Calling all visionaries! Here’s your chance to write the next chapter of this beloved Melrose two-family, carefully stewarded by the same family since Elvis was topping the charts. While this home might need a refresh (think more “time capsule” than “turn-key”), its bones are as solid as its location is spectacular. Perfectly perched just steps from downtown Melrose’s foodie paradise and the commuter rail, this property is also a hop and skip from the wilderness wonderland of Middlesex Fells. Leave your car in the two car driveway and walk to everything that makes Melrose one of Greater Boston’s most coveted communities. Amidst the vintage vibes inside lie original hardwood floors, and a generous deep lot outside begs for your garden dreams. The possibilities here are endless, but it’s perfect for house hackers: live in one unit while rental income helps fund your renovation vision. Or, reimagine both units for maximum return. Opportunities like this one do not come along often!

Property Details

Price:
$850,000
MLS #:
73370664
Status:
Active Under Contract
Beds:
5
Baths:
2
Address:
40-42 Tappan St
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
City:
Melrose
Listed Date:
May 7, 2025
State:
MA
Finished Sq Ft:
2,130
Total Sq Ft:
2,130
ZIP:
02176
Lot Size:
7,048 sqft / 0.16 acres (approx)
Year Built:
1920
Units:
2

Schools

Elementary School:
Lincoln
Middle School:
Melrose Middle
High School:
Melrose High

Interior

Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Bathrooms
2 Full Bathrooms
Flooring
Hardwood
Heating
Oil
Laundry Features
Electric Dryer Hookup

Exterior

Community Features
Public Transportation, Shopping, Park, Medical Facility, House of Worship, Public School, T- Station
Construction Materials
Frame
Exterior Features
Rain Gutters, Garden
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
2
Roof
Shingle

Financial

Tax Year
2025
Taxes
$7,818

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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40-42 Tappan St
Melrose, MA