Fantastic Mix-Use opportunity for a small firm to re-locate to Melrose MA. Consistently voted one of the top towns in MA. Located directly across from Melrose/Wakefield Hospital and an easy walk to downtown and Commuter Rail. First floor office suite is perfect for Doctor/Dentist/Accountant/Lawyer/Real Estate firm. Handicap accessible first floor features includes 3 private office spaces, kitchenette, 1/2 bath and reception area, also a finished basement area that could be additional space. Was used as a medical office space in the past but could be perfect for any number of professions. Short walk to Commuter Rail to North Station. Ample parking in rear of building. Second floor 2Bed/1Bath residential unit provides additional income to help reduce expenses. Currently rent to long term tenants at $2100/month. Expansion opportunity into third floor attic space for a duplex unit. Possible condo conversion opportunity with basement and attic being partially finished. Two duplex unit
Off market
$926,700
536 Lebanon St, Melrose, MA 02176
2beds
1,572sqft
MultiFamily
Built in 1855
-- sqft lot
$926,700 Zestimate®
$590/sqft
$3,119 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Forced air, Oil
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Washer
Features
- Flooring: Tile, Concrete, Hardwood, Linoleum / Vinyl
- Basement: Unfinished
Interior area
- Total interior livable area: 1,572 sqft
Property
Parking
- Total spaces: 2
Features
- Exterior features: Vinyl
Lot
- Size: 4,791 sqft
Details
- Parcel number: MELRM0D8P0000022
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Roof: Asphalt
Condition
- Year built: 1855
Community & neighborhood
Location
- Region: Melrose
Other
Other facts
- Amenities: Public Transportation, Shopping, Golf Course, Medical Facility, Highway Access, Public School, T-Station
- Basement Feature: Full, Partially Finished, Concrete Floor, Interior Access, Sump Pump, Walk Out
- Construction: Frame
- Electric Feature: 220 Volts
- Exterior: Vinyl
- Flooring: Wood, Vinyl, Tile, Varies Per Unit
- Foundation: Poured Concrete
- Hea Dscrp 1: Gas, Hot Water Baseboard
- Hot Water: Natural Gas
- Ife Dscrp 2: Cable Tv Available, Hardwood Floors, High Speed Internet Hookup, Upgraded Countertops, Upgraded Cabinets
- Lot Description: Paved Drive, Shared Drive, Gentle Slope
- Rms Dscrp 2: Living Room, Kitchen, Loft
- Road Type: Public
- Roof Material: Asphalt/Fiberglass Shingles
- Terms Feature: Contract For Deed
- Energy Features: Insulated Windows
- Mf Type: 2 Family - 2 Units Up/Down
- App Dscrp 2: Refrigerator, Dishwasher, Washer, Dryer, Countertop Range
- Exterior Features: Porch
- Utility Connections: For Electric Range, Washer Hookup
- Rnt Dscrp 2: Hot Water
- Col Dscrp 1: Wall Ac, Unit Control, 3 Or More, Ductless Mini-Split System
- Col Dscrp 2: Wall Ac, Ductless Mini-Split System
- Hea Dscrp 2: Unit Control, Wall Unit, Ductless Mini-Split System
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Estimated market value
$926,700