333 Main St, Melrose MA 02176

Melrose, MA 02176
$7,700,000
Est. $42,230/month
40
Beds
23
Baths
22,324
Sq Ft
$345
Price/Sq Ft
0.47
Acres
1961
Year Built
35
Days on Market
Pending Listed May 27, 2025 • MLS# 73380111 Copied!

About this home

333 Main St is a four-story brick building with 23 residential units consisting of (7) 1-Bed/1-Bath units, (15) 2-Bed/1-Bath units, and (1) 3-Bed/1-Bath unit. The units, which feature hardwood flooring, are separately metered for heat (electric), hot water (electric) and electricity, which are paid for directly by the tenants. The Landlord is responsible for common area electric and domestic water and sewer. 333 Main Street features ample off-street parking with 23 spaces. The Property also offers an on-site laundry facility, and each unit has a private walk-out patio or balcony. 333 Main Street offers the opportunity to acquire a well-maintained investment Property with upside in an exceptional, urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. The Melrose submarket continues to accelerate thanks to continued commercial and infrastructure development in Melrose.

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1961
Bedrooms
40
Full Bathrooms
23
Living Area
22,324 sq ft
Total Rooms
86
Stories
4
Levels
4

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1961
Living Area 22,324 sq ft
Lot Size 0.47 acres
Bedrooms 40
Full Baths 23
Total Rooms 86

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street
Total Spaces 23

Utilities

Electric Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $37,131
Assessed Value $3,750,600

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1961
Structure Type:
Exterior Materials:
Roof: Rubber
Foundation: Other
Stories: 4

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Electric
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Total Parking Spaces: 23
Parking Features: Off Street

Location

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Neighborhood

333 Main St, Melrose MA 02176

Melrose, MA 02176

Walkability

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Schools

School information not available

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
%
Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $3,094
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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$0/mo
Save $0/mo
Current Rate
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+0.5% Rate
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Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
May 27, 2025
$7,700,000
Original listing
Agent: Kelleher - Pentore Team Office: Horvath & Tremblay

Price & Status History

Date Event Price Change
May 27, 2025 New Listing Added $7,700,000

Market Statistics

Days on Market
35 days
Price per Sq Ft
$345

Tax History

Year Taxes Assessment
25 $37,131 $3,750,600

Financial Details

Annual Property Tax
$37,131
Tax Year 25
Assessed Value
$3,750,600

Listing Information

Listing Agent Kelleher - Pentore Team
Listing Office Horvath & Tremblay
Agent MLS ID TM359859
Office MLS ID AN2723
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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