38 40 Hurd St
Melrose, MA 02176
- 9 beds
- 4 baths
- 3,519 sqft
- 3,803 sqft lot
- $440 per sqft
- 1900 build
- – on site
***Open House Sunday 12-2 one unit only***Well-maintained 4-unit multi-family property offering strong cash flow and investment potential. the building spans 3,519 sq ft on a 0.09-acre lot and features 9 bedrooms and 4 bathrooms across well designed units. Each unit includes spacious living areas, kitchens, and bedrooms. Tenants enjoy off-street parking, laundry, and easy access to Melrose shops and restaurants. Located just 0.1 miles from Lincoln Elementary School and within walking distance to the Wyoming Hill commuter rail, this property is ideal for those seeking turn key convenience. With consistent rental income and a prime location, 38-40 Hurd Street is a great opportunity for investors looking to grow their portfolio in a strong rental market or the savvy owner looking to live free
Last checked:
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Last updated Apr 18, 2025
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MLS# 73358885 —
The Building
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Year Built:1900
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Year Built Details:Actual
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Year Built Source:Public Records
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Roof:Shingle
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Basement:Full
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Foundation Details:Stone
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Exterior Features:Rain Gutters
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Patio And Porch Features:Porch
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Levels:6
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Stories Total:6
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Stories:6
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# of Units Total:4
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Building Area Total:3519
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Building Area Units:Square Feet
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Building Area Source:Public Records
Interior
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Rooms Total:19
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Fireplace:false
Room Dimensions
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Living Area:3519
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Living Area Source:Public Record
Location
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Directions:38-40 Heard Street
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Latitude:42.453296
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Longitude:-71.070893
The Property
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Parcel Number:M:0B6 P:0000048,652939
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Property Type:Residential Income
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Property Subtype:4 Family - 4 Units Up/Down
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Lot Size Units:Acres
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Lot Size Area:0.09
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Lot Size SqFt:3803
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Lot Size Acres:0.09
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Zoning:URA
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Waterfront:false
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Farm Land Area Units:Square Feet
Listing Agent
- Contact info:
- Office phone:
- (978) 927-8700
Taxes
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Tax Year:2025
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Tax Book Number:80431
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Tax Annual Amount:11415
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Tax Assessed Value:1153000
Beds
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Bedrooms Total:9
Baths
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Total Baths:4
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Total Baths:4
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Full Baths:4
The Listing
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Home Warranty:false
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:false
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Community Features:Public Transportation
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Spa:false
Parking
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Garage:false
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Parking Total:3
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Parking Features:Paved Drive
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Open Parking:true
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/16/25
Apr 16, 2025
|
Listed / Active | MLSPIN | $1,550,000 | 39.1% (14.2% / YR) |
7/15/22
Jul 15, 2022
|
MLSPIN | $1,114,000 | -17.5% | |
7/6/22
Jul 6, 2022
|
MLSPIN | $1,350,000 |