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INVESTMENT SNAPSHOT
About this property
Horvath & Tremblay is pleased to present this two-family investment property located at 9 Elm Street in Melrose, MA. The three-story building contains two (2) 3-Bedroom/1-Bathroom units with 2,630 square feet of gross living area in 5,544 square feet of gross area. Both units offer in-unit laundry and porches. Additional value-add opportunities can be leveraged for an investor or savvy owner-occupant. The Property is situated upon a 0.134-acre corner parcel and features two (2) off-street parking spaces. 9 Elm Street is well-positioned in downtown Melrose, offering strong access to the city's central business district, neighborhood retail corridors, and surrounding residential neighborhoods.
Property details
| Units | 2 |
| Living area | 2,630 sqft |
| Lot size | 5,837 sqft |
| Year built | 1896 |
| Price / sqft | $399 |
| County | Middlesex |
| MLS # | 73539478 |
Listing status
| Days on market | 4 days |
| Listed on | June 22, 2026 |
Taxes & financials
| Annual property tax | $7,949 |
| Tax year | 2025 |
| Assessed value | $802,900 |
| Zoning | URA |
| Gross income (actual) | $15,600/yr |
| Net operating income (actual) | $31,966/yr |
| Total actual rent | $4,300/mo |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.13 acres |
| Garage spaces | 0 |
| Parking spaces | 2 |
| Parking | Paved Drive, Off Street |
| Basement | Unfinished |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
Location
More about investing in Melrose →
Listing courtesy of a MLS PIN member office. 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 9 Elm St, Melrose MA 02176 have?
It is a 2-unit multi-family property with 2,630 sqft of living area, built in 1896.
How long has 9 Elm St, Melrose MA 02176 been on the market?
9 Elm St, Melrose MA 02176 has been listed for 4 days (since June 22, 2026).
What is the price per unit?
At a list price of $1,049,000 across 2 units, that works out to roughly $524,500 per unit.
What are the property taxes on 9 Elm St, Melrose MA 02176?
Annual property taxes are $7,949 (2025), on an assessed value of $802,900.
What is the price per square foot?
At $1,049,000 for 2,630 sqft, that's about $399 per square foot.
Is there parking?
2 total parking spaces (paved drive, off street).
Where is this property located?
9 Elm St, Melrose MA 02176 is in Melrose, Middlesex County, MA 02176.
