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MultifamilyFor Sale
$1
30-32 W Emerson
Melrose, MA 02176
Courtesy of Saint James Real Estate Advisors, LLC - Lisa DonFrancesco
MLS Property Information Network
4Beds
4Baths
3,416Sq Ft
Est. Mortgage
$1/mo

Building portfolio of properties for Sale. Rare opportunity Restoration & redevelopment of a Portfolio of Properties in an extraordinary location! Located on a common boundary line with Melrose Downtown Historic District, existing group of 4 adjoining parcels features 4 Victorian homes with 14 units, a private street, 2 multi-stall garage structures. Distinctive Property Design Features: Gable exterior roof designs at varying heights, high interior ceilings, front porches, oak and maple hardwood floors, and ornate detailing. Zoning allows for 21 units, with opportunity for additional units on approx. 0.75 acres. Mix of 1- and 2-bedroom apartments. The property is approximately 70% occupied. Lots zoned UR-D (Urban Residential ‘D’) allowing multifamily buildings to a density of FAR=1.0. Redevelop preserving the existing structures with square foot additions and interior renovations or build a completely new multifamily building (s).

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Information courtesy of Saint James Real Estate Advisors, LLC is subject to verification and is not guaranteed.
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