112 Porter St #5 Melrose — Photo 1 of 19
$599,000
Investment Analysis — 112 Porter St #5
Melrose, MA 02176
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02176 carries an estimated $2,820/mo in gross rent — about a 2.82% cap rate and $16,887/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
905
Style
Condominium
Built
1924
Comfort and style best describe this beautiful two-level, 2-bedroom, 2-bathroom condo, perfectly situated in the highly desirable East Side Melrose neighborhood. Nestled in an intimate 8-unit complex with low condo fees, this home offers an easy, maintenance-free lifestyle. The bright and spacious interior features a cozy fireplace and gleaming hardwood floors on the main level. The modern kitchen shines with granite countertops and stainless steel appliances. You will love the rare perk of two side-by-side, off-street parking spaces and a private storage room on the lower level. Enjoy being just moments away from the scenic Bellevue Country Club, Whole Foods and Shaw's supermarkets, and MelroseWakefield Hospital, with easy access to major highways. Plus, a convenient bus stop right outside takes you straight to the Oak Grove Orange Line train station, making commutes a breeze. With downtown shops and lively restaurants nearby, this two-level gem truly has it all! Extra storage in bsmt as well as extra storage room. Showing begin on Thursday September 10, broker/buyer open house 10:30-12:00. Offers, if any, due Tuesday September 15, 2026 by 2:00 pm.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer/Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First17 x 12
Flooring - Hardwood, Recessed Lighting
Dining Room
Lvl FirstFlooring - Hardwood, Recessed Lighting
Kitchen
Lvl Main,First10 x 7
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances
Master Bedroom
Lvl Main,First12 x 11
Closet, Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl Basement13 x 11
Bathroom 1
Lvl FirstBathroom - 3/4
Bathroom 2
Lvl BasementBathroom - Full
Listing Agent: Katherine Platcow
Listing Office: Harbor View Real Estate Corp.
MLS® Number: 73571151
