204 Main Street Melrose — Photo 1 of 5
Recent Drop: $75,000
$659,888
Investment Analysis — 204 Main Street
Melrose, MA 02176
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02176 carries an estimated $3,380/mo in gross rent — about a 3.32% cap rate and $21,938/yr in estimated NOI at the $659,888 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
2,167
Style
Single Family
Built
8888
WOW >>>>>> 3 bedroom home in Melrose, priced for immediate sale. This property is EZ to show.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,167 sq ft principal dwelling). Lot size: 4,504 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater
Geography
Property History
$659,888
Was $679,888
Aug 25, 2026
MLS® 73547157
$679,888
Was $699,888
Aug 3, 2026
MLS® 73547157
$699,888
Was $715,000
Jul 23, 2026
MLS® 73547157
$715,000
Was $734,888
Jul 14, 2026
MLS® 73547157
$734,888
Jul 8, 2026
MLS® 73547157
Listing Agent: Patrick Lydon
Listing Office: USA Real Estate Advisors
MLS® Number: 73547157
