24 Mount Zion Road Melrose — Photo 1 of 40
Recent Drop: $350,000
$1,949,000
Investment Analysis — 24 Mount Zion Road
Melrose, MA 02176
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02176 carries an estimated $3,730/mo in gross rent — about a 0.55% cap rate and $10,630/yr in estimated NOI at the $1,949,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4.5
SqFt
5,350
Style
Single Family
Built
2026
New construction in desirable town of Melrose! This home features 9-ft ceilings and an open floor plan designed for today’s buyers. The chef’s kitchen offers white cabinetry, quartz countertops, an oversized island, stainless steel appliances w/hood, flowing into a bright family room w/grey ct floor to ceiling fireplace & access to a covered composite deck—perfect for entertaining with Boston skyline views. The dining room w/custom moldings & wet bar connects seamlessly to the kitchen, while a first-floor living room is ideal as a playroom or office. Upstairs includes 4 bedrooms, 3 Baths & Laundry. Luxurious primary suite w/double quartz vanities, tiled shower, & two walk-in closets. A 5th bedroom, full bath, office, & bonus space on the upper level ideal nanny or guest suite. Lower level features exercise room, full bath, mudroom, 3-car garage. Minutes to downtown Melrose; Starbucks, Whole Foods, Fine Dining, Shopping, Golf, Public Transportation the Commuter Rail & All Major Routes.
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 5,350 sq ft principal dwelling). Lot size: 9,683 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Disposal • Microwave • Freezer • ENERGY STAR Qualified Refrigerator • Wine Refrigerator • ENERGY STAR Qualified Dishwasher • Range Hood • Range • Oven
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First18 x 11
Flooring - Hardwood, Recessed Lighting, Crown Molding
Dining Room
Lvl Main,First19 x 14
Flooring - Hardwood, Wet Bar, Recessed Lighting, Crown Molding
Kitchen
Lvl Main,First23 x 13
Flooring - Hardwood, Pantry, Countertops - Upgraded, Kitchen Island, Open Floorplan, Recessed Lighting, Slider, Stainless Steel Appliances
Office
Lvl Third27 x 21
Bathroom - 3/4, Flooring - Wall to Wall Carpet, Recessed Lighting
Family Room
Lvl Main,First19 x 16
Flooring - Hardwood, Deck - Exterior, Open Floorplan, Recessed Lighting, Slider
Master Bedroom
Lvl Second17 x 11
Bathroom - 3/4, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl Second15 x 11
Bedroom 3
Lvl Second14 x 10
Bathroom - Full, Closet - Linen, Closet, Flooring - Hardwood
Bedroom 4
Lvl Second14 x 10
Closet, Flooring - Hardwood
Bedroom 5
Lvl Third12 x 8
Bathroom - Full, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl Main,First7 x 5
Flooring - Hardwood
Bathroom 2
Lvl Second12 x 9
Bathroom - 3/4, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Recessed Lighting
Bathroom 3
Lvl Second12 x 5
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Property History
$1,949,000
Was $2,099,000
Jun 23, 2026
MLS® 73508189
$2,099,000
Was $2,199,999
Jun 7, 2026
MLS® 73508189
$2,199,999
Was $2,299,000
May 28, 2026
MLS® 73508189
$2,299,000
Apr 28, 2026
MLS® 73508189
Listing Agent: Nikki Martin Team
Listing Office: Compass
MLS® Number: 73508189
