
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EXIT

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