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SIGNAL SCORE
About this property
Rarely does a stabilized four-family come to market with this combination of location, income, and upside. Positioned steps from Cedar Park and the commuter rail, this well-maintained asset delivers immediate cash flow with a clear value-add runway. The building offers 4,154 sq ft across four fully occupied units: three identical 1-bed/1-bath apartments and one, two-level 3-bed/1-bath renovated within the last year. The total rent income is $8,925/month, major systems have been upgraded and utilities separated out to each unit. Cosmetic upgrades for the two, first floor units present a straightforward path to bring rents to market upon turnover. Four off-street parking spaces, coin-op laundry, and consistent capital improvements over the past decade round out a compelling profile. For the long-term holder or condo converter, this is the kind of north-of-Boston multifamily with lots of potentials hard to overlook.
Property details
| Units | 4 |
| Living area | 4,154 sqft |
| Lot size | 4,752 sqft |
| Year built | 1900 |
| Price / sqft | $382 |
| County | Middlesex |
| MLS # | 73530094 |
Listing status
| Days on market | 4 days |
| Listed on | June 4, 2026 |
Taxes & financials
| Annual property tax | $11,079 |
| Tax year | 2025 |
| Assessed value | $965,900 |
| Zoning | URA |
| Gross income (actual) | $107,400/yr |
| Net operating income (actual) | $89,200/yr |
| Total actual rent | $8,950/mo |
Building & lot
| Stories | 5 |
| Total rooms | 17 |
| Lot size | 0.11 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Paved Drive, Off Street |
| Basement | Partial, Walk-Out Access, Concrete, Unfinished |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame, Stone |
| Flooring | Hardwood |
Utilities & systems
| Heating | Baseboard, Natural Gas, Unit Control |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Disposal, Refrigerator, Range Hood, Dishwasher |
Location
Listing courtesy of Newell Realty — Jill Plank Butler. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 18-20 North High Street, Melrose MA 02176 have?
It is a 4-unit multi-family property with 4,154 sqft of living area, built in 1900.
How long has 18-20 North High Street, Melrose MA 02176 been on the market?
18-20 North High Street, Melrose MA 02176 has been listed for 4 days (since June 4, 2026).
What are the property taxes on 18-20 North High Street, Melrose MA 02176?
Annual property taxes are $11,079 (2025), on an assessed value of $965,900.
What is the price per square foot?
At $1,585,000 for 4,154 sqft, that's about $382 per square foot.
Is there parking?
4 total parking spaces (paved drive, off street).
Where is this property located?
18-20 North High Street, Melrose MA 02176 is in Melrose, Middlesex County, MA 02176.
