Active
79 Days on market
9 Elm St Melrose — Photo 1 of 12

9 Elm St Melrose — Photo 1 of 12

Recent Drop: $74,000

$1,049,000
$975,000

$975,000

9 Elm St, Melrose, MA 02176

Melrose, MA 02176

Beds

6

Baths

2

SqFt

2,630

Style

2 Family - 2 Units Up/Down

Built

1896

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$371/sqft
Local Avg (Melrose)$451/sqft
18% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Melrose, MA.

Property Details

Financials

Original Price$1,049,000
Annual Taxes$7,949

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms15
FireplacesNone
FlooringWood
BasementUnfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningURA

Property & Lot

Acres0.13
SqFt Lot5,837
Lot FeaturesCorner Lot

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility

Geography

Property History

Price Drop
$975,000

Was $1,049,000

Aug 31, 2026

MLS® 73539478

Listed
$1,049,000

Jun 22, 2026

MLS® 73539478

Population

29,650

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$134K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

32.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Kelleher Pentore Team

Listing Office: Horvath & Tremblay

MLS® Number: 73539478

Browse More Homes in Melrose

Explore other active listings in the area.