54-56 Dell Ave, Melrose, MA 02176

5 beds3 baths1,750 sqft Edit

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Off Market
Zestimate®: $398,225
Rent Zestimate®: $1,904/mo
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My Notes

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Investors take notice of this great opportunity, a 3 family on a great side street in Melrose. A studio unit in the lower level consisting of 3 rooms, rent $700, 1st floor 4 rooms rent $925, 2nd floor 4 rooms rent $915. Tenants all pay for their own utilities which are all separate, parking for 4-5 cars. Lovely front porch and level rear yard. Lower level has a new kitchen 12x9, bedroom 12x9, bath and is newer. 2 Gas meters, 2 100 ACB, 3 HW heaters, 1st floor Gas 1/24/13, 2nd floor Gas 12/15/15, Lower level electric 10/5/11. Ideal location !! Walk to Melrose square!! Close to commuter rail, Oak Grove, or a bus to Malden. Walk to all the wonderful shops and restaurants that Melrose has to offer.

Facts

  • Lot: 4,562 sqft
  • Multi Family
  • Built in 1895
  • Heating: Other
  • Last sold: Nov 1980 for $47,800

Features

  • Finished basement, 499 sqft
  • Fireplace
  • Parking: 5 spaces

Additional Features

  • AMENITIES \ Public Transportation, AMENITIES \ Shopping, AMENITIES \ T-Station, APOD_AVAILABLE \ No, BASEMENT_FEATURE \ Full, BEACHFRONT_FLAG \ No, COL_DSCRP_1 \ None, COL_DSCRP_2 \ None, ELECTRIC_FEATURE \ 200 Amps, ENTRY_ONLY \ No, EXTERIOR \ Vinyl, EXTERIOR_FEATURES \ Porch, FOUNDATION \ Fieldstone, HEA_DSCRP_1 \ Gas, HEA_DSCRP_2 \ Gas, HOT_WATER \ Natural Gas, HOW_SHOWN_BB \ Appointment Required, HOW_SHOWN_BB \ Call List Office, HOW_SHOWN_FB \ Appointment Required, HOW_SHOWN_FB \ Call List Office, LOT_DESCRIPTION \ Paved Drive, MF_TYPE \ 3 Family, PROP_TYPE \ Multi-family, RMS_DSCRP_1 \ Kitchen, RMS_DSCRP_1 \ Living Room, RMS_DSCRP_2 \ Kitchen, RMS_DSCRP_2 \ Living Room, ROOF_MATERIAL \ Asphalt/Fiberglass Shingles, YEAR_ROUND \ Yes

Construction

  • Exterior material: Vinyl
  • Roof type: Other
  • Room count: 15
  • Stories: 2
  • Structure type: Other
  • Unit count: 3

Other

  • Floor size: 1,750 sqft
  • Parcel #: M:0D7 P:0000023
  • Unit floor #: 2
  • Zillow Home ID: 56288413

Zestimate Details

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$398,225
+$1,598 Last 30 days
$378K
$426K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$1,904/mo
+$67 Last 30 days
$1.7K
$2.5K
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Popularity on Zillow

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Comparable Homes

Homes like this sold for $340-490K.

$290K
$540K
 

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Neighborhood

Market guide

Zillow predicts 02176 home values will increase 0.3% next year, compared to a 0.3% rise for Melrose as a whole. Among 02176 homes, this home is valued 11.8% less than the midpoint (median) home, and is valued 12% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 02176, the number of foreclosures waiting to be sold is 2.6% greater than in Melrose, and 72.2% less than the national average. This higher local number may prevent 02176 home values from rising as quickly as other regions in Melrose.

Learn more about forecast calculations or 02176 home values.
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    Nearby Schools in Melrose

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    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org