38-40 Albion Street

Melrose, MA
$ 889,900 Beds 6 Baths 3 Sq 3,512 Virtual Tour
Monthly Estimate* How much can I afford?

Fantastic opportunity to own this 3 UNIT MULTIFAMILY seldom available in Melrose. Great income potential or perfect for multi generational living! Apartments offer large bright rooms, freshly refinished hardwood floors, lots of updated windows, laundry hook ups in each unit & double driveways allowing for ample off street parking. 1st floor apt offers 2 bdrs, 2nd floor apartment 3 bdrs & both have open Living/Dining rms with built in China cabinets & large eat-in kitchens. 3rd floor apartment consists of living room, kitchen, one bedroom, full bath & walk-in cedar closet. Lots of storage in the basement. This property has great curb appeal, a beautiful private level yard & the location couldn't be better! Public transportation, schools & shopping just around the corner & easy proximity to downtown Melrose & highway access! Don't miss out if you are looking for an investment or extended family living! Great Melrose neighborhood!

Contingent

  • Price
  • $ 889,900
  • Lot Size
  • 7,405 SqFt
  • Bedrooms
  • 6
  • Sqr Footage
  • 3,512
  • Full Bathrooms
  • 3
  • Year Built
  • 1928
  • Half Bathrooms
  • 0
  • City, Zip
  • Melrose
  • Taxes
  • $ 8108
  • County
  • MIDDLESEX
  • Style
  • 3 Family - 3 Units Up/Down
  • Area
  • MLS#
  • 72842298
  • Zip
  • 02176
Listing Provided by: Patricia Fitzgerald with Brad Hutchinson Real Estate.
Data Source: MLSPIN

Features

General

Construction Material Frame
Electrical Equipment/Features Circuit Breakers, Varies per Unit
Elementary School TBD
Energy Features Insulated Windows, Storm Doors, Varies per Unit
Exterior Features Porch, Gutters, Fenced Yard
Flooring Tile, Hardwood
Full Baths 3
Heat Zones 3
Heated Units 2
High School Melrose
Lead Paint Unknown
Levels 3
Middle School Melrose Middle
Parking Features Off-Street, Paved Driveway, Other (See Remarks)
Parking Spaces 6
Roof Asphalt/Fiberglass Shingles
Sewer City/Town Sewer
Square Feet 3512.00
State Massachusetts

Interior Features

Basement Features Full, Walk Out, Interior Access, Concrete Floor, Unfinished Basement, Exterior Access
Bedrooms (1) 2
Bedrooms (2) 3
Bedrooms (3) 1
Hot Water Natural Gas, Tank, Tankless
Total Bedrooms 6
Total Number of Units 3

Exterior Features

Exterior Shingles
Foundation Fieldstone
House Color Harvest
Lot Description Paved Drive, Fenced/Enclosed, Level

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Methuen, MA office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School TBD Elementary School
Middle School Melrose Middle
High School Melrose High School

Price History

6/3/2021 Listed $889,900

Property vs Zip Code Average in 02176

Price
AVG $680K
$890K
Taxes
AVG $6,362
$8,108
Visits
AVG 23
14
Year Built
AVG 1935
1928

Map

Areas That We Cover

38-40 Albion Street Melrose, MA is a Single Family Home for sale at $889900 with 3512 sqft and a lot size of 7,405 SqFt Acre(s). 38-40 Albion Street Melrose has 6 bedrooms, 3 baths and was built in 1928. The property's zip code is 02176 which is in Melrose, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.