9 Elm St, Melrose MA 02176
Melrose, MA 02176
$1,049,000
$975,000
Est. $5,793/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
is pleased to present this two-family investment property located at 9 Elm Street in Melrose, MA. The three-story building contains two (2) 3-Bedroom/1-Bathroom units with 2,630 square feet of gross living area in 5,544 square feet of gross area. Both units offer in-unit laundry and porches. Additional value-add opportunities can be leveraged for an investor or savvy owner-occupant. The Property is situated upon a 0.134-acre corner parcel and features two (2) off-street parking spaces. 9 Elm Street is well-positioned in downtown Melrose, offering strong access to the city's central business district, neighborhood retail corridors, and surrounding residential neighborhoods.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
7.1%
Price Range
Property Timeline
Price Reduced
Aug 31, 2026
$975,000
$74,000
(-7.05%)
From $1,049,000 to $975,000 (-7.0%)
Listed for Sale
Jun 22, 2026
$1,049,000
Original listing
Agent: Kelleher - Pentore Team
Office: Horvath & Tremblay
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/31/2026 | ↓ Price Reduced | $975,000 | $74,000 | - | From $1,049,000 to $975,000 (-7.0%) |
| 06/22/2026 | 🏠 Listed for Sale | $1,049,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $7,949 | $802,900 |
Financial Details
Annual Property Tax
$7,949
Tax Year 2025
Assessed Value
$802,900
Facts & Features
Home Facts
Type
Residential Income
Style
2 Family - 2 Units Up/Down
Year Built
1896
Living Area
2,630 sq ft
Lot Size
0.13 acres
Stories
3
Bedrooms
6
Full Baths
2
Total Rooms
15
Investment Metrics
Units
2
Unit 1 Rent
$1,300/mo · N
Unit 2 Rent
— · N
Total Monthly Rent
$1,300/mo
Gross Income
$15,600
Net Operating Income
$31,966
Operating Expenses
$18,435
Cap Rate
3.28%
Interior
Heating
None
Cooling
None
Flooring
Wood
Appliances
None
Fireplace
None
Basement
Unfinished
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street
Total Spaces
2
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$7,949
Assessed Value
$802,900
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)
74 days
Property Overview
Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1896
Bedrooms
6
Full Bathrooms
2
Living Area
2,630 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,630 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
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:
Wood
Appliances:
Interior Features:
Windows:
Basement:
Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1896
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Paved Drive, Off Street
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
Early Childhood Center
0.3 mi
247 students
Diverse
Grades PK-K
A+
Horace Mann School
0.4 mi
|
#74 of 825
|
Score: 60.6
Dropped 68 spots from last year
+2.3 above state avg
258 students
Moderate
Strong Attendance
Grades K-05
A+
Winthrop School
0.5 mi
|
#79 of 825
|
Score: 60.3
Improved 11 spots from last year
+2.1 above state avg
372 students
Less Diverse
Strong Attendance
Grades K-05
Middle Schools
3 schools
A-
Melrose Middle School
0.5 mi
|
#89 of 352
|
Score: 50.7
Improved 9 spots from last year
-7.5 below state avg
830 students
Moderate
Grades 06-08
C+
Saugus Middle School
1.7 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
B+
Stoneham Central Middle School
2.5 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
High Schools
3 schools
C
Saugus High School
1.7 mi
|
#265 of 346
|
Score: 46.1
Improved 3 spots from last year
-12.1 below state avg
695 students
Diverse
17 sports
• 972 athletes
College Ready Curriculum
Strong Athletics
Diverse Student Body
Grades 09-12
A-
Stoneham High School
1.8 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
A-
Wakefield Memorial High School
2.1 mi
|
#80 of 346
|
Score: 63.2
Improved 15 spots from last year
+5 above state avg
871 students
Moderate
18 sports
• 1,930 athletes
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$662
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
-0.5% Rate
$0/mo
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Current Rate
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+0.5% Rate
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Payment Over Time
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
9 Elm St, Melrose MA 02176
Melrose, MA 02176
Listing Information
Listing Agent
Kelleher - Pentore Team
Listing Office
Horvath & Tremblay
Office Phone
781-776-4000
Agent MLS ID
TM359859
Office MLS ID
AN2723
Listing Data Updated
Sep 4, 2026 3:05 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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