32 North Mountain Melrose — Photo 1 of 34
Recent Drop: $54,000
$775,000
Investment Analysis — 32 North Mountain
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 3.12% cap rate and $24,147/yr in estimated NOI at the $775,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,464
Style
Single Family
Built
1948
Lovely 3 BR, 2 bath brick Cape home on sweet little cul-de-sac. Conveniently located near Pine Banks Park, and just over a mile to Melrose Center, commuter rail train station, and multiple shops and restaurants. Renovated and lovingly cared for with many updates during the owner’s 14 years of ownership. Renovated kitchen opens into expansive Great Room with a cathedral ceiling and recessed lighting that leads directly to the fenced in rear yard. Kitchen features white cabinets, SS appliances, white granite countertops, recessed and pendant lighting, built-in direct vent microwave oven, and new oak flooring. Large fenced-in rear yard features a raised and fenced-in garden bed, small greenhouse, storage shed, patio area, and a chicken coop! Hardwood flooring throughout, recessed lighting, and tilt-in insulated windows. Six car parking in the paved driveway. Lower level features an office area, a family room with recessed lighting and a pellet stove, as well as storage and laundry
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: 732 sq ft (the lesser of 900 sq ft or half the 1,464 sq ft principal dwelling). Lot size: 6,787 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Golf • Public School
Geography
Property History
$775,000
Was $789,000
Aug 12, 2026
MLS® 73546244
$789,000
Was $829,000
Jul 21, 2026
MLS® 73546244
$829,000
Jul 8, 2026
MLS® 73546244
Listing Agent: The Shorey Realty Group
Listing Office: Real Broker MA, LLC
MLS® Number: 73546244
