
37 Lynde Ave Melrose — Photo 1 of 27
$779,000
Investment Analysis — 37 Lynde Ave
Melrose, MA 02176
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02176 carries an estimated $2,820/mo in gross rent — about a 2.19% cap rate and $17,081/yr in estimated NOI at the $779,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,109
Style
Single Family
Built
1926
The one you’ve been waiting for: beautifully renovated, thoughtfully improved, and designed for effortless single-level living. This turnkey home offers the rare convenience of having everything you need on one floor—living and dining spaces, bedrooms, a full bath with walk-in shower, and laundry—all without sacrificing valuable bonus space below. At the heart of the home, a bright quartz kitchen with center island, lots of windows, stainless steel appliances and gas cooking makes everyday meals and entertaining fun and easy. The thoughtfully designed bathroom features a walk-in shower and heated floor. Extensive improvements completed by previous owners include gas heat, central AC, tankless hot water, updated electrical, plumbing, insulation, and more. Adding to the home’s efficiency, the seller installed a 6.4 kW owned solar energy system in 2022, producing approximately 7,600 kWh annually based on the last three full years of actual production. An enormous full basement with tall ceilings, exceptional storage, and a dedicated work area offers tremendous flexibility and future potential. The renovated, heated garage is currently enjoyed as additional hobby/flex space and may also accommodate a small car. Outside, living extends to a beautiful stone paver patio with built-in fire pit—an inviting setting for morning coffee, dinner outdoors, and crisp fall evenings. The fully fenced yard offers room for gardening, pets, play, and entertaining. Ideally situated between Middlesex Fells Reservation with lakes, trails and bike paths, and Main Street, with Whole Foods, Wyoming Hill Station, shops, restaurants, and everyday conveniences just minutes from home. Move right in and enjoy a home that has already had the big work done—with easy living on one level, surprising bonus and storage space, outdoor living, and an exceptionally convenient location. Settle in before the holidays, and welcome home.
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: 555 sq ft (the lesser of 900 sq ft or half the 1,109 sq ft principal dwelling). Lot size: 5,001 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
Tankless Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 12
Flooring - Hardwood, Recessed Lighting
Dining Room
Lvl First14 x 12
Flooring - Hardwood, Recessed Lighting
Kitchen
Lvl First15 x 12
Flooring - Hardwood, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Exterior Access, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Lighting - Pendant
Master Bedroom
Lvl First14 x 11
Ceiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl First13 x 10
Bathroom 1
Lvl First10 x 8
Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Cabinets - Upgraded, Recessed Lighting
Listing Agent: Sarah Reddick Shimoff
Listing Office: Compass
MLS® Number: 73575641
