38-40 Hurd Street, Melrose, MA 02176
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$1,450,000
4 Unit
9 Beds
4 Baths
3519 SQFT
0.09 Acre

Property Description

***Open House Saturday 1-2:30pm***Investor and owner-occupant opportunity in the heart of Melrose! Well-maintained 4-family property offering strong income potential and flexible living arrangements. This spacious multi-unit building features 9 bedrooms and 4 full baths across approximately 3,519 sq ft of living space. Units offer functional layouts with bright living areas, updated kitchens, hardwood/vinyl flooring, and separately metered utilities. Additional highlights include off-street parking, shared laundry, and a full basement for storage. Conveniently located near downtown Melrose shops, restaurants, parks, schools, and public transportation, including the Wyoming Hill commuter rail station for easy access to Boston. Excellent opportunity to expand your investment portfolio or offset your mortgage with rental income in one of Melrose’s most desirable neighborhoods

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 5
  • Total Bedrooms: 9
  • Total Full Baths: 4
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, T-Station, Walk/Jog Trails
  • Basement Features: Full

Financial

  • APOD Available: No

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 4 Description

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

Construction

  • Year Built: 1900
  • Type: 4 Family - 4 Units Up/Down
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73521788
  • Last Updated: 05/24/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/24/2026Active$1,450,000$412MLSPIN
05/20/2026New$1,450,000$412MLSPIN
07/09/2025Canceled$1,450,000$412MLSPIN
06/29/2025Active$1,450,000$412MLSPIN
06/25/2025Extended$1,450,000$412MLSPIN
06/09/2025Active$1,450,000$412MLSPIN
06/05/2025Price Change$1,450,000$412MLSPIN
06/03/2025Active$1,499,000$426MLSPIN
05/30/2025Extended$1,499,000$426MLSPIN
05/17/2025Active$1,499,000$426MLSPIN
05/13/2025Price Change$1,499,000$426MLSPIN
04/20/2025Active$1,550,000$440MLSPIN
04/16/2025New$1,550,000$440MLSPIN

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Seller's Representative: Jonathan Mathews, Legacy Realty Advisors LLC
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 2026-05-24 03:06:00

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