333 Main St, Melrose, MA 02176
View Map
$7,700,000
23 Unit
40 Beds
23 Baths
22324 SQFT
0.47 Acre

Property Description

333 Main St is a four-story brick building with 23 residential units consisting of (7) 1-Bed/1-Bath units, (15) 2-Bed/1-Bath units, and (1) 3-Bed/1-Bath unit. The units, which feature hardwood flooring, are separately metered for heat (electric), hot water (electric) and electricity, which are paid for directly by the tenants. The Landlord is responsible for common area electric and domestic water and sewer. 333 Main Street features ample off-street parking with 23 spaces. The Property also offers an on-site laundry facility, and each unit has a private walk-out patio or balcony. 333 Main Street offers the opportunity to acquire a well-maintained investment Property with upside in an exceptional, urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. The Melrose submarket continues to accelerate thanks to continued commercial and infrastructure development in Melrose.

Property Details tap to expand

Building Information

  • Total Units: 23
  • Total Floors: 4
  • Total Bedrooms: 40
  • Total Full Baths: 23
  • Amenities: Bike Path, Highway Access, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails

Financial

  • APOD Available: Yes
  • Gross Operating Income: 665704
  • Gross Expenses: 173548
  • Net Operating Income: 492156

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Construction

  • Year Built: 1961
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Other (See Remarks)
  • Roof Material: Rubber
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73380111
  • Last Updated: 05/31/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/31/2025Active$7,700,000$345MLSPIN
05/27/2025New$7,700,000$345MLSPIN

Mortgage Calculator

View Breakdown

Map

Seller's Representative: Kelleher - Pentore Team, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1.75
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-05-31 03:05:00