40-42 Tappan St, Melrose, MA 02176
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$850,000
2 Unit
5 Beds
2 Baths
2130 SQFT
0.16 Acre

Property Description

Calling all visionaries! Here's your chance to write the next chapter of this beloved Melrose two-family, carefully stewarded by the same family since Elvis was topping the charts. While this home might need a refresh (think more "time capsule" than "turn-key"), its bones are as solid as its location is spectacular. Perfectly perched just steps from downtown Melrose's foodie paradise and the commuter rail, this property is also a hop and skip from the wilderness wonderland of Middlesex Fells. Leave your car in the two car driveway and walk to everything that makes Melrose one of Greater Boston's most coveted communities. Amidst the vintage vibes inside lie original hardwood floors, and a generous deep lot outside begs for your garden dreams. The possibilities here are endless, but it's perfect for house hackers: live in one unit while rental income helps fund your renovation vision. Or, reimagine both units for maximum return. Opportunities like this one do not come along often!

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Amenities: House of Worship, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station
  • Basement Features: Full, Unfinished Basement, Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room, Sunroom
  • Common Interior Features: Bathroom With Tub & Shower, Pantry, Storage
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Common Heating: Electric Baseboard, Oil, Radiant

Financial

  • APOD Available: No

Utilities

  • Electric Info: 100 Amps, Other (See Remarks)
  • Energy Features: Storm 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: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73370664
  • Last Updated: 05/08/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/07/2025New$850,000$399MLSPIN

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Seller's Representative: Adam Shulman, Leading Edge Real Estate
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 2025-05-08 03:30:00

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