Pending

Price cut: $55K (6/8)

$1,395,000

38-40 Hurd St, Melrose, MA 02176

9beds

3,519sqft

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4 Family - 4 Units Up/Down

Built in 1900

-- sqft lot

$-- Zestimate^®

$396/sqft

$-- HOA

What's special

Shared laundryFull basement for storageUpdated kitchensOff-street parkingFunctional layouts

**OPEN HOUSE SAT 1-2:30**Investor and owner-occupant opportunity in the heart of Melrose! Well-maintained 4-family property offering strong income potential and flexible living arrangements. This spacious multi-unit building features 9 bedrooms and 4 full baths across approximately 3,519 sq ft of living space. Units offer functional layouts with bright living areas, updated kitchens, hardwood/vinyl flooring, and separately metered utilities. Additional highlights include off-street parking, shared laundry, and a full basement for storage. Conveniently located near downtown Melrose shops, restaurants, parks, schools, and public transportation, including the Wyoming Hill commuter rail station for easy access to Boston. Excellent opportunity to expand your investment portfolio or offset your mortgage with rental income in one of Melrose’s most desirable neighborhoods

53 days

257

16

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 4
Full bathrooms: 4

Features

Basement: Full
Has fireplace: No

Interior area

Total structure area: 3,519
Total interior livable area: 3,519 sqft
Finished area above ground: 3,519

Property

Parking

Total spaces: 3
Parking features: Paved Drive, Off Street
Uncovered spaces: 3

Features

Patio & porch: Porch
Exterior features: Rain Gutters

Lot

Size: 3,803 Square Feet

Details

Parcel number: M:0B6 P:0000048,652939
Zoning: URA

Construction

Type & style

Home type: MultiFamily
Property subtype: 4 Family - 4 Units Up/Down

Materials

Foundation: Stone
Roof: Shingle

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station

Location

Region: Melrose

Financial & listing details

Price per square foot: $396/sqft
Tax assessed value: $1,153,000
Annual tax amount: $11,415
Date on market: 5/21/2026
Total actual rent: 0

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/26/2026	Pending sale	$1,395,000$396/sqft
Source: MLS PIN #73521788 Report a problem
6/8/2026	Price change	$1,395,000-3.8%$396/sqft
Source: MLS PIN #73521788 Report a problem
5/20/2026	Listed for sale	$1,450,000$412/sqft
Source: MLS PIN #73521788 Report a problem
7/9/2025	Listing removed	$1,450,000$412/sqft
Source: MLS PIN #73358885 Report a problem
6/5/2025	Price change	$1,450,000-3.3%$412/sqft
Source: MLS PIN #73358885 Report a problem
5/13/2025	Price change	$1,499,000-3.3%$426/sqft
Source: MLS PIN #73358885 Report a problem
4/16/2025	Listed for sale	$1,550,000$440/sqft
Source: MLS PIN #73358885 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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