48-50 Melrose Street, Arlington MA 02474

Arlington, MA 02474
$1,250,000
Est. $7,502/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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5
Beds
2
Baths
2,469
Sq Ft
$506
Price/Sq Ft
0.11
Acres
1940
Year Built
4
Parking
14 hours 31 minutes
Time on Market
For Sale Open House Listed Oct 5, 2026 • MLS# 73586689 Copied! • Updated Oct 5, 2026

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Open House Schedule

11
Oct
Sunday, October 11
12:00 PM - 1:30 PM EDT
10
Oct
Saturday, October 10
12:00 PM - 1:30 PM EDT

About this home

Well-maintained two-family home in a desirable East Arlington location offering spacious layouts, beautiful hardwood floors, and excellent commuter convenience. The first-floor unit features hardwood floors throughout the living room, dining room, and bedrooms, along with a charming built-in dining room hutch. The eat-in kitchen includes an adjoining pantry, and first-floor laundry is conveniently located in the clean, spacious basement. The second unit offers two levels of living space. The main level features two bedrooms, an office, enclosed front porch, living room, dining room, and eat-in kitchen. Beautiful hardwood floors enhance the living room, dining room, office, and bedrooms, while a classic built-in hutch adds character and detail to the dining room. A separate laundry room with additional pantry space is located off the kitchen. The second-floor unit also features a private back deck, providing additional outdoor space. The third floor includes a bedroom and plenty of open space offering excellent potential for future expansion. Additional highlights include a newer roof, an oversized double driveway, a newer furnace serving the second unit and generous basement space. Excellent location close to Mass Ave, the Minuteman Bikeway, Alewife T Station, Route 2, and public bus transportation. A wonderful opportunity for owner-occupants or investors!

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Oct 5, 2026
$1,250,000
Original listing
Agent: Guy Contaldi Office: REMAX Andrew Realty Services

Tax History

Year Taxes Assessment
2026 $11,780 $1,104,000

Financial Details

Annual Property Tax
$11,780
Tax Year 2026
Assessed Value
$1,104,000

Facts & Features

Home Facts

Type Residential Income
Style Multi Family
Year Built 1940
Living Area 2,469 sq ft
Lot Size 0.11 acres
Stories 3
Bedrooms 5
Full Baths 2
Total Rooms 12

Investment Metrics

Units 2
Unit 1 Rent $2,700/mo · N
Unit 2 Rent — · N
Total Monthly Rent $2,700/mo
Gross Income $32,400
Net Operating Income $32,400
Cap Rate 2.59%
Heating Hot Water, Natural Gas
Cooling None
Flooring Tile, Laminate, Hardwood, Stone/ceramic Tile
Appliances Range, Dishwasher, Refrigerator, Washer, Dryer
Fireplace None
Basement Full, Sump Pump, Concrete, Unfinished
Laundry Washer Hookup
Features Ceiling Fan(s), Bathroom With Tub, Walk-up Attic, Bathroom With Shower Stall, Living Room, Dining Room, Kitchen, Laundry Room, Office/den, Sunroom
Construction Frame
Architecture None
Roof Shingle
Features Balcony/deck, Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Porch, Deck
Features Paved Drive, Off Street
Total Spaces 4
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Range, Washer Hookup

Financial

Annual Tax $11,780
Assessed Value $1,104,000
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures Photos With Furniture Are Virtually Staged. All Measurements And Details Provided In This Listing, While Provided With The Best Of Our Knowledge And Intentions, Are Approximate. Buyers And Buyers Agents Are Advised To Independently Verify All Information For Exactness.
Possession None
Accepted Financing None
Structure Type []
House Color White
Sq Ft Source Public Record
Documents None
County Middlesex

Property Overview

Property Type
Multi Family
Listing Type
For Sale
Year Built
1940
Bedrooms
5
Full Bathrooms
2
Living Area
2,469 sq ft
Total Rooms
12
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring: Tile, Laminate, Hardwood, Stone/Ceramic Tile
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Interior Features: Ceiling Fan(s), Bathroom With Tub, Walk-Up Attic, Bathroom with Shower Stall, Living Room, Dining Room, Kitchen, Laundry Room, Office/Den, Sunroom
Windows: Insulated Windows
Basement: Full, Sump Pump, Concrete, Unfinished
Laundry: Washer Hookup
Security:

Construction & Materials

Year Built: 1940
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Block
Stories: 3

Heating, Cooling & Utilities

Heating: Hot Water, Natural Gas
Heating Zones: 2
Cooling: None
Hot Water: Natural Gas, Tank
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony/Deck, Rain Gutters
Patio & Porch: Porch, Deck
Fencing:
Other Structures: Shed(s)
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 4
Parking Features: Paved Drive, Off Street
School District
Arlington School District local
A+
✓ School Safety 2024-25
0.5% Low
0.4% Suspensions 0.2% In-School 0.1% Emergency
↓ 5.0% below state avg
E

Elementary Schools

10 schools
Lesley Ellis School
0.3 mi
Grades PK-07
St. Agnes Elementary School
0.9 mi
Grades K-08
A
Hardy School
0.2 mi | #117 of 825 | Score: 58.3
Improved 5 spots from last year
+0.1 above state avg
410 students Diverse
Strong Attendance
Grades K-05
A-
Thompson Elementary School
0.6 mi | #193 of 825 | Score: 55.1
Dropped 44 spots from last year
-3.1 below state avg
516 students Diverse
Strong Attendance
Grades K-05
Arlington Children's Center
1.1 mi
Grades PK-K
Menotomy Preschool
1.1 mi
79 students Very Diverse
Diverse Student Body
Grades PK
A+
John A Bishop School
1.6 mi | #54 of 825 | Score: 62.2
Improved 8 spots from last year
+4 above state avg
376 students Moderate
Strong Attendance
Grades K-05
A
Brackett School
1.8 mi | #119 of 825 | Score: 58.2
Dropped 6 spots from last year
+0 above state avg
380 students Diverse
Strong Attendance
Grades K-05
A-
M. Norcross Stratton Elementary School
2.2 mi | #186 of 825 | Score: 55.7
Dropped 44 spots from last year
-2.5 below state avg
423 students Diverse
Diverse Student Body Strong Attendance
Grades K-05
A+
Cyrus E Dallin School
2.5 mi | #38 of 825 | Score: 63.1
Improved 182 spots from last year
+4.9 above state avg
373 students Diverse
Rising School Strong Attendance
Grades K-05
M

Middle Schools

2 schools
A+
Gibbs School
0.5 mi | #32 of 352 | Score: 59.9
Improved 7 spots from last year
+1.7 above state avg
480 students Diverse
Strong Attendance
Grades 06
A+
Ottoson Middle School
2.1 mi | #4 of 352 | Score: 65.7
Improved 13 spots from last year
+7.5 above state avg
977 students Diverse
Strong Attendance
Grades 07-08
H

High Schools

1 school
Arlington Catholic High School
1.0 mi
17 sports • 1,412 athletes
Strong Athletics
Grades 09-12
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $982
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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

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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.

Location

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Neighborhood

48-50 Melrose Street, Arlington MA 02474

Arlington, MA 02474

Listing Information

Listing Agent Guy Contaldi
Listing Office REMAX Andrew Realty Services
Office Phone 781-395-7676
Agent MLS ID BB923086
Office MLS ID AC2354
Listing Data Updated Oct 5, 2026 1:57 PM 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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