Home › Arlington › Multi Family › 48-50 Melrose Street, Arlington MA 02474
48-50 Melrose Street, Arlington MA 02474 — photo 1 of 391 / 39
$1,250,000
48-50 Melrose Street, Arlington MA 02474
2 units · 5 bd · 2 ba · 2,469 sqft · $625,000/unit
📊 Analyze this deal

INVESTMENT SNAPSHOT

Signal Score pending — we haven't seeded market rents for this ZIP (02474) yet.

About this property

Well-maintained two-family home in a desirable East Arlington location offering spacious layouts, beautiful hardwood floors, and excellent commuter convenience. The first-floor unit features hardwood floors throughout the living room, dining room, and bedrooms, along with a charming built-in dining room hutch. The eat-in kitchen includes an adjoining pantry, and first-floor laundry is conveniently located in the clean, spacious basement. The second unit offers two levels of living space. The main level features two bedrooms, an office, enclosed front porch, living room, dining room, and eat-in kitchen. Beautiful hardwood floors enhance the living room, dining room, office, and bedrooms, while a classic built-in hutch adds character and detail to the dining room. A separate laundry room with additional pantry space is located off the kitchen. The second-floor unit also features a private back deck, providing additional outdoor space. The third floor includes a bedroom and plenty of open space offering excellent potential for future expansion. Additional highlights include a newer roof, an oversized double driveway, a newer furnace serving the second unit and generous basement space. Excellent location close to Mass Ave, the Minuteman Bikeway, Alewife T Station, Route 2, and public bus transportation. A wonderful opportunity for owner-occupants or investors!

Property details

Units2
Living area2,469 sqft
Lot size4,948 sqft
Year built1940
Price / sqft$506
CountyMiddlesex
MLS #73586689

Listing status

Days on market0 days
Listed onOctober 5, 2026

Taxes & financials

Annual property tax$11,780
Tax year2026
Assessed value$1,104,000
ZoningR2
Gross income (actual)$32,400/yr
Net operating income (actual)$32,400/yr
Total actual rent$2,700/mo

Building & lot

Stories3
Total rooms12
Lot size0.11 acres
Garage spaces0
Parking spaces4
ParkingPaved Drive, Off Street
BasementFull, Sump Pump, Concrete, Unfinished
FoundationBlock
RoofShingle
ConstructionFrame
FlooringTile, Laminate, Hardwood, Stone/Ceramic Tile

Utilities & systems

HeatingHot Water, Natural Gas
CoolingNone
SewerPublic Sewer
WaterPublic
Utilitiesfor Gas Range, for Electric Range, Washer Hookup
AppliancesRange, Dishwasher, Refrigerator, Washer, Dryer

Location

More about investing in Arlington →

Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.

Interested in this one?

By submitting you agree to be contacted about your home search. No spam.

Questions & answers

Auto-generated from the listing data — richer AI answers coming with the live site.

How many units does 48-50 Melrose Street, Arlington MA 02474 have?

It is a 2-unit multi-family property with 2,469 sqft of living area, built in 1940.

How long has 48-50 Melrose Street, Arlington MA 02474 been on the market?

48-50 Melrose Street, Arlington MA 02474 has been listed for 0 days (since October 5, 2026).

What is the price per unit?

At a list price of $1,250,000 across 2 units, that works out to roughly $625,000 per unit.

What are the property taxes on 48-50 Melrose Street, Arlington MA 02474?

Annual property taxes are $11,780 (2026), on an assessed value of $1,104,000.

What is the price per square foot?

At $1,250,000 for 2,469 sqft, that's about $506 per square foot.

Is there parking?

4 total parking spaces (paved drive, off street).

Where is this property located?

48-50 Melrose Street, Arlington MA 02474 is in Arlington, Middlesex County, MA 02474.

Similar multi-families

Justin Rollo, Broker Associate at Signal Real Estate
Justin Rollo — Broker Associate, Signal Real Estate · MA Lic. #9534264

Justin Rollo is a Broker Associate with Signal Real Estate (MA Lic. #9534264) and a lifelong Massachusetts resident. Over 14 years and hundreds of transactions, he has worked investment properties — multi-families and house-hacking — across Greater Boston full-time. Away from real estate, Justin is a proud dad, youth coach and local school-committee member — and a former professional poker player who still loves golf and following local sports.

📞 978-790-4381📍 25 Braintree Hill Park, Suite 200, Braintree, MA 02184
Signal Real EstateLinkedInZillowFacebook