265 Main St Melrose — Photo 1 of 38
Recent Drop: $50,000
$749,000
Investment Analysis — 265 Main St
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 3.14% cap rate and $23,500/yr in estimated NOI at the $749,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,668
Style
Single Family
Built
1925
Discover the charm and potential of 265 Main Street in Melrose, a 3-bedroom, 2-bath home ready for its next chapter. This inviting property features high ceilings, a wonderful sense of space, and a flexible layout with great bones—ideal for bringing your vision to life. Inside, you'll find a bright and spacious family room filled with natural light from an abundance of windows, while the impressive ceiling height enhances the open feel. The living room offers a cozy gas fireplace, and charming built-in china cabinets add character and timeless appeal. A private home office provides the perfect space for remote work or a quiet retreat. The home also includes a one-car garage and a lovely backyard with room to relax, garden, or entertain. Set in a phenomenal location, you're just moments from downtown Melrose, Sylvan Street Park, and the Oak Grove train station, making commuting, dining, shopping, and everyday conveniences incredibly accessible. Don't miss this opportunity to make this h
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: 834 sq ft (the lesser of 900 sq ft or half the 1,668 sq ft principal dwelling). Lot size: 4,456 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
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First10.666666666 x 17.833333333
Ceiling Fan(s), Flooring - Hardwood, Lighting - Overhead
Dining Room
Lvl Main,First12.833333333 x 12.333333333
Flooring - Hardwood, Lighting - Pendant
Kitchen
Lvl Main,First12.833333333 x 9.5
Flooring - Stone/Ceramic Tile, Exterior Access, Lighting - Overhead
Office
Lvl Main6.333333333 x 7.416666666
Flooring - Hardwood, Lighting - Overhead, Crown Molding
Family Room
Lvl Main,First12.5 x 15
Ceiling Fan(s), Flooring - Hardwood, Lighting - Overhead
Master Bedroom
Lvl Second12.416666666 x 15.166666666
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second12.166666666 x 12.666666666
Bedroom 3
Lvl Second9.333333333 x 10.166666666
Closet, Flooring - Hardwood
Bathroom 1
Lvl Main,First6.166666666 x 7.416666666
Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Lighting - Overhead
Bathroom 2
Lvl Second8.5 x 7
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Overhead
Property History
$749,000
Was $799,000
Aug 13, 2026
MLS® 73549122
$799,000
Jul 14, 2026
MLS® 73549122
$824,000
Jul 13, 2026
MLS® 73541011
$824,000
Jun 24, 2026
MLS® 73541011
Listing Agent: Gayle Winters & Co. Team
Listing Office: Compass
MLS® Number: 73549122
