For sale

$1,599,000

46-48 Cleveland St, Melrose, MA 02176

8beds

4,590sqft

$10,217/mo

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4 Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$348/sqft

$-- HOA

What's special

Private rear balconiesHardwood floors throughoutUpdated furnacesOff street parking

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.

2 days

290

11

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Forced Air, Natural Gas, Individual, Unit Control

Appliances

Included: Range, Dishwasher, Microwave, Range Hood
Laundry: Gas Dryer Hookup, Washer Hookup

Features

Ceiling Fan(s), Bathroom With Tub, Smart Thermostat, Living Room, Kitchen, Office/Den
Flooring: Vinyl, Hardwood
Windows: Insulated Windows
Basement: Full,Interior Entry,Concrete,Slab
Has fireplace: No

Interior area

Total structure area: 4,590
Total interior livable area: 4,590 sqft
Finished area above ground: 4,590

Property

Parking

Total spaces: 6
Parking features: Off Street, Paved
Uncovered spaces: 6

Features

Exterior features: Balcony/Deck

Lot

Size: 7,937 Square Feet
Features: Level

Details

Parcel number: M:0B7 P:0000004,653069
Zoning: URA

Construction

Type & style

Home type: MultiFamily
Property subtype: 4 Family

Materials

Foundation: Block
Roof: Shingle

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Gas Dryer, Washer Hookup, Varies per Unit

Green energy

Energy efficient items: Thermostat

Community & HOA

Community

Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station, Sidewalks

Location

Region: Melrose

Financial & listing details

Price per square foot: $348/sqft
Tax assessed value: $1,011,700
Annual tax amount: $10,016
Date on market: 8/4/2026
Total actual rent: 0
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/4/2026	Listed for sale	$1,599,000$348/sqft
Source: MLS PIN #73558870 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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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