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48-50 Melrose Street, Arlington MA 02474

Pending

48-50 Melrose Street, Arlington MA 02474

$1,250,000

Estimated $3,009/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $625,000

Total Rent: 32400/year

Estimated CAP Rate:

5 Bedrooms

Baths

2469

Total Parking: 4

4,948 (0.11)

Well-maintained two-family home in a desirable East Arlington location offering spacious layouts, beautiful hardwood floors, and excellent commuter convenience. The first-floor unit features hardwood floors throughout the living room, dining room, and bedrooms, along with a charming built-in dining room hutch. The eat-in kitchen includes an adjoining pantry, and first-floor laundry is conveniently located in the clean, spacious basement. The second unit offers two levels of living space. The main level features two bedrooms, an office, enclosed front porch, living room, dining room, and eat-in kitchen. Beautiful hardwood floors enhance the living room, dining room, office, and bedrooms, while a classic built-in hutch adds character and detail to the dining room. A separate laundry room with additional pantry space is located off the kitchen. The second-floor unit also features a private back deck, providing additional outdoor space. The third floor includes a bedroom and plenty of open space offering excellent potential for future expansion. Additional highlights include a newer roof, an oversized double driveway, a newer furnace serving the second unit and generous basement space. Excellent location close to Mass Ave, the Minuteman Bikeway, Alewife T Station, Route 2, and public bus transportation. A wonderful opportunity for owner-occupants or investors!

This home has been viewed 14 times

Last Checked: October 15th, 2026 at 8:03am (Source: MLS PIN #73586689)

Gross Income: $32,400

Gross Expenses: $11,780

Net Income Calc: $20,620

Water Views

Annual Expenses for 48-50 Melrose Street, Arlington MA 02474

Total Gross Expenses (Calculated)$11,780/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax11780

Annual Income & Unit Breakdown for 48-50 Melrose Street, Arlington MA 02474

Total Gross Income (Calculated)$32,400

Unit 1

Rental Income$0

LeaseN

Bedrooms2

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 48-50 Melrose Street, Arlington MA 02474

Listing ID73586689

Property TypeMulti Family

Price1250000 ($506.28/SqFt)

StyleMulti Family

CityArlington

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total2469

Approximate Lot Size (Acres)0.11

Total Parking4

Garage Parking0

Year Built1940

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 48-50 Melrose Street, Arlington MA 02474

Lead PaintNone

UFFINo

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBlack Light Fixture Above Storage Bench In Kitchen.

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 48-50 Melrose Street, Arlington MA 02474

Real Estate Taxes11780

Tax Year2026

Assessed Value$1,104,000

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 48-50 Melrose Street, Arlington MA 02474

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 48-50 Melrose Street, Arlington MA 02474

Agent

Name: Guy Contaldi

Office

Name: REMAX Andrew Realty Services

Phone: 781-395-7676

Payment Calculator

, Interest

Property Taxes 981.67

Principal & Interest 7702.1

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

REMAX Andrew Realty Services

Guy Contaldi

Agent Phone

Office Phone

(781) 395-7676

Text Agent Call Agent Call Office

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    [unparsed] => 48-50 Melrose Street, Arlington MA 02474
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EXIT

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