1. Massachusetts
  2. Melrose
  3. 447 Pleasant St
$7,000,000

447 Pleasant St, Melrose, MA 02176

  • 24 beds |
  • 24 baths |
  • 13,440 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1964
  • Property Lot Size Icon0.45acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $521/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

447 Pleasant St is a three-story brick building with 24 residential units consisting of 1 Studio unit and (23) 1-Bedroom/1-Bathroom units. The units are separately metered for electric, which is paid directly by the tenants. The Landlord is responsible for electric heat and hot water, common area electric, and domestic water and sewer. 447 Pleasant Street has been well maintained throughout ownership and features ample off-street parking with 21 spaces. The Property also offers an elevator and on site laundry facility, and each unit has a private walk-out patio or balcony. 447 Pleasant Street offers the opportunity to acquire a well-maintained investment Property with upside in an exceptional, urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. In-place rents are below market rates, providing significant potential for upside by achieving market rents through programmatic upgrades to the unrenovated units.

Listing Status:
Pending
Date Added:
May 27, 2025 at 05:00AM
Listing Office:
Horvath & Tremblay : 781-776-4000
Listing Agent:
Kelleher - Pentore Team : 781-776-4004
MLS ID:
73380148

This listing courtesy of Kelleher - Pentore Team, Horvath & Tremblay

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lincoln Elementary School

80 W Wyoming Ave, Melrose, MA, 02176

Grades KG-5

0.13 miles away

M

Melrose Veterans Memorial Middle School

350 Lynn Fells Pkwy, Melrose, MA, 02176

Grades 6-8

0.97 miles away

M

Melrose High School

360 Lynn Fells Pkwy, Melrose, MA, 02176

Grades 9-12

0.98 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.