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$1,599,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 8 Total Beds
  • 0.18 Acres
  • Updated 2 days ago
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A rare opportunity to acquire a four-family property in a high-demand area, offering unparalleled income potential and long-term value. Situated on one of Melrose's beautiful tree-lined residential streets. Each spacious unit features 2 bedrooms, 1 full bath, hardwood floors throughout, private rear balconies, off street parking and w/d hookups available in 2,255 sq ft basement with updated furnaces, roof and windows.Located just minutes from downtown Melrose with vibrant shops and restaurants, top-rated public schools, scenic hiking trails, and the MBTA/commuter rail, putting Boston just 7 miles away with easy access to routes 1 and 93. Whether you're an investor seeking strong rental income or a buyer looking to live in one unit while the others work for you, this property delivers on every level.

Full Property Details for 46-48 Cleveland St

General

  • Price: $1,599,000
  • Taxes: $10,016 (2025)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 73558870
  • Updated: 8/8/2026
  • Added to Site: 6 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Parking

  • Parking Features: Off Street, Paved

Location

  • County: Middlesex

Structural Information

  • Basement: Yes
  • Stories/Levels: 4
  • Square Feet: 4,590
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.18

Financial Considerations

  • Tax Amount: $10,016
  • Tax Year: 2025

Disclosures and Reports

  • Property ID: M:0B7 P:0000004, 653069

Listed by The Greene Realty Group, Derek Greene

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Listing agent

— 46-48 Cleveland St —

  • Derek Greene

    The Greene Realty Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 46-48 Cleveland St

School District:Melrose School District
NameGradesDistance
Lincoln Elementary School, Melrose, MA
80 West Wyoming Avenue, Melrose, MA 02176
K-50.2 mi
Roosevelt Elementary School
253 Vinton Street, Melrose, MA 02176
K-50.7 mi
Early Childhood Center, Melrose, MA
16 Franklin Street, Melrose, MA 02176
PK-1 mi
Melrose Middle School
350 Lynn Fells Parkway, Melrose, MA 02176
6-80.6 mi
Melrose High School
360 Lynn Fells Parkway, Melrose, MA 02176
9-120.7 mi
Winthrop Elementary School
162 1st Street, Melrose, MA 02176
K-51.1 mi
Hoover Elementary School
37 Glendower Road, Melrose, MA 02176
K-51.3 mi
Horace Mann Elementary School, Melrose, MA
40 Damon Avenue, Melrose, MA 02176
K-51.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 46-48 Cleveland St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/04/2026
Listed
$1,599,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 46-48 Cleveland St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,016
1%
$1,011,700
1%
2024
$9,907
15%
$997,700
21%
2023
$8,622
-1%
$827,400
—
2022
$8,746
5%
$827,400
9%
2021
$8,349
7%
$762,500
8%
2020
$7,837
8%
$709,200
5%
2019
$7,279
4%
$673,400
9%
2018
$7,008
—
$618,500
4%
2017
$6,997
—
$593,000
5%
2016
$6,969
5%
$565,200
10%
2015
$6,650
3%
$513,100
6%
2014
$6,443
—
$485,200
-1%
2013
$6,415
—
$492,300
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 46-48 Cleveland St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by The Greene Realty Group, Derek Greene

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46-48 Cleveland St, Melrose, MA 02176 (MLS# 73558870) is a Multi-Family property with 4 units containing 8 bedrooms and 4 full bathrooms. 46-48 Cleveland St is currently listed for $1,599,000 and was received on August 04, 2026. Want to learn more about 46-48 Cleveland St? Do you have questions about finding other Multi-Family real estate for sale in Melrose? You can browse all Melrose real estate or contact a Coldwell Banker agent to request more information.

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