#73380111, Kelleher - Pentore Team, Listing office: Horvath & Tremblay
$7,000,000 List price
447 Pleasant St Melrose, MA 02176
24 beds
24 full
13,440 sqft
0.5 acres
$521 / sqft
Multi-Family
Property details
About 447 Pleasant St
447 Pleasant St is a three-story brick building with 24 residential units consisting of 1 Studio unit and (23) 1-Bedroom/1-Bathroom units. The units are separately metered for electric, which is paid directly by the tenants. The Landlord is responsible for electric heat and hot water, common area electric, and domestic water and sewer. 447 Pleasant Street has been well maintained throughout ownership and features ample off-street parking with 21 spaces. The Property also offers an elevator and on site laundry facility, and each unit has a private walk-out patio or balcony. 447 Pleasant Street offers the opportunity to acquire a well-maintained investment Property with upside in an exceptional, urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. In-place rents are below market rates, providing significant potential for upside by achieving market rents through programmatic upgrades to the unrenovated units.
Highlights
Home typeMulti Family
StatusActive
Size13,440 sqft
Lot size0.45 Acres
Year built1964
ParkingOff Street
MLS #73380148
Summary
- Full Bathrooms: 24
- Total Bedroom Count: 24
- Parking: Off Street
- List Price: $7,000,000
- Price/SqFt: $520
- Annual Tax Amount: $28,112
- Tax Year: 2024
- Lot: Other
- Directions: Please Use GPS
- Year Built: 1964
- Stories: 3
- Living Area: 13,440 SqFt
- Lot Size: 0.45 Acres
- MLS Number: 73380148
- MLS Name: MLS Property Information Network
- Office Name: Horvath & Tremblay
- Office Phone: (781) 776-4000
- Listing Agent: Kelleher - Pentore Team
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: 6/10/2025, 8:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,831,000 | $28,112 |
| 2023 | $2,601,200 | $27,105 |
| 2022 | $2,403,900 | $25,409 |
| 2021 | $2,124,900 | $23,268 |
| 2020 | $2,125,800 | $23,490 |
| 2019 | $1,946,300 | $21,040 |
History based on county public records data.
Nearby schools
7
Lincoln Elementary School
Public District KG-5
0.1 mi
•80 W Wyoming Ave
8
Hoover Elementary School
Public District KG-5
1.0 mi
•37 Glendower Rd
7
Roosevelt Elementary School
Public District KG-5
1.1 mi
•253 Vinton 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 $65,453. Typical income of Melrose, MA residents is between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
18%
<35k
60%
35k-100k
13%
100k-200k
9%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
55%
Single, No Kids
6%
Single, with Kids
24%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
4%
12-17 yrs old
27%
18-34 yrs old
41%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Yoga/pilates
Figure Skating
NBA/WNBA
Where do the neighbors shop?
H&M
Chico's
Express/Express For Men
Where do the neighbors go to eat?
Dominos Pizza
Bob Evans
Starbucks
What do the neighbors drive?
Audi
Oldsmobile
Pontiac
What do the neighbors listen to?
Alternative
News
Urban Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 447 Pleasant St
The listing price of 447 Pleasant St property is $7,000,000.
The property 447 Pleasant St is a multi located in Melrose, Massachusetts, 02176.
Active Listing: 447 Pleasant St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 447 Pleasant St are: Lincoln Elementary School (GreatSchools Rating 7/10), Hoover Elementary School (GreatSchools Rating 8/10), Roosevelt Elementary School (GreatSchools Rating 7/10), Melrose Veterans Memorial Middle School (GreatSchools Rating 5/10), Forestdale (GreatSchools Rating 5/10), Salemwood (GreatSchools Rating 4/10), Melrose High School (GreatSchools Rating 7/10), Malden High School (GreatSchools Rating 3/10), Mystic Valley Regional Charter School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $28,112 (source: MLS/based on county public records data).
The property 447 Pleasant St is 13,440 SqFt (source: MLS/tax record).
The year of construction for 447 Pleasant St is 1964.
This home is located at 447 Pleasant St in Melrose, MA and zip code 02176. This 13,440 square foot home, which was built in 1964, sits on a 0.45 acre lot. Features: 24 bedrooms, 24 bathrooms. It has been listed on Rocket Homes since May 27, 2025 and is currently priced at $7,000,000.
In May 2025, from all listings sold in Melrose, MA there were more than 19 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price. The number of listings in Melrose, MA increased by 15.2% between April and May 2025. Listings spent 13 days on the market in May 2025, and had a median list price of $833,200 during the same period.
From Rocket Homes Real Estate and based on county public records data.