50-52 Albion St, Melrose, MA 02176
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$1,090,000
2 Unit
5 Beds
3 Baths
2390 SQFT
0.17 Acre

Property Description

Fantastic 2-Family in the Heart of Melrose! Located on a beautiful side street just steps from the commuter rail, coffee shops, restaurants, and Whole Foods, this property offers unmatched walkability and endless possibilities. Perfect for investment or multi-generational living, this well-maintained home is a must-see.The first-floor unit features 2 bedrooms, 1.5 baths, a spacious living room, dining room, kitchen with pantry, and a bright sunporch.The second-floor unit offers 3 bedrooms, 1 bath, a large living room, dining room, kitchen with pantry, and a charming sunroom. A walk-up attic provides incredible potential for expansion or extra storage.Both units include basement storage with laundry, private decks, and access to a shared yard with ample parking. The seller has meticulously maintained this property, making it a rare find in an unbeatable location. Don’t miss this one!

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 4
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Amenities: Conservation Area, Highway Access, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, Tennis Court, Walk/Jog Trails
  • Basement Features: Full
  • Common Rooms: Dining Room, Kitchen, Living Room, Sunroom
  • Common Interior Features: Crown Molding, Pantry, Storage, Tile Floor, Walk-Up Attic
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Common Heating: Electric Baseboard, Oil, Radiant

Financial

  • APOD Available: No
  • Gross Operating Income: 28500
  • Net Operating Income: 28500

Utilities

  • Heat Zones: 2
  • Electric Info: 200 Amps
  • Utility Connections: for Gas Range
  • 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: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1929
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73424036
  • Last Updated: 09/06/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/06/2025Active$1,090,000$456MLSPIN
09/02/2025New$1,090,000$456MLSPIN

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Seller's Representative: Leeman & Gately, Compass
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 2025-09-06 03:05:00

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