About this home
Exceptional corner two-family in Melrose’s most desirable East Side! Just a short walk to downtown and commuter rail; minutes from major routes, and steps from Melrose-Wakefield Hospital. This well-maintained home features 3 levels of living space with many recent upgrades and hardwood floor throughout both units. The first-floor unit features a 5-room layout with 2 bedrooms and has been fully renovated including new windows. The second and third floor unit offers a spacious 9 rooms, 5 bedrooms, a living room, dining room, 2 full baths, and new modern kitchen, new paint and new bathroom vanity in second floor. Additional highlights include partially finished basement with newly updated floor, front and rear porches, in unit laundry, and 5 off-street parkings. The property is currently vacant and was previously rented for $5,900/month, with potential for higher rental income. A particularly attractive feature is the valuable BD/Medical/Hospital zoning, offering additional possibilities for qualified buyers. Fantastic opportunity for investors, medical professionals, and owner-occupants. Buyer and buyer’s agent to do their own due diligence.
Listing last checked: Listing updated:
Listed by Zhiqiang Zhang · Fairview Partners International LLC · MLS #73574982
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Details at a glance
Interior5 property facts
- Rooms
- 14
- Heating
- Steam, Natural Gas
- Cooling
- Window Unit(s)
- Flooring
- Wood, Tile, Hardwood, Stone/Ceramic Tile
- Basement
- Yes · Full, Partially Finished, Walk-Out Access
Building5 property facts
- Style
- 2 Family - 2 Units Up/Down
- Year built
- 1929
- Parking
- 5
- Foundation
- Concrete Perimeter
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 0.11 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- BD
Financial2 property facts
- Annual taxes
- $8,058
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $1,179,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$6,633 / monthAdjust
- Principal & interest
- $5,962
- Property tax
- $672
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $8,058. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Ter
$1,199,000 · Mar 12, 2026
More property insights
Automated value estimate $1,196,835
Estimated range $1,136,998–$1,256,671.
Automated estimates are not appraisals or guarantees of market value.
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Overall presentation: average
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About 22 E Emerson St
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