Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
8 Beds
4 Baths
4,590 sqft

$1,599,000

46-48 Cleveland St, Melrose MA, 02176

Price per sqft$348.37
Built in1900
Property size4,590 sqft
Property typeMulti-family

Overview

Pending

Under Agreement

Listed Aug 4, 2026

Updated 4 weeks ago

A rare opportunity to acquire a four-family property in a high-demand area, offering unparalleled income potential and long-term value. Situated on one of Melrose's beautiful tree-lined residential streets. Each spacious unit features 2 bedrooms, 1 full bath, hardwood floors throughout, private rear balconies, off street parking and w/d hookups available in 2,255 sq ft basement with updated furnaces, roof and windows.Located just minutes from downtown Melrose with vibrant shops and restaurants, top-rated public schools, scenic hiking trails, and the MBTA/commuter rail, putting Boston just 7 miles away with easy access to routes 1 and 93. Whether you're an investor seeking strong rental income or a buyer looking to live in one unit while the others work for you, this property delivers on every level.

$10,638/mo

Est. mortgage payment based on a $1,599,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
73558870

Interior Features

Bedrooms
8
Bathrooms
4
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.18 Acres

Other Property Details

Taxes
$10,016
Tax Frequency
Annually
55+/Senior Community
No

This listing is provided by Derek Greene with The Greene Realty Group

The property listing data and images displayed herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors, and public records, and compiled by MLS Property Information Network, Inc. This information is intended solely for the personal, non-commercial use of consumers who have a genuine interest in purchasing or leasing listed properties. It may not be used for any purpose other than to identify prospective properties of interest.

MLS Property Information Network, Inc. and its subscribers make no representations or warranties regarding the accuracy of the listing data or images presented.

©2026 MLS Property Information Network, Inc. All rights reserved.

Data last updated 2:47 AM UTC, 8/30/2026

Powered by Luxury Presence