Rare opportunity Redevelopment of a Portfolio of Properties in an extraordinary location! Located on a common boundary line with Melrose Downtown Historic District, existing group of 4 adjoining parcels features 4 Victorian homes with 14 units, a private street, 2 multi-stall garage structures. Distinctive Property Design Features: Gable exterior roof designs at varying heights, high interior ceilings, front porches, oak and maple hardwood floors, and ornate detailing. Zoning allows for 21 units, with opportunity for additional units on approx. 0.75 acres. Mix of 1- and 2-bedroom apartments. The property is approximately 70% occupied. Lots zoned UR-D (Urban Residential ‘D’) allowing multifamily buildings to a density of FAR=1.0. Allowable height is 50 feet and 4 stories. Opportunity for first floor commercial space. Redevelop preserving the existing structures with square foot additions and interior renovations or build a completely new multifamily building (s).
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Last Updated: October 9th, 2024 at 2:48am
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General Information for 1-3-5 Bradford Park, Melrose, Massachusetts 02176
Property TypeCommercial Sale
Price$1
MLS #73296098
List Date2024-09-28
Special Listing ConditionsNo
StateMassachusetts
Street NameBradford Park
Unit
CityMelrose
Zip Code02176
CountyMiddlesex
MLS Status
AssociationNo
Heat Zones
Sold Date
Building Area Total
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress1-3-5 Bradford Park, Melrose MA 02176
Zoning
Zoning DescriptionLegal Conforming
Business TypeCommercial
Interior Features for 1-3-5 Bradford Park, Melrose, Massachusetts 02176
* Approx. Living Area Total0 sq ft
MLS Area (Major)Melrose Highlands
OffMarketDate
Exterior Features for 1-3-5 Bradford Park, Melrose, Massachusetts 02176
* Parking Spaces3
* Year Built1875
Year Built Details
Year Built Source
Construction MaterialsNo
Approx. Street Frontage
Utilities
Disclosures for 1-3-5 Bradford Park, Melrose, Massachusetts 02176
Buyer Agent Compensation
Contingency
FinancingNo
Disclosures
Documents AvailableNo
MLSPIN_COMP_BASED_ON
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Lead PaintUnknown
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 1-3-5 Bradford Park, Melrose, Massachusetts 02176
Association Fee$0
Association Fee Frequency
Associaton Fee IncludesNo
AssociationNo
Assessed Value
Real Estate Tax$0
Tax Year
Existing Lease Type
OriginalListPrice$1
Lifestyle Information for 1-3-5 Bradford Park, Melrose, Massachusetts 02176
Association AmenitiesNo
Frontage Type
GarageYNNo
Location information for 1-3-5 Bradford Park, Melrose, Massachusetts 02176
Marketing History for 1-3-5 Bradford Park, Melrose, Massachusetts 02176
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Agent Information for 1-3-5 Bradford Park, Melrose, Massachusetts 02176