Last Sold Price
5 beds2,917 sqft$168/sqft
38-40 Leonard Rd, Melrose, MA 02176

Description

Standard two family home with lots of features. Front and back porches, hard wood floors throughout, built-in hutches in both units, high ceilings and many ceiling fans throughout. You are steps to downtown Melrose restaurants and shops. Oak Grove "T" station is 1.5 miles from the front door, or jump on the commuter rail to Boston. Routes 93 and 1 are about 5 minutes away. Well maintained property with all separate utilities makes this a great income property. Newer hot water tank, oil tank, and...Standard two family home with lots of features. Front and back porches, hard wood floors throughout, built-in hutches in both units, high ceilings and many ceiling fans throughout. You are steps to downtown Melrose restaurants and shops. Oak Grove "T" station is 1.5 miles from the front door, or jump on the commuter rail to Boston. Routes 93 and 1 are about 5 minutes away. Well maintained property with all separate utilities makes this a great income property. Newer hot water tank, oil tank, and dishwasher installed. Ne roof in 2013. Small back and side yard leaves you with quick summer lawn cuttings but still room for the grills and pets.
LISTING CLOSED: 08/08/2014 12:00 AM

  1. Listed by Alexander Zedros • Century 21 Tradition

Property Details for 38-40 Leonard Road

Status
MLS #
71663432
Days on Market
31
Taxes
$4,972 / year
HOA Fees
-
Property Type
MLS Type
Multi-family / 2 Family - 2 Units Up/Down
Year Built
1924
Town
Melrose
Area
MA-Melrose
Style
Garden
Garage Spaces
0
Open Parking Spaces
4.00
Parking Spaces Total
4

Recent comparable sales

Median sold price

$1,025,000

Avg days on market

17

Sale-to-list ratio

101.2%

Melrose, MA

9 comparable properties found

a front view of a house with garden
1/31
1

$1,130,000

Sold 10/14/25

5
Bedrooms
2,390
Square Feet
0.17
Acres
a front view of a house with a garden and plants
1/41
2

$1,025,000

Sold 08/22/25

5
Bedrooms
3,100
Square Feet
0.19
Acres
an aerial view of a house with outdoor space and street view
1/39
3

$1,010,000

Sold 09/30/24

5
Bedrooms
2,601
Square Feet
0.11
Acres
a front view of a house with a yard
1/42
4

$820,000

Sold 05/22/26

5
Bedrooms
2,605
Square Feet
0.16
Acres
front view of house with a yard
1/43
5

$1,341,000

Sold 05/28/26

5
Bedrooms
2,950
Square Feet
0.27
Acres
$1,075,000 | 780-782 Main Street, Melrose, MA 02176
1/37
6

$1,075,000

Sold 06/15/26

5
Bedrooms
2,474
Square Feet
0.08
Acres
a view of a car parked in front of a brick house
1/37
7

$900,000

Sold 12/27/24

5
Bedrooms
3,374
Square Feet
0.18
Acres
$1,350,000 | 55 Boston Rock Road, Melrose, MA 02176
1/43
8

$1,350,000

Sold 03/27/26

5
Bedrooms
2,833
Square Feet
0.42
Acres
$940,000 | 45 Vinton Street, Melrose, MA 02176
1/31
9

$940,000

Sold 09/12/25

5
Bedrooms
2,800
Square Feet
0.11
Acres

Location

Listing Courtesy of Century 21 Tradition, Alexander Zedros

Sold By Arista Realty Group, Ariana L. Melendez

Add your commute

Building Information for 38-40 Leonard Road

Stories3Residences2Year Built1924Building Size-Lot Size0.10 AC / 4,216 SF

Payment Calculator

$2,905 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,491

Property Taxes

$414

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 38-40 Leonard Road

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
  • Current Financing: Conv. Fixed
  • Living Area: 2917.0
  • Color: Mustard
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Unknown/Mixed
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Disposal, Refrigerator, Washer, Dryer), Unit 2(Range, Dishwasher, Gas Water Heater, Tankless Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
  • Basement Features: Full, Concrete Floor
  • Num of Baths: 3.0
  • Num of Full Baths: 2
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 2.50
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Hardwood, Unit 1(undefined), Unit 2(Tile Floor, Hardwood Floors, Wood Flooring, Stone/Ceramic Tile Floor)
  • Interior Features: Unit 1(Pantry, Storage, Bathroom With Tub), Unit 2(Pantry, Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen, Other (See Remarks))
  • Window Features: Insulated Windows, Screens
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters, Garden, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck
  • Exterior Features: Screens, Garden Area, Porch, Porch - Enclosed, Patio
  • Lot Description: Level
  • Patio And Porch Features: Porch, Enclosed, Patio
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Unit 1(Steam, Oil), Unit 2(Steam, Gas)
  • Heating: Yes
  • Sewage District: MWRA
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Gas Oven
  • Water: Public
Property Information
Property Info
  • UFFI: Unknown
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Both tenants interested in staying if possible and first floor lease expires in August,second floor is a TAW.
Tax Information
  • Tax ID: M:0D7 P:0000041,654770
  • Assessments: $385,400
  • Book: 51975
  • Tax Year: 2013
  • Zoning: URB
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Block, Stone
  • Foundation Area: 980.0
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 2
  • Heat Zones: 2
Income / Expenses
  • Annual Expenses Source: Not Available
  • GOI: $32,400.00
  • NOI: $32,400.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $2,700.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 2.0

Property History for 38-40 Leonard Road

DateEvent & SourcePriceAppreciation
Aug 8, 2014

Sold

MLS PIN #71663432

$490,000
Apr 30, 2014

Under Agreement

MLS PIN #71663432

Apr 30, 2014

Contingent

MLS PIN #71663432

DateEvent & SourcePrice
08/08/2014

Sold

MLS PIN #71663432

$490,000
04/30/2014

Under Agreement

MLS PIN #71663432

04/30/2014

Contingent

MLS PIN #71663432

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

Public Records for 38-40 Leonard Road

Taxable ValueLand$388,100Additions$406,800Total$794,900
Tax Record2024$7,893 ($658 / month)
Home Facts
Baths2.5Total Finished SqFt2,917 SqFtAbove Grade Finished SqFt2,917 SqFtUnfinished Basement SqFt915 SqFtStories2Lot Size4,217 SqFtStyleDuplexYear Built1924ZoningURBCountyMIDDLESEXAPNMELR M:0D7 P:0000041

Schools near 38-40 Leonard Road

This home is within Melrose School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - K to 5
Rating
School
Distance
Winthrop Elementary School
PublicK to 5

Hoover Elementary School
PublicK to 5

Roosevelt Elementary School
PublicK to 5

Lincoln Elementary School
PublicK to 5

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 38-40 Leonard Road, Melrose, MA 02176
$490,000
5
2,917
4,216
$405,000
2
2,184
4,321
$200,000
2,917
4,217
$158,400
3
4,129
$760,000
3
2,280
3,581
$415,000
2
936
3,049

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Tradition, Alexander Zedros

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.