46-48 Cleveland St, Melrose MA 02176
Melrose, MA 02176
$1,599,000
Est. $9,120/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
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.
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Pending Sale
Aug 28, 2026
Offer accepted, sale pending
Listed for Sale
Aug 4, 2026
$1,599,000
Original listing
Agent: Derek Greene
Office: The Greene Realty Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/28/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 08/04/2026 | 🏠 Listed for Sale | $1,599,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $10,016 | $1,011,700 |
Financial Details
Annual Property Tax
$10,016
Tax Year 2025
Assessed Value
$1,011,700
Facts & Features
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1900
Living Area
4,590 sq ft
Lot Size
0.18 acres
Stories
4
Bedrooms
8
Full Baths
4
Total Rooms
18
Investment Metrics
Units
4
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Unit 4 Rent
— · N
Interior
Heating
Forced Air, Natural Gas, Individual, Unit Control
Cooling
None
Flooring
Vinyl, Hardwood
Appliances
Range, Dishwasher, Microwave, Range Hood
Fireplace
None
Basement
Full, Interior Entry, Concrete, Slab
Laundry
Gas Dryer Hookup, Washer Hookup
Features
Ceiling Fan(s), Bathroom With Tub, Smart Thermostat, Living Room, Kitchen, Office/den
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
Balcony/deck
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Off Street, Paved
Total Spaces
6
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Electric Range, For Gas Oven, For Electric Oven, For Gas Dryer, Washer Hookup, Varies Per Unit
Financial
Annual Tax
$10,016
Assessed Value
$1,011,700
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
24 days
Property Overview
Property Type
4 Family
Listing Type
Sale Pending
Year Built
1900
Bedrooms
8
Full Bathrooms
4
Living Area
4,590 sq ft
Total Rooms
18
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,590 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Vinyl, Hardwood
Appliances:
Range, Dishwasher, Microwave, Range Hood
Interior Features:
Ceiling Fan(s), Bathroom With Tub, Smart Thermostat, Living Room, Kitchen, Office/Den
Windows:
Insulated Windows
Basement:
Full, Interior Entry, Concrete, Slab
Laundry:
Gas Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Block
Stories:
4
Heating, Cooling & Utilities
Heating:
Forced Air, Natural Gas, Individual, Unit Control
Cooling:
Hot Water:
Electric, Tank
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Thermostat
Exterior & Lot
Exterior Features:
Balcony/Deck
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
6
Parking Features:
Off Street, Paved
Nearby Schools
School District
Melrose School District local
A
School Safety
2024-25
0.6%
Low
0.4%
Suspensions
0.4%
In-School
0.2%
Emergency
4.9% below state avg
Elementary Schools
3 schools
A-
Lincoln School
0.3 mi
|
#205 of 825
|
Score: 54.6
Improved 119 spots from last year
-3.6 below state avg
387 students
Diverse
Rising School
Diverse Student Body
Strong Attendance
Grades K-05
St. Mary Elementary School
0.3 mi
Grades PK-08
A
Roosevelt School
0.8 mi
|
#107 of 825
|
Score: 58.8
Improved 117 spots from last year
+0.6 above state avg
366 students
Moderate
Rising School
Strong Attendance
Grades K-05
Middle Schools
3 schools
A-
Melrose Middle School
0.7 mi
|
#89 of 352
|
Score: 50.7
Improved 9 spots from last year
-7.5 below state avg
830 students
Moderate
Grades 06-08
B+
Stoneham Central Middle School
2.3 mi
|
#129 of 352
|
Score: 46.2
Dropped 30 spots from last year
-12 below state avg
678 students
Moderate
Strong Attendance
Grades 05-08
C+
Saugus Middle School
2.6 mi
|
#247 of 352
|
Score: 36.4
Improved 64 spots from last year
-21.8 below state avg
612 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
3 schools
A-
Stoneham High School
1.4 mi
|
#89 of 346
|
Score: 61.7
Improved 39 spots from last year
+3.5 above state avg
598 students
Moderate
17 sports
• 1,334 athletes
Strong AP Program
High Graduation Rate
Rising School
College Ready Curriculum
Grades 09-12
C+
Malden High School
2.0 mi
|
#225 of 346
|
Score: 49.9
Improved 73 spots from last year
-8.3 below state avg
1,792 students
Very Diverse
14 sports
• 856 athletes
Strong AP Program
Early College Program
Rising School
Diverse Student Body
Grades 09-12
Malden Catholic High School
2.4 mi
19 sports
• 2,126 athletes
Strong Athletics
Grades 09-12
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Monthly Payment Calculator
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$835
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
46-48 Cleveland St, Melrose MA 02176
Melrose, MA 02176
Listing Information
Listing Agent
Derek Greene
Listing Office
The Greene Realty Group
Office Phone
888-278-5840
Agent MLS ID
CT004394
Office MLS ID
K95593
Listing Data Updated
Aug 29, 2026 3:30 AM EDT
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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