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Listing: 1 of 1 Updated 32 minutes ago

40-42 Tappan St Melrose, MA 02176

Multi-Family $850,000



Calling all visionaries! Here's your chance to write the next chapter of this beloved Melrose two-family, carefully stewarded by the same family since Elvis was topping the charts. While this home might need a refresh (think more time capsule than turn-key), its bones are as solid as its location is spectacular. Perfectly perched just steps from downtown Melrose's foodie paradise and the commuter rail, this property is also a hop and skip from the wilderness wonderland of Middlesex Fells. Leave your car in the two car driveway and walk to everything that makes Melrose one of Greater Boston's most coveted communities. Amidst the vintage vibes inside lie original hardwood floors, and a generous deep lot outside begs for your garden dreams. The possibilities here are endless, but it's perfect for house hackers: live in one unit while rental income helps fund your renovation vision. Or, reimagine both units for maximum return. Opportunities like this one do not come along often!


General Information for 40-42 Tappan St Melrose, MA 02176

Town Melrose
County Middlesex
Stories 3
SQFT 2,130
Status Available
Listing Number 73370664 (MLSPIN)

Rooms Information for 40-42 Tappan St Melrose, MA 02176

Laundry Electric Dryer Hookup

Interior Information for 40-42 Tappan St Melrose, MA 02176

Basement Full
Walk-Out Access
Unfinished
Interior Features Pantry
Bathroom With Tub & Shower
Storage
Living Room
Dining Room
Kitchen
Laundry Room
Sunroom
Hardwood
Heating Oil
Appliances Range
Dishwasher
Refrigerator
Washer
Dryer

Exterior Information for 40-42 Tappan St Melrose, MA 02176

Lot Size 0.16 acres
Lot Description Level
Construction Frame
Parking Spaces: 2
Paved Drive
Off Street
Paved
Lot Level
Water Public
Sewer Public Sewer
Exterior Features Rain Gutters
Garden
Fenced

Neighborhood Information for 40-42 Tappan St Melrose, MA 02176

Neighborhood Amenities Public Transportation
Shopping
Park
Medical Facility
House of Worship
Public School
T-Station

Schools information for 40-42 Tappan St Melrose, MA 02176

Elementary Lincoln
Middle Melrose Middle
High Melrose High
General Area Public, Private School and College Information

Miscellaneous Information for 40-42 Tappan St Melrose, MA 02176

Year Built 1920
Association Fee 0
Taxes $7,818 /Yr
Comp Buyer Agency Compensation:
Buyer Agency Compensation Type:
Sub Agency Compensation:
Sub Agency Compensation Type:
Transaction Broker Compensation:
Compensation Based On:
Sub-Agency Relationship Offered:

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Listing provided courtesy of leading edge real estate

Market Snapshot as of May 23, 2025 (Last 30 days)

Condo Data
Units 7,021
Avg Price $992,534
Avg Days Listed 87
Total New Listings 8
House Data
Units 12,358
Avg Price $1,301,789
Avg Days Listed 74
Total New Listings 35
Multi-Family Data
Units 1,882
Avg Price $1,277,459
Avg Days Listed 99
Total New Listings 3

Average Price by Property Type
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Recent Home Sales In This Zip Code (02176)

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Listing: 1 of 1 Updated 32 minutes ago
Real Estate LogoThe property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. (AN4646/CN226474)