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Off market
  • $886,200

    536 Lebanon St, Melrose, MA 02176

    2beds
    1,572sqft
    MultiFamily
    Built in 1855
    -- sqft lot
    $886,200 Zestimate®
    $564/sqft
    $3,023 Estimated rent

    Home value

    $886,200

    $789,000 - $1.00M

    $3,023/mo

    Zestimate® history
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    $5,558/mo

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    What's special

    Fantastic Mix-Use opportunity for a small firm to re-locate to Melrose MA. Consistently voted one of the top towns in MA. Located directly across from Melrose/Wakefield Hospital and an easy walk to downtown and Commuter Rail. First floor office suite is perfect for Doctor/Dentist/Accountant/Lawyer/Real Estate firm. Handicap accessible first floor features includes 3 private office spaces, kitchenette, 1/2 bath and reception area, also a finished basement area that could be additional space. Was used as a medical office space in the past but could be perfect for any number of professions. Short walk to Commuter Rail to North Station. Ample parking in rear of building. Second floor 2Bed/1Bath residential unit provides additional income to help reduce expenses. Currently rent to long term tenants at $2100/month. Expansion opportunity into third floor attic space for a duplex unit. Possible condo conversion opportunity with basement and attic being partially finished. Two duplex unit

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Heating
    • Forced air, Oil
    Appliances
    • Included: Dishwasher, Dryer, Refrigerator, Washer
    Features
    • Flooring: Tile, Concrete, Hardwood, Linoleum / Vinyl
    • Basement: Unfinished
    Interior area
    • Total interior livable area: 1,572 sqft

    Property

    Parking
    • Total spaces: 2
    Features
    • Exterior features: Vinyl
    Lot
    • Size: 4,791 Square Feet
    Details
    • Parcel number: MELRM0D8P0000022

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Asphalt
    Condition
    • Year built: 1855

    Community & HOA

    Location
    • Region: Melrose

    Financial & listing details

    • Price per square foot: $564/sqft
    • Tax assessed value: $659,300

    Price history

    DateEventPrice
    6/3/2022Listing removed--
    Source: MLS PIN #72884352 Report a problem
    8/1/2021Listing removed--
    Source: RE/MAX International Report a problem
    4/29/2021Price change$919,000-1.1%$585/sqft
    Source: RE/MAX International #72759020 Report a problem
    11/19/2020Price change$929,000-1.1%$591/sqft
    Source: RE/MAX Unlimited #72759020 Report a problem
    9/8/2020Price change$939,000-1.2%$597/sqft
    Source: Gibson Sotheby's International Realty #72651750 Report a problem
    7/14/2020Price change$950,000-4%$604/sqft
    Source: Gibson Sotheby's International Realty #72651750 Report a problem
    5/5/2020Listed for sale$990,000+209.4%$630/sqft
    Source: Gibson Sotheby's International Realty #72651750 Report a problem
    10/6/1999Sold$320,000+62.4%$204/sqft
    Source: Public Record Report a problem
    12/17/1996Sold$197,000+23.2%$125/sqft
    Source: Public Record Report a problem
    3/27/1987Sold$159,900$102/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $659,300 +7.3%
    2024-- $614,200 +9.4%
    2023-- $561,600 -7.8%
    2022-- $609,400 +9%
    2021-- $559,100 +5.1%
    2020-- $532,200 +3.4%
    2019-- $514,700 +10.9%
    2018-- $464,100 +2.2%
    2017$6,520 $454,000 +7.6%
    2016$6,520 $422,100 +1.1%
    2015$6,520 $417,600 +10.2%
    2011-- $378,900 -11.8%
    2010$5,184 $429,500 -1.9%
    2009-- $437,900 -8%
    2008-- $476,100 -1.3%
    2007-- $482,600 +2.2%
    2006-- $472,300 +5%
    2005-- $449,900 +17.9%
    2004-- $381,600 +10%
    2003$4,250 $346,900 +9%
    2002-- $318,300 +17.7%
    2000-- $270,400 +76.2%
    1999$2,413 $153,500
    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $886,200
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    Estimated market value
    $886,200