38-40 Hurd St Melrose, MA 02176
Property details
About 38-40 Hurd St
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
Highlights
(Price Changed)
Summary
- Full Bathrooms: 4
- Basement: Yes
- Total Bedroom Count: 9
- Parking: Paved Drive, Off Street
- Exterior: Rain Gutters
- List Price: $1,499,000
- Price/SqFt: $425
- Annual Tax Amount: $11,198
- Tax Year: 2024
- Directions: 38-40 Heard Street
- Year Built: 1900
- Stories: 6
- Living Area: 3,519 SqFt
- Lot Size: 0.09 Acres
- MLS Number: 73358885
- MLS Name: MLS Property Information Network
- Office Name: Keller Williams Realty Evolution
- Office Phone: (978) 927-8700
- Listing Agent: Jonathan Mathews
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/14/2025, 9:20:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,499,000
38-40 Hurd St
$10,000
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 14, 2022 | Home Sold | $1,200,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,127,700 | $11,198 |
| 2022 | $717,300 | $7,582 |
| 2021 | $676,500 | $7,408 |
| 2020 | $640,700 | $7,080 |
| 2019 | $607,000 | $6,562 |
History based on county public records data.
Nearby schools
7
Lincoln Elementary School
Public District KG-5
0.1 mi
•80 W Wyoming Ave
7
Roosevelt Elementary School
Public District KG-5
0.9 mi
•253 Vinton St
9
Winthrop Elementary School
Public District KG-5
1.0 mi
•162 1st St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $67,606. The most common annual income of people living in Melrose, MA is less than $<35k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hiking/backpacking
Symphony or Opera
Figure Skating
Where do the neighbors shop?
Nordstrom Rack
Chico's
H&M
Where do the neighbors go to eat?
Chipotle
Boston Market
Bob Evans
What do the neighbors drive?
Mazda
Volvo
Oldsmobile
What do the neighbors listen to?
Rock
Talk/Personality
News
This home is located at 38-40 Hurd St in Melrose, MA and zip code 02176. This 3,519 square foot home, which was built in 1900, sits on a 0.09 acre lot. Features: 9 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 16, 2025 and is currently priced at $1,499,000.
In April 2025 more than 17 listings in Melrose, MA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 5 were sold below. In April 2025 in Melrose, MA there were 51.9% more homes for sale than in March. While the average time on the market in April 2025 was 18 days, the median list price was $830,000.