MLS #73464224 image #0
This well-maintained three-family in Melrose offers immediate income and strong long-term upside. Set on a generous 13,000 sq ft lot, it provides exceptional parking and valuable outdoor space. Unit 1 features three bedrooms, including a Primary Suite, plus a lower-level family room with private entrance and in-unit laundry. It rents for $3,400 per month and includes exclusive use of an oversized two-car garage, boosting appeal and revenue. The other two units are occupied by long-term tenants, ensuring stable income. All units have separate utilities, hardwood floors, and replacement windows, creating an efficient, low-maintenance setup. With solid rental history and clear potential for future value growth, this property is a smart addition to any portfolio—an ideal time to secure it before the Spring Market accelerates.
Current real estate data for Multi Family in Melrose as of Feb 16, 2026
3
Multi Family Listed
192
Avg DOM
404
Avg $ / SqFt
$5,358,333
Avg List Price

Property Details

Price:
$1,375,000
MLS #:
73464224
Status:
Pending
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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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