3-5 E Foster St, Melrose, MA 02176 (MLS # 73490896)

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PRICE $1,450,000 dsIDX morgage calculator
SIZE 4,497 sqft
LOT SIZE 2,178 sqft

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, this is a rare opportunity for investors seeking a turnkey property with solid income and long-term upside.

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Listing provided by Lesley Smith, Barrett Sotheby's International Realty
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