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536 Lebanon St
Melrose, MA. 02176-3523

Middlesex County
Directions: Main St(south Bound) To Lebanon St. Main St(north Bound) To East
Emerson St To Lebanon St.

MLS # 72759020 - Active
Multi-Family 2 Family - 2 Units Up/Down    

List Price $929,000 Days on Market  
List Date   # Units 2
Sale Price   # Floors  
Sold Date   Rooms 13
Assessed Value $532,200 Bedrooms 2
Gross Living Area 1,572SF Full Baths 1
Lot Size 5,009SF Half Baths 1
Taxes $5,880.81 Fireplaces  
Tax Year 2020 Basement Yes
Zoning BD Waterfront No
Est. Street Front   Beach Nearby No
Year Built 1855 Parking Spaces 20
    Garage Spaces 0


Fantastic Mix-Use opportunity for a small firm to re-locate to Melrose MA. Consistently voted one of the top towns in MA. Located directly across from Melrose/Wakefield Hospital and an easy walk to downtown and Commuter Rail. First floor office suite is perfect for Doctor/Dentist/Accountant/Lawyer/Real Estate firm. Handicap accessible first floor features includes 3 private office spaces, kitchenette, 1/2 bath and reception area, also a finished basement area that could be additional space. Was used as a medical office space in the past but could be perfect for any number of professions. Short walk to Commuter Rail to North Station. Ample parking in rear of building. Second floor 2Bed/1Bath residential unit provides additional income to help reduce expenses. Currently rent to long term tenants at $2100/month. Expansion opportunity into third floor attic space for a duplex unit. Possible condo conversion opportunity with basement and attic being partially finished. Two duplex unit

Amenities   Public
   Shopping, Golf Course,
   Medical Facility,
   Highway Access, Public
   School, T-Station
Basement   Full,
   Partially Finished, Walk
   Out, Interior Access,
   Sump Pump, Concrete
Construction   Frame
Cooling Zones   5
Electricity   220 Volts
Energy   Insulated Windows
Exterior   Vinyl
Exterior Feat.   Porch
Flooring   Wood, Tile,
   Vinyl, Varies Per Unit
Foundation   Poured
Hot Water   Natural Gas
Lead Paint   Unknown
Lot   Paved Drive, Shared
   Drive, Gentle Slope
Parking   Off-Street,
   Common, Other (See
Road   Public
Roof   Asphalt/Fiberglass
Sewer / Water   City/Town
   Sewer, City/Town Water
Utility Connections   for
   Electric Range, Washer
Warranty   No
Unit 1 Cooling: Wall AC, 3 or More, Unit Control, Ductless Mini-Split System; Floor: 1; Half Baths: 1;
     Heating: Hot Water Baseboard, Gas; Lease: No; Levels: 2; Rooms: 8
Unit 2 Appliances: Dishwasher, Countertop Range, Refrigerator, Washer, Dryer; Bedrooms: 2; Cooling:
     Wall AC, Ductless Mini-Split System; Floor: 2; Full Baths: 1; Heating: Unit Control, Wall Unit,
     Ductless Mini-Split System; Interior: Cable TV Available, Hardwood Floors, High Speed Internet
     Hookup, Upgraded Cabinets, Upgraded Countertops; Lease: Yes; Levels: 2; Rent: 2100; Rent Includes:
     Hot Water; Rooms: 5; Rooms Desc.: Living Room, Kitchen, Loft
Financial Info
Expenses Source   Estimated,
   Owner Provided, Limited
Gross Oper. Income   $25,200 Net Oper. Income   $25,200
Additional Information
APOD Available?   No
Adult Community   No
Deed   Book: 30738, Page:
Disclosures   Seller
   operated business in
   office space for 20yrs.
   Office space is now
   unused. Covid protocols
   required during showings.
    Buyer(s) must do their
   own due diligence as to
   zoning and permitted use.
Foreclosure   No
GLA Source   Public Record
Parcel #   M:0D8 P:0000022
Seller Disclosure Doc  
Short Sale   No
Terms   Contract for Deed
Year Built Desc.  
Year Built Source   Public

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Property Last Updated by Listing Office: 3/3/21 3:05am

Courtesy: MLSPIN

Listing Office: RE/MAX Unlimited Listing Agent: John McMillan

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The information in this listing was gathered from third party resources including the seller and public records. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.