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INVESTMENT SNAPSHOT
About this property
Investor and owner-occupant opportunity in the heart of Melrose! Well-maintained 4-family property offering strong income potential and flexible living arrangements. This spacious multi-unit building features 9 bedrooms and 4 full baths across approximately 3,519 sq ft of living space. Units offer functional layouts with bright living areas, updated kitchens, hardwood/vinyl flooring, and separately metered utilities. Additional highlights include off-street parking, shared laundry, and a full basement for storage. Conveniently located near downtown Melrose shops, restaurants, parks, schools, and public transportation, including the Wyoming Hill commuter rail station for easy access to Boston. Excellent opportunity to expand your investment portfolio or offset your mortgage with rental income in one of Melrose’s most desirable neighborhoods
Property details
| Units | 4 |
| Living area | 3,519 sqft |
| Lot size | 3,803 sqft |
| Year built | 1900 |
| Price / sqft | $396 |
| County | Middlesex |
| MLS # | 73521788 |
Listing status
| Days on market | 19 days |
| Listed on | May 20, 2026 |
Taxes & financials
| Annual property tax | $11,415 |
| Tax year | 2025 |
| Assessed value | $1,153,000 |
| Zoning | URA |
| Total actual rent | $0/mo |
Building & lot
| Stories | 5 |
| Total rooms | 19 |
| Lot size | 0.09 acres |
| Garage spaces | 0 |
| Parking spaces | 3 |
| Parking | Paved Drive, Off Street |
| Basement | Full |
| Foundation | Stone |
| Roof | Shingle |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Melrose →
Listing courtesy of Legacy Realty Advisors LLC — Jonathan Mathews. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 38-40 Hurd Street, Melrose MA 02176 have?
It is a 4-unit multi-family property with 3,519 sqft of living area, built in 1900.
How long has 38-40 Hurd Street, Melrose MA 02176 been on the market?
38-40 Hurd Street, Melrose MA 02176 has been listed for 19 days (since May 20, 2026).
What is the price per unit?
At a list price of $1,395,000 across 4 units, that works out to roughly $348,750 per unit.
What are the property taxes on 38-40 Hurd Street, Melrose MA 02176?
Annual property taxes are $11,415 (2025), on an assessed value of $1,153,000.
What is the price per square foot?
At $1,395,000 for 3,519 sqft, that's about $396 per square foot.
Is there parking?
3 total parking spaces (paved drive, off street).
Where is this property located?
38-40 Hurd Street, Melrose MA 02176 is in Melrose, Middlesex County, MA 02176.
