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Open House Jan 10, 2026
12:00 – 02:00
Three family in Melrose represents a strong investment opportunity with immediate income & long-term upside. Set on a nice13k sq ft lot, the property offers exceptional parking capacity & outdoor space. Unit 1 delivers a desirable three bedrooms, including a Primary Suite, plus a lower-level family room with private entrance & in-unit laundry. This unit currently rents for $3,400 per month & includes exclusive use of the oversized two-car garage, enhancing both appeal & revenue potential. Other 2 Units are occupied by long-term tenants, providing stable, predictable income. All units have separate utilities, hardwood floors and replacement windows throughout. This is an efficient setup that keeps operating costs manageable. With strong tenant history, and opportunities for future value growth, this property would be a strategic addition to any portfolio. Get in now before the Spring Market takes off……
Current real estate data for Multi Family in Melrose as of Jan 09, 2026
3
Multi Family Listed
154
Avg DOM
404
Avg $ / SqFt
$5,358,333
Avg List Price

Property Details

Price:
$1,375,000
MLS #:
73464224
Status:
Active
Beds:
7
Baths:
4
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
Neighborhood:
mounthood
Listed Date:
Dec 30, 2025
Finished Sq Ft:
3,964
Total Sq Ft:
3,964
Lot Size:
13,203 sqft / 0.30 acres (approx)
Year Built:
1920
Units:
3
Mount HoodMounthood

Schools

Interior

Appliances
Washer, Dryer, Range, Dishwasher, Disposal, Refrigerator
Bathrooms
4 Full Bathrooms
Cooling
Central Air
Flooring
Wood, Hardwood
Heating
Natural Gas, Steam, Forced Air

Exterior

Community Features
Park, Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship
Construction Materials
Frame
Parking Features
Paved Drive, Off Street
Parking Spots
10
Roof
Shingle

Financial

Net Operating Income
$88,800
Tax Year
2026
Taxes
$13,229

Map

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Community

Property Summary

    3 Hunnewell St Melrose MA is a Multi Family for sale in Melrose, MA, 02176. It is listed for $1,375,000 To schedule a showing of MLS#73464224 at 3 Hunnewell St in Melrose, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.

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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.,…

More About James
3 Hunnewell St
Melrose, MA