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355 Boylston St / (617) 233-5800

18-20 North High Street

Melrose, MA ID #73530094

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18-20 North High Street

- Melrose, MA ID #73530094

Property Description

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.

Additional Details

  • Status: ACT
  • Type: Multi-Family, Quadruplex
  • Zip Code: 02176
  • Taxes: 11,079
  • Levels: 5
  • Acres: 0.11

Parking

  • Garage Capacity: 4
  • Parking: Paved, Off Street
  • Parking Spaces: 4

Rooms/Dimensions

  • Total Units: 4
  • Total Floors: 5
  • Total Rooms: 17
  • Has Basement: Yes

Location

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18-20 North High Street, Melrose, MA

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Content © 2026 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Jill Plank Butler of Newell Realty. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.