This Architecturally stunning MULTIFAMILY is in a fantastic Melrose location…near EVERYTHING! With 6 rental units & 6 garage bays, the possibilities are endless. In the same family for decades, it’s time for the next savvy investor to take note of this unique offering. Continue renting as it is, make some updates & UP the rents, or even transform this amazing “mansion” into condominium units. There is nothing more appealing than the vibe of old world charm combined with modern updates & amenities. Throughout this property, you will find some original character such as beautiful crown moldings, floor to ceiling windows, “bump-outs” & bay windows, cathedral pediments, HW floors & even a marble fireplace. Equipped with 6 updated heating systems, 6 updated hot water tanks, all separate Circuit Breaker electrical panels, & a coin-op laundry. Grand & gracious, this property awaits its new care-taker with a dream of long-term stability. A property like this doesn’t often come around.

Property Details

Price:
$2,450,000
MLS #:
73376264
Status:
Active
Beds:
11
Baths:
7
Address:
126 West Wyoming Avenue
Type:
Multi Family
Subtype:
5-9 Family
City:
Melrose
Listed Date:
May 16, 2025
State:
MA
Finished Sq Ft:
6,068
Total Sq Ft:
6,068
ZIP:
02176
Lot Size:
13,795 sqft / 0.32 acres (approx)
Year Built:
1900
Units:
7

Schools

Interior

Bathrooms
7 Full Bathrooms
Fireplaces Total
1
Flooring
Tile, Vinyl, Hardwood
Laundry Features
Gas Dryer Hookup, Washer Hookup

Exterior

Community Features
Public Transportation, Shopping, Highway Access
Construction Materials
Frame
Parking Features
Off Street, Stone/ Gravel
Parking Spots
10
Roof
Shingle

Financial

Net Operating Income
$119,078
Tax Year
2025
Taxes
$12,124

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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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126 West Wyoming Avenue
Melrose, MA