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$7,000,000
11 Days On Site

447 Pleasant St
Melrose, MA 02176

For Sale|Multi Family|Active
24
Beds
24
Total Baths
24
Full Baths
13,440
SqFt
$521
/SqFt
1964
Built
County:
Middlesex

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447 Pleasant St447 Pleasant St447 Pleasant St447 Pleasant St
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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.

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Listing Snapshot
Price 
$7,000,000
Days On Site 
11 Days
Bedrooms 
24
Inside Area (SqFt) 
13,440 sqft
Total Baths 
24
Full Baths 
24
Partial Baths 
N/A
Lot Size 
0.45 Acres
Year Built 
1964
MLS® Number 
73380148
Status 
Active
Property Tax 
$31,085
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
0.45
Disclosures 
The Total Monthly Rent is $46,235. $32,767 is the maximum input allowed by M L S.
Foundation 
Other
Number Of Stories 
3
Parking 
Off Street
Parking Spaces 
21
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Above 
10080
SqFt Below 
3360
SqFt Total 
13440
Water Source 
Public
Zoning 
URC
Interior Features
Appliances 
Electric Water Heater
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Exterior Features
Lot Features 
Other
Roof 
Rubber
Community Features
Community Features 
Park
Listing courtesy of Kelleher - Pentore Team of Horvath & Tremblay



The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.

Last checked 2025-06-08 10:42 AM UTC

Neighborhood & Commute
Source: Walkscore
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