Expired
63 Days on market
38 & 40 Hurd St Melrose — Photo 1 of 26

38 & 40 Hurd St Melrose — Photo 1 of 26

Recent Drop: $100,000

$1,395,000
$1,295,000

$1,295,000

38 & 40 Hurd St, Melrose, MA 02176

Melrose, MA 02176

Investor Analysis

Beds

9

Baths

4

SqFt

3,519

Style

4 Family

Built

1900

Giant 4 Unit in the heart of Melrose! Well-maintained property offering strong income potential and flexible living arrangements. This spacious multi-unit building features 9 bedrooms and 4 full baths across approximately 3,519 sq ft of living space. Units offer functional layouts with bright living areas, updated kitchens, hardwood/vinyl flooring, and separately metered utilities. Additional highlights include off-street parking, shared laundry, and a full basement for storage. Conveniently located near downtown Melrose shops, restaurants, parks, schools, and public transportation, including the Wyoming Hill commuter rail station for easy access to Boston. Excellent opportunity to expand your investment portfolio or offset your mortgage with rental income in one of Melrose’s most desirable neighborhoods

Immersive Experience

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$368/sqft
Local Avg (Melrose)$444/sqft
17% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Melrose, MA.

Property Details

Financials

Original Price$1,395,000
Annual Taxes$11,415

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms19
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationStone
ZoningURA

Property & Lot

Acres0.09
SqFt Lot3,803
Lot Features--

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Property History

Price Drop
$1,295,000

Was $1,350,000

Aug 21, 2026

MLS® 73552211

Price Drop
$1,350,000

Was $1,395,000

Jul 29, 2026

MLS® 73552211

Listed
$1,395,000

Jul 20, 2026

MLS® 73552211

Terminated
$1,450,000

Jul 9, 2025

MLS® 73358885

Listed
$1,450,000

Apr 16, 2025

MLS® 73358885

Population

29,650

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$134K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

32.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Jonathan Mathews

Listing Office: Keller Williams Realty Boston-Metro | Back Bay

MLS® Number: 73552211

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