Well-maintained 4-unit multi-family property offering strong cash flow and investment potential. the building spans 3,519 sq ft on a 0.09-acre lot and features 9 bedrooms and 4 bathrooms across well designed units. Each unit includes spacious living areas, kitchens, and bedrooms. Tenants enjoy off-street parking, laundry, and easy access to Melrose shops and restaurants. Located just 0.1 miles from Lincoln Elementary School and within walking distance to the Wyoming Hill commuter rail, this property is ideal for those seeking turn key convenience. With consistent rental income and a prime location, 38-40 Hurd Street is a great opportunity for investors looking to grow their portfolio in a strong rental market or the savvy owner looking to live free
For sale
Price cut: $49K (6/5)
$1,450,000
38-40 Hurd St, Melrose, MA 02176
9beds
3,519sqft
Est.:
4 Family - 4 Units Up/Down
Built in 1900
-- sqft lot
$-- Zestimate®
$412/sqft
$-- HOA
What's special
Off-street parking
- 65 days
- on Zillow |
- 812 |
- 29 |
Zillow last checked: 7 hours ago
Listing updated: June 13, 2025 at 09:09am
Listed by:
Jonathan Mathews,
Legacy Realty Advisors LLC
Source: MLS PIN,MLS#: 73358885
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 3,519
- Total interior livable area: 3,519 sqft
- Finished area above ground: 3,519
Property
Parking
- Total spaces: 3
- Parking features: Paved Drive, Off Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
- Exterior features: Rain Gutters
Lot
- Size: 3,803 Square Feet
Details
- Parcel number: M:0B6 P:0000048,652939
- Zoning: URA
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 4 Family - 4 Units Up/Down
Materials
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station
Location
- Region: Melrose
Financial & listing details
- Price per square foot: $412/sqft
- Tax assessed value: $1,153,000
- Annual tax amount: $11,415
- Date on market: 4/16/2025
- Total actual rent: 0
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