333 Main St is a four-story brick building with 23 residential units consisting of (7) 1-Bed/1-Bath units, (15) 2-Bed/1-Bath units, and (1) 3-Bed/1-Bath unit. The units, which feature hardwood flooring, are separately metered for heat (electric), hot water (electric) and electricity, which are paid for directly by the tenants. The Landlord is responsible for common area electric and domestic water and sewer. 333 Main Street features ample off-street parking with 23 spaces. The Property also offers an on-site laundry facility, and each unit has a private walk-out patio or balcony. 333 Main Street offers the opportunity to acquire a well-maintained investment Property with upside in an exceptional, urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. The Melrose submarket continues to accelerate thanks to continued commercial and infrastructure development in Melrose.

Property Details

Price:
$7,700,000
MLS #:
73380111
Status:
Active
Beds:
40
Baths:
23
Address:
333 Main St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Melrose
Listed Date:
May 27, 2025
State:
MA
Finished Sq Ft:
22,324
Total Sq Ft:
22,324
ZIP:
02176
Lot Size:
20,473 sqft / 0.47 acres (approx)
Year Built:
1961
Units:
23

Schools

Interior

Bathrooms
23 Full Bathrooms

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Bike Path, Highway Access, Private School, Public School, T- Station
Parking Features
Off Street
Parking Spots
23
Roof
Rubber

Financial

Net Operating Income
$492,156
Tax Year
25
Taxes
$37,131

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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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333 Main St
Melrose, MA