24 West Emerson Street

Melrose, MA 02176

$1
Price
7
Beds
5
Baths
3,725 Sq. Ft.
$0 / Sq. Ft.
3,725
Sq. Ft.
$0
per Sq. Ft.

Description

Building portfolio of properties for Sale. Rare opportunity Redevelopment of a Portfolio of Properties in an extraordinary location! Located on a common boundary line with Melrose Downtown Historic District, existing group of 4 adjoining parcels features 4 Victorian homes with 14 units, a private street, 2 multi-stall garage structures. Distinctive Property Design Features: Gable exterior roof designs at varying heights, high interior ceilings, front porches, oak and maple hardwood floors, and ornate...Building portfolio of properties for Sale. Rare opportunity Redevelopment of a Portfolio of Properties in an extraordinary location! Located on a common boundary line with Melrose Downtown Historic District, existing group of 4 adjoining parcels features 4 Victorian homes with 14 units, a private street, 2 multi-stall garage structures. Distinctive Property Design Features: Gable exterior roof designs at varying heights, high interior ceilings, front porches, oak and maple hardwood floors, and ornate detailing. Zoning allows for 21 units, with opportunity for additional units on approx. 0.75 acres. Mix of 1- and 2-bedroom apartments. The property is approximately 70% occupied. Lots zoned UR-D (Urban Residential ‘D’) allowing multifamily buildings to a density of FAR=1.0. Allowable height is 50 feet and 4 stories. Redevelop preserving the existing structures with square foot additions and interior renovations or build a completely new multifamily building (s)
  1. Listed by Lisa DonFrancesco • Saint James Real Estate Advisors, LLC

Property Details for 24 West Emerson Street

Town
Melrose
MLS Area
Melrose Highlands
Area
MA-Melrose-Melrose Highlands, MA-Melrose
Garage Spaces
4
Parking Spaces
5.00
Parking Spaces Total
9
LISTING UPDATED: 10/30/2024 02:12 PM

Property Details for 24 West Emerson Street

StatusNew
MLS #73306923
Days on Market33
Taxes$10,033 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1900
CountyMiddlesex County

Building Information for 24 West Emerson Street

Stories7Residences5Year Built1900Building Size-Lot Size0.22 AC / 9,750 SF

Property Information for 24 West Emerson Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 3725.0
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: Yes
  • Fireplaces: 3
  • SpaYN: No
Parking Features
  • Covered Spaces: 4.00
  • Garage: Yes
  • Garage Parking: Paved Drive
  • Open Parking: Yes
  • Parking Features: Paved Drive
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Delivered in 'as is' condition. Seller requests a $15,000 minimum offer to purchase deposit. Properties not offered individually.
Tax Information
  • Tax ID: 654249
  • Assessments: $679,000
  • Book: 1
  • Tax Year: 2025
  • Zoning: UR-D
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 7
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Foundation Area: 1.0
Income / Expenses
  • GOI: $82,500.00
  • NOI: $82,500.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $5,375.00

Property History for 24 West Emerson Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 24 West Emerson Street

Taxable ValueLand$445,600Additions$564,800Total$1,010,400
Tax Record2024$10,033 ($836 / month)
Home Facts
Baths5Total Finished SqFt3,725 SqFtAbove Grade Finished SqFt3,725 SqFtUnfinished Basement SqFt1,520 SqFtStories3Lot Size9,749 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningURDCountyMIDDLESEXAPNMELR M:0C8 P:0000109Fireplace TypeHas Fireplace

Schools near 24 West Emerson Street

This home is within Melrose School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - K to 5
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Winthrop Elementary School
PublicK to 5

Horace Mann Elementary School
PublicK to 5

Lincoln Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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24 West Emerson Street is a multi-family home for sale in Melrose, MA 02176. This property was listed for sale on September 28, 2024 by Saint James Real Estate Advisors, LLC, it's currently listed at $1. This listing's school district is Melrose School District. Nearby schools include Roosevelt Elementary School, Winthrop Elementary School and Horace Mann Elementary School. 24 West Emerson Street is a 7-bed, 5-bath, 3,725 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Saint James Real Estate Advisors, LLC, Lisa DonFrancesco

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.