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$2,250,000
Multi-family - 4 Units
2,500 sqft
25 Melrose Street #
Boston, 02116 - Bay Village
Impressive 4-family opportunity uniquely positioned between Boston Common, South End and The Copley Plaza in Historic Bay Village. The fully occupied brick row house features three 1-bedroom and one studio apartments with opportunity for rent increases and additional development. The first and lower level units have been newly renovated with modern kitchen and baths, featuring stainless steel appliances, recessed lighting, mini split systems, and in-unit laundry. The second and third floor 1-bedroom units are well maintained with spacious bedrooms and living spaces, hardwood floors, natural light, a wood deck and detailed finishes. 25 Melrose boasts an impressive leasing history; tenants enjoy easy access to Tufts, Back Bay and Arlington MBTA stops, I-90 and I-93. All units are leased through August 31st, 2023. Heat and hot water are included in rent, electricity is separately metered. This is an incredible investment opportunity in the Boston market.
| MLS ID: | 73040987 |
|---|---|
| Annual Tax: | $11,906 |
| Assessments: | $1,094,300 |
| Year Built: | 1900 |
| Amenities: | Public Transportation,Shopping,Park,Medical Facility,Laundromat,Bike Path,Highway Access,House of Worship,Private School,Public School,T-Station,University |
| Days on market: | 576 |
| Basement: | Full,Finished |
| Construction: | Brick |
| Exterior Features: | Deck - Wood |
Unit information
| Unit 1 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unit Floor: | 1 | Living Levels: | 1 | Rooms: | 3 | Bedrooms: | 1 | Bathrooms: | 1 full / 0 half | Rent: | 3320 | Lease: | Y |
| Unit 2 | |||||||||||||
| Unit Floor: | 2 | Living Levels: | 1 | Rooms: | 3 | Bedrooms: | 1 | Bathrooms: | 1 full / 0 half | Rent: | 2475 | Lease: | Y |
| Unit 3 | |||||||||||||
| Unit Floor: | 3 | Living Levels: | 1 | Rooms: | 3 | Bedrooms: | 1 | Bathrooms: | 1 full / 0 half | Rent: | 2500 | Lease: | Y |
| Unit 4 | |||||||||||||
| Unit Floor: | 0 | Living Levels: | 1 | Rooms: | 2 | Bedrooms: | 0 | Bathrooms: | 1 full / 0 half | Rent: | 2870 | Lease: | Y |
Property History
| id | type | status | price | listed | updated |
|---|---|---|---|---|---|
| 73040987 | Multi-family | Active | $2,250,000 | 26-Sep-22 | 07-Nov-22 |
| 72813376 | Multi-family | Sold | $1,979,000 | 13-Apr-21 | 09-Sep-21 |
Similar Properties
| # | id | type | br/bth | status | price | sq ft |
|---|---|---|---|---|---|---|
| 1 | 71672828 | Multi-family | 3 Units | Active | $2,000,000 | 2,500 |