103 East Foster Street, Melrose, MA 02176
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$849,900
2 Unit
5 Beds
2 Baths
2100 SQFT
0.11 Acre

Property Description

Incredible investment opportunity waits for a savvy buyer. Live in one unit and rent the other or enjoy multiple streams of income. This well-maintained two-family home offers a fantastic 3 bed, 1 bath unit on the main level which also features a fireplace living room. The lower-level unit boasts 2 bedrooms, 1 bath and great living space. Enjoy the ease of separate utilities which include newer heating systems and hot water tanks. Additional highlights include a newer roof and off-street parking! The home's incredible commuter location sits near the commuter rail and offers easy access to major highways.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 2
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Total Fireplaces: 1
  • Amenities: Golf Course, Medical Facility, Park, Public School, Public Transportation, Shopping
  • Basement Features: Finished, Full, Interior Access, Other (See Remarks), Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room, Mudroom, Sunroom
  • Common Interior Features: Bathroom With Tub, Ceiling Fans
  • Common Appliances: Range, Refrigerator
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: No
  • Gross Operating Income: 21600
  • Net Operating Income: 21600

Utilities

  • Heat Zones: 2
  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1972
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wall to Wall Carpet
  • Lead Paint: None
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73337287
  • Last Updated: 02/22/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/21/2025New$849,900$405MLSPIN

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Seller's Representative: Joanne Mulkerin, J. Mulkerin Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-02-22 03:30:00

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