This is a standard two family in a solid community with both units mirror each other with one small additional office on the second floor. Great opportunity for two good size condos. First floor unit is liv., din., kit., 2 bedrooms., and a sunroom. Kitchen was upgraded with quartz counters, new cabinets, and SS appliances. Second floor is exactly the same layout with a small additional office. 2nd flr. unit needs complete updating done. First floor needs a bathroom make over. Back decks have been reinforced structurally, as well as new composite decking and railings. Front entry area is all new Composite columns, facias and new insulated doors with keyless entry. You have a great level yard, and two car garage. You are steps to downtown Melrose shops and restaurants, You are approx. 7-8 miles from downtown Boston, with access by train (Orange line) or Commuter rail. You also have route one and route 93 to choose from going N/S . A desirable suburb north of Boston to raise a family.

Property Details

Price:
$949,900
MLS #:
73416082
Status:
Active Under Contract
Beds:
4
Baths:
2
Address:
55-57 Tappan St
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
City:
Melrose
Listed Date:
Aug 10, 2025
State:
MA
Finished Sq Ft:
2,342
Total Sq Ft:
2,342
ZIP:
02176
Lot Size:
7,937 sqft / 0.18 acres (approx)
Year Built:
1900
Units:
2

Schools

Interior

Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, E N E R G Y S T A R Qualified Refrigerator, E N E R G Y S T A R Qualified Dishwasher, Disposal
Bathrooms
2 Full Bathrooms
Flooring
Tile, Vinyl, Concrete, Laminate, Hardwood, Stone/ Ceramic Tile
Heating
Baseboard, Oil, Individual, Unit Control
Laundry Features
Gas Dryer Hookup

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Private School, Public School, T- Station, Sidewalks
Construction Materials
Frame
Exterior Features
Balcony/ Deck, Rain Gutters, Sprinkler System
Parking Features
Paved Drive, Off Street, Assigned, Deeded, Driveway, Paved
Parking Spots
5
Roof
Shingle
Security Features
Security System

Financial

Net Operating Income
$51,600
Tax Year
2025
Taxes
$8,338

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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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55-57 Tappan St
Melrose, MA