Active
3 Days on market
143 Myrtle Street Melrose — Photo 1 of 27

143 Myrtle Street Melrose — Photo 1 of 27

$879,900

Investment Analysis — 143 Myrtle Street

Melrose, MA 02176

Based on rent reported on the MLS listing, a 2-unit multi-family in 02176 carries $4,600/mo in gross rent — about a 3.78% cap rate and $33,289/yr in estimated NOI at the $879,900 list price. Adjust every assumption in the calculator below.

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Beds

4

Baths

2

SqFt

1,811

Style

Multi Family

Built

1860

Positioned just moments from downtown Melrose, this well-maintained two-family offers a rare opportunity to own in one of the city's most sought-after and convenient locations. From coffee shops and restaurants to local boutiques, the library, parks, commuter rail, and seasonal farmers market, everything that makes Melrose such a desirable place to live is right outside your door. With a NEW ROOF and the first-floor unit now VACANT, the property offers added flexibility for an owner-occupant or investor. Both units feature updated kitchens with stone countertops, generous living spaces, and wood floors throughout much of each unit. The second-floor unit is currently occupied by a tenant-at-will. A shared outdoor patio creates additional space to relax or gather, while four off-street parking spaces provide a valuable convenience rarely found this close to downtown. Whether you're looking to move right in while generating rental income or add to your investment portfolio, this property combines location, flexibility, and opportunity in the heart of Melrose.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$879,900
Annual Taxes$8,663

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms9
FireplacesNone
FlooringWood, Tile
BasementFull, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingBaseboard, Oil, Electric
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock, Stone
ZoningURD

Property & Lot

Acres0.15
SqFt Lot6,342
Lot Features--

Amenities & Appliances

Range • Refrigerator • Microwave

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Property History

Listed
$879,900

Sep 23, 2026

MLS® 73581327

Terminated
$879,900

Jul 31, 2026

MLS® 73537449

Listed
$879,900

Jun 17, 2026

MLS® 73537449

Listing Provided By

Listing Agent: Kim Izzi

Listing Office: Leading Edge Real Estate

MLS® Number: 73581327