***OPEN HOUSE Thursday 4:30 – 6:30pm***Well-maintained 4-unit multi-family property offering strong cash flow and investment potential. the building spans 3,519 sq ft on a 0.09-acre lot and features 9 bedrooms and 4 bathrooms across well designed units. Each unit includes spacious living areas, kitchens, and bedrooms. Tenants enjoy off-street parking, laundry, and easy access to Melrose shops and restaurants. Located just 0.1 miles from Lincoln Elementary School and within walking distance to the Wyoming Hill commuter rail, this property is ideal for those seeking turn key convenience. With consistent rental income and a prime location, 38-40 Hurd Street is a great opportunity for investors looking to grow their portfolio in a strong rental market or the savvy owner looking to live free

Property Details

Price:
$1,550,000
MLS #:
73358885
Status:
Active
Beds:
9
Baths:
4
Address:
38-40 Hurd St
Type:
Multi Family
Subtype:
4 Family – 4 Units Up/Down
City:
Melrose
Listed Date:
Apr 16, 2025
State:
MA
Finished Sq Ft:
3,519
Total Sq Ft:
3,519
ZIP:
02176
Year Built:
1900
Units:
4

Schools

Interior

Bathrooms
4 Full Bathrooms

Exterior

Community Features
Public Transportation, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T- Station
Exterior Features
Rain Gutters
Parking Features
Paved Drive, Off Street
Parking Spots
3
Roof
Shingle

Financial

Tax Year
2025
Taxes
$11,415

Map

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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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38-40 Hurd St
Melrose, MA