Sold for $1,515,000

$1,515,000

46-48 Cleveland St, Melrose, MA 02176

8beds

4,590sqft

4 Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$330/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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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.

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: $330/sqft
Tax assessed value: $1,011,700
Annual tax amount: $10,016
Date on market: 9/15/2026
Total actual rent: 0
Road surface type: Paved

Price history

Date	Event	Price
9/25/2026	Sold	$1,515,000-5.3%$330/sqft
Source: MLS PIN #73558870 Report a problem
8/28/2026	Pending sale	$1,599,000$348/sqft
Source: MLS PIN #73558870 Report a problem
8/4/2026	Listed for sale	$1,599,000$348/sqft
Source: MLS PIN #73558870 Report a problem