24 & 30-32 W Emerson Street and 1-3 5 & 2-4 Bradford Park
- Four Adjacent Buildings | 14 Unit Multifamily Portfolio
- (9) One-Bedroom & (5) Two-Bedroom Floor Plans
- (2) Garage Bays | Off-Street Parking | ~0.71 Acre Lot
- Significant Value Add Opportunity Through Renovations & Market Rents
- Future Development/Condo Potential | UR-D/Urban Residential Zoning
- Desirable Melrose Highlands / Downtown Melrose Submarket
Property Description
Northeast Private Client Group is pleased to present the W Emerson & Bradford Park Portfolio located at 24 & 30-32 W Emerson Street and 1-3 5 & 2-4 Bradford Park in Melrose, MA. The properties are part of portfolio of four adjacent parcels totaling ~0.71 acres with 14 existing units. 24 W Emerson St consists of a 5-unit residential building totaling approximately 3,725 SF, situated on a ~9,750 SF lot. 30-32 W Emerson St is a multifamily property consisting of approximately 3,416 SF on a ~8,320 SF lot, currently configured as a 4-unit building. 2-4 Bradford Park is a 2-unit (duplex), approximately 2,256 SF building area on a ~3,676 SF lot while 1-3 5 Bradford Park is a 3-unit (triplex) multifamily property, approximately 3,296 SF on a ~9,426 SF lot. Current zoning (UR-D / Urban Residential) supports multifamily density and allows for up to 21 units by right, with additional upside possible through redevelopment or expansion strategies (subject to approvals). In combination with the lot size and surrounding density, investors may explore expansion, redevelopment, or ADU-style enhancements. The properties benefit from ample on-site parking, including garage and off-street spaces. All interested and qualified parties will have the opportunity to tour during scheduled appointments and obtain additional information upon request.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,800,000 |
| No. of Units: | 5 |
| Year Built: | 1900 |
| Lot Size: | 0.22 Acres |
| Opportunity Zone: | No |
| Price per unit: | $960,000 |
| Property Website | Click Here |
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