
122 W Wyoming Ave #C Melrose — Photo 1 of 28
$535,000
Investment Analysis — 122 W Wyoming Ave #C
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 2.79% cap rate and $14,923/yr in estimated NOI at the $535,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1.5
SqFt
1,424
Style
Condominium
Built
1900
A rare opportunity to own a piece of Melrose history at the iconic Lewis C. Colburn House, circa 1870. Set on West Wyoming Ave, this most admired historic property, blends grand architectural character with the comfort and convenience of modern living. This pristine residence offers 1,424 square feet spread across two levels, with soaring ceilings, beautiful architectural details, and an inviting, thoughtfully designed layout. The open kitchen and living areas provide plenty of room to entertain, while two well-appointed bedrooms plus converted finished space offer flexibility for a primary suite, second bedroom and/or home office. In-unit laundry, four mini-split systems for efficient cooling, two deeded parking spaces, including one in the garage, and a private deck add the everyday conveniences buyers are looking for. The location is hard to beat, this unit is just three blocks to Wyoming Hill Commuter Rail and convenient to Oak Grove, local bus routes, and vibrant downtown Melrose. Enjoy easy access to neighborhood parks, elementary schools, the Fells Reservation and miles of hiking trails. Historic charm, modern convenience, private outdoor space, and an exceptional commute, all in one of Melrose’s most beloved homes.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Interior Specifications
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Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
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Floorplan Breakdown
Structural Layout
Living Room
Lvl SecondFlooring - Hardwood, Lighting - Overhead
Kitchen
Lvl SecondFlooring - Hardwood
Master Bedroom
Lvl ThirdSkylight, Closet, Flooring - Hardwood
Bedroom 2
Lvl ThirdBathroom 1
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl ThirdListing Agent: Nicolette Mascari
Listing Office: Compass
MLS® Number: 73574142
