8 Glen Ave, Melrose, MA 02176
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$820,000
2 Unit
6 Beds
2 Baths
1989 SQFT
0.14 Acre

Property Description

Looking for that great investment in Melrose. Well here is an affordable low maintenance two family home in a quiet neighborhood. Just a short walk and you are at the commuter rail or downtown Melrose with plenty of shopping and restaurants plus Pine Banks Park all very close by. Both units are three bedroom's each with happy tenants paying their own utilities. Each unit has a private storage shed, their own parking spaces, washer & dryer hook up's in unit. Some recent updates are a new roof, new Hardie siding & trim so very low maintenance and new electrical panels in each unit. Open house Saturday 3/8 12-1:30.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 2
  • Amenities: Golf Course, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Tile Floor
  • Common Appliances: Range, Refrigerator
  • Common Heating: Electric, Forced Air, Space Heater

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 63600
  • Gross Expenses: 9327
  • Water/Sewer: 4180
  • INSC: 1647
  • Repairs & Maintenance: 3000
  • Miscellaneous Expense: 500
  • Net Operating Income: 54273

Utilities

  • Electric Info: 110 Volts, 200 Amps, Circuit Breakers, Individually Metered, On-Site, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Dryer, for Electric Oven, for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1968
  • Construction Type: Aluminum, Frame
  • Foundation Info: Slab
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Tile, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73340668
  • Last Updated: 03/04/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/04/2025New$820,000$412MLSPIN

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Seller's Representative: Kevin Kelleher, SmartHomes 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 2025-03-04 03:12:00

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