$1,450,000
3-5 E Foster St
Melrose, MA, 02176
Classic Victorian mixed-use building in the heart of downtown Melrose, just steps to shops, restaurants, commuter rail, and bus lines. This well-maintained and highly admired property features four residential units and two commercial spaces with excellent street frontage and visibility. All units are fully rented, generating high, consistent operating income. The building has seen numerous updates, including renovated kitchens and baths in select units, updated flooring, newer water heaters, and a new chimney liner, offering both charm and modern reliability. With ample nearby public parking and a prime location in a vibrant downtown setting, this is a rare opportunity for investors seeking a turnkey property with solid income and long-term upside.
Property Details
Price:
$1,450,000
MLS #:
73490896
Status:
Pending
Beds:
0
Baths:
6
Type:
Commercial
Listed Date:
Mar 24, 2026
Finished Sq Ft:
4,497
Total Sq Ft:
4,497
Lot Size:
2,039 sqft / 0.05 acres (approx)
Year Built:
1860
Schools
Interior
Exterior
Financial
Tax Year
2025
Taxes
$24,381
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Commercial in Melrose as of May 04, 2026
7
Commercial Listed
96
Avg DOM
364
Avg $ / SqFt
$1,074,700
Avg List Price
Community
- Address3-5 E Foster St Melrose MA
- CityMelrose
- CountyMiddlesex
- Zip Code02176
Subdivisions in Melrose
Similar Listings Nearby
Property Summary
- 3-5 E Foster St Melrose MA is a Commercial for sale in Melrose, MA, 02176. It is listed for $1,450,000 To schedule a showing of MLS#73490896 at 3-5 E Foster St in Melrose, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Barrett Sotheby’s International Realty. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
3-5 E Foster St
Melrose, MA