36 Fairmount Melrose — Photo 1 of 17
$699,000
Investment Analysis — 36 Fairmount
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 3.57% cap rate and $24,931/yr in estimated NOI at the $699,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
1,440
Style
Single Family
Built
1910
Welcome to 36 Fairmount Street a charming Colonial in Melrose's desirable Mount Hood neighborhood. This spacious 5 bedroom, 2 full bath home offers plenty of room for growing family, guests, a home office, or anyone looking for additional living space. The first floor features a comfortable living room, dining room, kitchen with pantry, and a full bathroom. Sliding door off the dining room opens to a rear deck creating a great space for outdoor entertaining and enjoying the level back yard. The second floor offers three bedrooms and a full bathroom while the third floor features two additional heated bedrooms, providing valuable flexibility and privacy. Additional features include a full walk-out basement, three car tandem driveway parking, a rear deck, and a welcoming front porch. The location is a major highlight, with Mount Hood Golf Course less than a mile away and downtown Melrose approximately a half mile from the home putting restaurants, shops, parks, transportation, and everyday conveniences close by. Conveniently located to multiple MBTA bus stops and trains for an easy commute to Boston.
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: 720 sq ft (the lesser of 900 sq ft or half the 1,440 sq ft principal dwelling). Lot size: 4,034 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
Gas Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 13
Flooring - Hardwood
Dining Room
Lvl First13 x 12
Flooring - Hardwood, Slider
Kitchen
Lvl First13 x 12
Flooring - Hardwood, Dining Area, Pantry, Cabinets - Upgraded, Gas Stove
Master Bedroom
Lvl Second14 x 13
Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second12 x 12
Bedroom 3
Lvl Second8 x 10
Flooring - Wall to Wall Carpet
Bedroom 4
Lvl Third13 x 13
Flooring - Wall to Wall Carpet
Bedroom 5
Lvl Third13 x 12
Flooring - Wood
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - With Shower Stall
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower
Listing Agent: Paul C. Coogan
Listing Office: Brad Hutchinson Real Estate
MLS® Number: 73574472
