25 Ledge Street Melrose — Photo 1 of 42
Recent Drop: $20,000
$699,900
Investment Analysis — 25 Ledge Street
Melrose, MA 02176 — Horace Mann
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 3.36% cap rate and $23,507/yr in estimated NOI at the $699,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,341
Style
Single Family
Built
1923
Set in the Horace Mann neighborhood, this beautiful home features 3 bedrooms and 2 baths with a gracious layout and timeless character. The first floor offers hardwood floors, recessed lighting in the dining and living areas, convenient first-floor laundry, a flexible bonus room, and a partially finished basement with first-floor access to a hideaway game room, plus new central air and a new heating furnace. The outdoor space is ideal for entertaining, with an above-ground pool, landscaped sitting area, firepit patio, and a spacious deck with ample seating. Upstairs, you’ll find great ceiling height, natural woodwork, hardwood floors, and a primary suite with Juliet balcony overlooking the yard. Enjoy convenient access to commuter rail service, the Middlesex Fells Reservation, Pine Banks Park, and downtown Melrose
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: 671 sq ft (the lesser of 900 sq ft or half the 1,341 sq ft principal dwelling). Lot size: 4,661 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Golf • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First10.5 x 18.3
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting
Dining Room
Lvl First10.2 x 16.4
Flooring - Hardwood, Recessed Lighting, Lighting - Pendant
Kitchen
Lvl First9.1 x 14.3
Flooring - Vinyl, Countertops - Upgraded
Master Bedroom
Lvl Second12.8 x 12.1
Vaulted Ceiling(s), Closet, Flooring - Hardwood, Balcony - Exterior
Bedroom 2
Lvl Second10.1 x 12.11
Bedroom 3
Lvl Second10.2 x 12.11
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First2.8 x 11.9
Bathroom - With Shower Stall
Bathroom 2
Lvl Second12.8 x 12.1
Bathroom - Full
Property History
$699,900
Was $719,900
Sep 9, 2026
MLS® 73550671
$719,900
Jul 16, 2026
MLS® 73550671
Listing Agent: Rocky Macdonald
Listing Office: Elite Realty Experts, LLC
MLS® Number: 73550671
