135 Melrose Ave

5,722 Sq. Ft.
$171 / Sq. Ft.
5,722
Sq. Ft.
$171
per Sq. Ft.

Description

Rare income producing historical home in tryon! Discover a rare investment opportunity in the heart of Tryon, NC where historic elegance meets modern cash flow. Nestled just steps from downtown, 145 Melrose offers 5,722 sq ft of beautifully renovated living space across two distinct buildings—a grand 1910 built main house & a charming detached cottage—now configured as six upscale, long-term rental apartments. Fully leased at $8,350/mo ($100,200/yr), this turnkey property delivers immediate income...Rare income producing historical home in tryon! Discover a rare investment opportunity in the heart of Tryon, NC where historic elegance meets modern cash flow. Nestled just steps from downtown, 145 Melrose offers 5,722 sq ft of beautifully renovated living space across two distinct buildings—a grand 1910 built main house & a charming detached cottage—now configured as six upscale, long-term rental apartments. Fully leased at $8,350/mo ($100,200/yr), this turnkey property delivers immediate income with room to grow. Step into a world of timeless appeal: the main residence boasts a wraparound porch, hardwood floors, & soaring ceilings, thoughtfully divided into 4 spacious units. The adjacent cottage adds 2 more, each w/ private entrances & modern upgrades. Set on a lush 0.52-acre lot w/ manicured gardens, this compound radiates curb appeal & versatility. Centrally located between Asheville, Charlotte, Greenville & Spartanburg - less than 1 hour to AVL & GSP & >2 hours to CLT airports.
  1. Listed by Becky Call • RE/MAX Results
    P: (585)-409-1869 C: (585)-409-1869 beckycallrealestate@gmail.com

Property Details for 135 Melrose Avenue

Parking Features
On Street
Subdivision Name
Other
LISTING UPDATED: 06/23/2025 01:52 PM

Property Details for 135 Melrose Avenue

StatusClosed
MLS #4233654
Days on Market30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1910
Lot Size0.52 AC / 22,651 SF
CountyPolk County

Location

Listing Courtesy of RE/MAX Results

Sold By Keller Williams Mtn Partners, LLC

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Building Information for 135 Melrose Avenue

Stories-Year Built1910Building Size-Lot Size0.52 AC / 22,651 SF

Payment Calculator

$4,930 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,930

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 135 Melrose Avenue

Summary
Location and General Information
  • Longitude: -82.241418
  • Zoning: M
  • Latitude: 35.206735
  • Directions: From Spartanburg, take I-26 W. Exit 1 to Landrum. Turn left onto hwy 14. Right on hwy 176. Right on Cowan Ln. Left on Pacolet St. Right on Melrose ave. House is on left.
Taxes and HOA Information
  • HOA Subject To: None
  • Tax Assessed Value: $514,589.00
  • Parcel Number: T11-A25
  • City Taxes Paid To: Tryon
School Information
  • Middle Or Junior School: Polk
  • High School: Polk
  • Elementary School: Polk Central
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
  • Garage YN: No
  • Garage Main Level YN: No
Property
Lot Information
  • Above Grade Finished Area: 3686.0
  • Below Grade Finished Area: 0.0
  • Sq Ft Lower: 500
  • Sq Ft Main: 2036
  • Sq Ft Third: 0
  • Sq Ft Unheated Basement: 2096
  • Sq Ft Unheated Total: 2096
  • Sq Ft Upper: 1150
  • Sq Ft Second Living Quarters HLA: 2036.0
  • Sq Ft Total Property HLA: 5722.0
  • Lot Features: Cleared
  • Lot Size Units: Acres
  • Property Type: Residential
  • Property Sub Type Additional: Other
Property and Assessments
  • Geocode Confidence: Medium
  • Down Payment Resource YN: No
  • New Construction YN: No
  • Photos Count: 21
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Senior Community YN: No
  • Restrictions: Short Term Rental Allowed
Green Features
  • Green Verification Count: 0
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Two or More Access Exits
  • Construction Materials: Hardboard Siding
  • Patio And Porch Features: Covered, Wrap Around
  • Road Surface Type: Concrete, Paved
Interior Features
  • Appliances: Dishwasher, Dryer, Oven, Refrigerator, Tankless Water Heater, Washer, Washer/Dryer
  • Levels: Two
  • Cooling: Window Unit(s)
  • Heating: Natural Gas, Radiant
  • Laundry Features: Common Area, Gas Dryer Hookup, In Basement, Washer Hookup
  • Fireplace YN: No
  • Flooring: Wood
  • Foundation Details: Basement
  • Basement YN: Yes
  • Basement Features: Apartment, Finished, Partially Finished, Storage Space, Walk-Out Access
  • Bedroom Lower: 1
  • Bedroom Main: 1
  • Bedroom Second LQ: 3
  • Bedroom Upper: 3
  • Full Bath Lower: 1
  • Full Bath Main: 2
  • Full Bath Second LQ: 2
  • Full Bath Upper: 2
  • Half Bath Main: 1
  • Second Living Quarters: Exterior Not Connected, Separate Entrance, Separate Kitchen Facilities, Separate Living Quarters
Room Information
Room Information
  • Room Count: 1.0
Room 1
  • Room Types: Primary Bedroom
  • Room Level: Main

Property History for 135 Melrose Avenue

DateEvent & SourcePriceAppreciation
Jun 18, 2025

Closed

CANOPY #4233654

$979,000
Apr 12, 2025

Under Contract-Show

CANOPY #4233654

Mar 13, 2025

Listed (Active)

CANOPY #4233654

$1,000,000
DateEvent & SourcePrice
06/18/2025

Closed

CANOPY #4233654

$979,000
04/12/2025

Under Contract-Show

CANOPY #4233654

03/13/2025

Listed (Active)

CANOPY #4233654

$1,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 135 Melrose Avenue

This home is within Polk County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Tryon Elementary School
PublicPK to 5

Polk County Middle School
Public6 to 8

Polk County High School
Public9 to 12

Polk County Early College
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Results

Based on information submitted to the MLS GRID as of 06/23/2025 01:52 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.