3-5 E Foster St
Melrose, MA 02176

$1,450,000

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Listing Details

$1,450,000
MLS# 73490896
Type Commercial - Business
Status Active Under Contract

4,497
Square Feet
0.047 acres
Lot Size
1860
Year Built

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Listed By

Agency Name: Barrett Sotheby's International Realty
Agency Phone: 781-729-7900
Agent Name: Lesley Smith

Shown By

Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080

Home Value Estimate

Description

Classic Victorian mixed-use building in the heart of downtown Melrose, just steps to shops, restaurants, commuter rail, and bus lines. This well-maintained and highly admired property features four residential units and two commercial spaces with excellent street frontage and visibility. All units are fully rented, generating high, consistent operating income. The building has seen numerous updates, including renovated kitchens and baths in select units, updated flooring, newer water heaters, and a new chimney liner, offering both charm and modern reliability. With ample nearby public parking and a prime location in a vibrant downtown setting,...read more

Features

$24,381 Taxes
Built in 1860

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