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2 Days on market
37 Lynde Ave Melrose — Photo 1 of 27

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.

View Standard Listing

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.

Open Houses

Property Details

Financials

Original Price$779,000
Annual Taxes$8,636.52

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms5
FireplacesNone
FlooringTile, Hardwood, Flooring - Stone/Ceramic Tile
BasementFull, Interior Entry, Unfinished

Climate & Utilities

HeatingCentral, Forced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningURA

Property & Lot

Acres0.11
SqFt Lot5,001
Lot Features--

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

First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bathroom 1
Living Room
Lvl First

14 x 12

Flooring - Hardwood, Recessed Lighting

Dining Room
Lvl First

14 x 12

Flooring - Hardwood, Recessed Lighting

Kitchen
Lvl First

15 x 12

Flooring - Hardwood, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Exterior Access, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Lighting - Pendant

Master Bedroom
Lvl First

14 x 11

Ceiling Fan(s), Closet, Flooring - Hardwood

Bedroom 2
Lvl First

13 x 10

Bathroom 1
Lvl First

10 x 8

Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Cabinets - Upgraded, Recessed Lighting

Listing Provided By

Listing Agent: Sarah Reddick Shimoff

Listing Office: Compass

MLS® Number: 73575641