$850,000 ($399.06 per sqft)

Est. Mortgage $4,354/mo *

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Open House Schedule

05/09/2025
12:00 PM to 1:00 PM
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05/10/2025
12:00 PM to 1:00 PM
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05/11/2025
12:00 PM to 1:00 PM
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40-42 Tappan St, Melrose, MA, 02176

40-42 Tappan St, Melrose, MA, 02176
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11 rooms

5 beds

2 Full baths

1920

2,130 sqft

Calling all visionaries! Here's your chance to write the next chapter of this beloved Melrose two-family, carefully stewarded by the same family since Elvis was topping the charts. While this home might need a refresh (think more "time capsule" than "turn-key"), its bones are as solid as its location is spectacular. Perfectly perched just steps from downtown Melrose's foodie paradise and the commuter rail, this property is also a hop and skip from the wilderness wonderland of Middlesex Fells. Leave your car in the two car driveway and walk to everything that makes Melrose one of Greater Boston's most coveted communities. Amidst the vintage vibes inside lie original hardwood floors, and a generous deep lot outside begs for your garden dreams. The possibilities here are endless, but it's perfect for house hackers: live in one unit while rental income helps fund your renovation vision. Or, reimagine both units for maximum return. Opportunities like this one do not come along often!

Status:

Active

Type:

Multi-family

Laundry Remarks:

Electric Dryer Hookup

Units:

2

Zoning:

URA

Heating:

Oil

Basement:

Full, Walk-Out Access, Unfinished

Levels:

3

Parking:

2-car, Paved Drive, Off Street, Paved

Acreage:

0.16

Est. Taxes:

$7,818

Assessment

$789,700

Construction

Frame

Utilities

for Electric Range, for Electric Oven, for Electric Dryer

Lot Description:

Level

Amenities:

Public Transportation, Shopping, Park, Medical Facility, House of Worship, Public School, T-Station

Elementary School:

Lincoln

Middle School:

Melrose Middle

High School:

Melrose High

Appliances:

Range, Dishwasher, Refrigerator, Washer, Dryer

MLS #:

73370664

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Adam Shulman, Leading Edge Real Estate