3 Hunnewell St, Melrose, MA 02176
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$1,375,000
3 Unit
7 Beds
4 Baths
3964 SQFT
0.30 Acre

Property Description

Three family in Melrose represents a strong investment opportunity with immediate income & long-term upside. Set on a nice13k sq ft lot, the property offers exceptional parking capacity & outdoor space. Unit 1 delivers a desirable three bedrooms, including a Primary Suite, plus a lower-level family room with private entrance & in-unit laundry. This unit currently rents for $3,400 per month & includes exclusive use of the oversized two-car garage, enhancing both appeal & revenue potential. Units are occupied by long-term tenants, providing stable, predictable income. All units have separate utilities, hardwood floors and replacement windows throughout. This is an efficient setup that keeps operating costs manageable. With strong tenant history, and opportunities for future value growth, this property would be a strategic addition to any portfolio. Get in now before the Spring Market takes off......

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 4
  • Total Bedrooms: 7
  • Total Full Baths: 4
  • Amenities: Conservation Area, Golf Course, Highway Access, House of Worship, Medical Facility, Park, Walk/Jog Trails
  • Basement Features: Full, Interior Access, Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Ceiling Fans, Stone/Granite/Solid Counters, Storage
  • Common Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Common Heating: Central Heat, Extra Flue, Forced Air, Gas, Heat Pump, Hot Water Radiators, Oil, Steam
  • Common Cooling: Central Air

Financial

  • APOD Available: No
  • Gross Operating Income: 88800
  • Net Operating Income: 88800

Utilities

  • Heat Zones: 4
  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Energy Features: Insulated Windows
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Irregular, Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73464224
  • Last Updated: 01/05/26

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Seller's Representative: Dale Brousseau, Trinity 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 2026-01-05 16:46:00