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You are here:
Home Massachusetts Melrose Multi-Family Homes for Sale

3 Hunnewell St Melrose, MA 02176

$1,375,000
3 Unit
7 Beds
4 Baths
3964 SQFT
0.30 Acre
3 Hunnewell St
Melrose, MA 02176

Property Description

This well-positioned 3 family in Melrose represents a strong investment opportunity with immediate income & long-term upside. Set on an expansive 13k sq ft lot, the property offers exceptional parking capacity & outdoor space—an increasingly rare advantage in this market. Unit 1 delivers a desirable three bedrooms, including a Primary Suite, plus a lower-level family room with private entrance & in-unit laundry. This unit currently rents for $3,400 per month & includes exclusive use of the oversized two-car garage, enhancing both appeal & revenue potential. Units 2 & 3 have updated kitchens & baths completed within the past decade or so & are occupied by long-term tenants, providing stable, predictable income. All units have separate utilities. This is an efficient setup that keeps operating costs manageable. With strong tenant history, and opportunities for future value growth, this property would be a strategic addition to any portfolio. Group Showing Friday and Sunday only

Property Overview

Building Information

  • Total Units: 3
  • Total Floors: 4
  • Total Bedrooms: 7
  • Total Full Baths: 4
  • Basement Features: Full, Interior Access, Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: No
  • Gross Operating Income: 88800
  • Net Operating Income: 88800

Utilities

  • Heat Zones: 4
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Irregular, Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73464224
  • Last Updated: 01/02/26

Date Event Price Price/Sq Ft Source
12/30/2025New$1,375,000$347MLSPIN
03/01/2023Sold$1,120,000$283MLSPIN
01/19/2023Under Agreement$1,139,000$287MLSPIN
01/09/2023Active$1,139,000$287MLSPIN
01/05/2023New$1,139,000$287MLSPIN

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Map & Resources

Winthrop School

Public Elementary School, Grades: K-5

0.3mi

Herbert Clark Hoover School

Public Elementary School, Grades: K-5

0.39mi

Melrose Fire Department

Fire Station

0.33mi

Corporal Scott E. Andresen Memorial Basketball Court

Sports Centre. Sports: Basketball

0.34mi

Towners Pond Conservation Area

Municipal Park

0.12mi

Swains Pond Conservation Area

Municipal Park

0.22mi

Burnett Park

Municipal Park

0.02mi

Mount Hood Recreation Area & Golf Course

Park

0.24mi

Gulf

Gas Station

0.31mi

Common Market and Ice Cream

Convenience

0.26mi

229 Laurel St

131

0.09mi

Laurel St @ Highview Ave

131

0.1mi

184 Laurel St

131

0.11mi

Laurel St @ Sycamore Rd

131

0.11mi

183 Laurel St

131

0.11mi

Waverly Ave @ Laurel St

131

0.12mi

166 Laurel St

131

0.16mi

167 Laurel St

131

0.16mi

Seller's Representative: Dale Brousseau, Trinity Real Estate
MLS ID#: 73464224

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-01-02 07:29:00