9 Elm St, Melrose, MA, 02176
About This Home
Horvath & Tremblay is pleased to present this two-family investment property located at 9 Elm Street in Melrose, MA. The three-story building contains two (2) 3-Bedroom/1-Bathroom units with 2,630 square feet of gross living area in 5,544 square feet of gross area. Both units offer in-unit laundry and porches. Additional value-add opportunities can be leveraged for an investor or savvy owner-occupant. The Property is situated upon a 0.134-acre corner parcel and features two (2) off-street parking spaces. 9 Elm Street is well-positioned in downtown Melrose, offering strong access to the city's central business district, neighborhood retail corridors, and surrounding residential neighborhoods.
Getting Around
Very Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1896
Materials
- Foundation: Stone
- Roof: Shingle
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: 2 Family - 2 Units Up/Down
Interior
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Wood
- Finished area above ground: 2,630
Interior Area
- Total structure area: 2,630
- Total interior livable area: 2,630 sqft
Property
Details
- Parcel number: M:E10 P:0000133,660083
- Zoning: URA
Features
- Patio & porch: Porch
Lot
- Lot size: 5,837 sqft
- Features: Corner Lot
Parking
- Total spaces: 2
- Parking features: Paved Drive,Off Street
- Has uncovered spaces: Yes
- Uncovered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,304 | $63,648 |
| Home Insurance * | $242 | $2,904 |
| Property Taxes | $850 | $10,200 |
| Electricity | $518 | $6,223 |
| Total | $6,914 | $82,968 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-22 | Listed for sale | $1,049,000 |
| 1998-07-01 | Sold | $210,000 |
| 1993-02-02 | Sold | $100,000 |
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