9 Elm St Melrose — Photo 1 of 12
Recent Drop: $74,000
$975,000
Investment Analysis — 9 Elm St
Melrose, MA 02176
Based on rent reported on the MLS listing, a 2-unit multi-family in 02176 carries $4,300/mo in gross rent — about a 3.21% cap rate and $31,267/yr in estimated NOI at the $975,000 list price. Adjust every assumption in the calculator below.
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.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Property History
$975,000
Was $1,049,000
Aug 31, 2026
MLS® 73539478
$1,049,000
Jun 22, 2026
MLS® 73539478
Listing Agent: Kelleher Pentore Team
Listing Office: Horvath & Tremblay
MLS® Number: 73539478
