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

This well-maintained three-family in Melrose offers immediate income and strong long-term upside. Set on a generous 13,000 sq ft lot, it provides exceptional parking and valuable outdoor space. Unit 1 features three bedrooms, including a Primary Suite, plus a lower-level family room with private entrance and in-unit laundry. It rents for $3,400 per month and includes exclusive use of an oversized two-car garage, boosting appeal and revenue. The other two units are occupied by long-term tenants, ensuring stable income. All units have separate utilities, hardwood floors, and replacement windows, creating an efficient, low-maintenance setup. With solid rental history and clear potential for future value growth, this property is a smart addition to any portfolio—an ideal time to secure it before the Spring Market accelerates.

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: 01/12/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
01/03/2026Active$1,375,000$347MLSPIN
12/30/2025New$1,375,000$347MLSPIN
03/01/2023Sold$1,120,000$283MLSPIN
01/19/2023Under Agreement$1,139,000$287MLSPIN
01/09/2023Active$1,139,000$287MLSPIN
01/05/2023New$1,139,000$287MLSPIN

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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 2026-01-12 08:27:00