38-40 Hurd St, Melrose, MA 02176
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$1,550,000
4 Unit
9 Beds
4 Baths
3519 SQFT
0.09 Acre

Property Description

***Open House Sunday 12-2 one unit only***Well-maintained 4-unit multi-family property offering strong cash flow and investment potential. the building spans 3,519 sq ft on a 0.09-acre lot and features 9 bedrooms and 4 bathrooms across well designed units. Each unit includes spacious living areas, kitchens, and bedrooms. Tenants enjoy off-street parking, laundry, and easy access to Melrose shops and restaurants. Located just 0.1 miles from Lincoln Elementary School and within walking distance to the Wyoming Hill commuter rail, this property is ideal for those seeking turn key convenience. With consistent rental income and a prime location, 38-40 Hurd Street is a great opportunity for investors looking to grow their portfolio in a strong rental market or the savvy owner looking to live free

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 9
  • Total Full Baths: 4
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, T-Station, Walk/Jog Trails
  • Basement Features: Full

Financial

  • APOD Available: No

Utilities

  • Heat Zones: 4
  • 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

Unit 3 Description

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

Unit 4 Description

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

Construction

  • Year Built: 1900
  • Type: 4 Family - 4 Units Up/Down
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73358885
  • Last Updated: 04/18/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/16/2025New$1,550,000$440MLSPIN
07/26/2022Sold$1,114,000$317MLSPIN
05/11/2022Under Agreement$1,350,000$384MLSPIN
05/06/2022Active$1,350,000$384MLSPIN
05/02/2022Back on Market$1,350,000$384MLSPIN
04/07/2022Under Agreement$1,350,000$384MLSPIN
03/24/2022Active$1,350,000$384MLSPIN

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Seller's Representative: Jonathan Mathews, Keller Williams Realty Evolution
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-04-18 08:29:00

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