17 Linden Rd Melrose — Photo 1 of 34
$1,150,000
Investment Analysis — 17 Linden Rd
Melrose, MA 02176
Based on rent reported on the MLS listing, a 2-unit multi-family in 02176 carries $5,225/mo in gross rent — about a 3.33% cap rate and $38,313/yr in estimated NOI at the $1,150,000 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
3
SqFt
3,072
Style
2 Family - 2 Units Up/Down
Built
1906
Welcome to 17 Linden Road, an expansive 2-family home ideally located in Melrose's desirable Downtown-Horace Mann neighborhood. Situated on a one-way street, this well-cared-for property offers incredible flexibility, with the potential to accommodate up to 7 bedrooms across 2 spacious units. Unit 1 offers a comfortable layout with 3 bedrooms, hardwood floors, a stainless steel applianced kitchen with ample counter space, a flexible eat-in area, and the option for a separate formal dining room. Unit 2 spans two floors in a desirable townhouse-style layout and features a modern granite kitchen, tile flooring, ample cabinet storage, and the potential for 4 well-proportioned bedrooms w/ generous closet space. The top floor offers a spacious bedroom and full bathroom, creating a private retreat within the unit. With its flexible floor plan, the property is well suited for investors, multigenerational living, or an owner occupant looking to live in one unit while renting the other. Additional highlights include a fenced-in yard, hardwood floors, charming period details, and thoughtful updates throughout. Enjoy all that Melrose has to offer with an exceptional neighborhood amenity score of 83, endless shops and restaurants.Excellent commuter location between the Cedar Park and Wyoming Hill commuter rail stops, with easy access to Route 1 and I-93. All this within the highly desirable Melrose school district. Showings begin at Sundays open house.
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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Listing Agent: Jenna Marquis
Listing Office: Compass
MLS® Number: 73574314
