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32636316
32636299

4 Locations

NorthEast Private Client Group Shelton
FS
MA: 149766
NorthEast Private Client Group Newton
DK
MA: 134670
NorthEast Private Client Group Newton
JC
MA: 9568843
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Shelton, NorthEast Private Client Group Newton
$4,800,000
23 days on market
Updated 23 days ago

W Emerson & Bradford Park Portfolio

Details
Property Type Multifamily
Sub Type Apartment Building
Units 14
Tenancy Multi
Buildings 4
Acreage 0.710
Zoning UR-D / Urban Residential
Investment Type Value Add

14 Units | Melrose, MA

Marketing 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.

Investment highlights

  • 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

Listing Contacts

NorthEast Private Client Group Shelton
FS
MA: 149766
NorthEast Private Client Group Newton
DK
MA: 134670
NorthEast Private Client Group Newton
JC
MA: 9568843
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Shelton, NorthEast Private Client Group Newton

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Additional Information

Name
Anthony Rakuskas
License
9588289
Brokerage
Northeast Private Client Group
Title
Associate
Brokerage Address
300 Washington Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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