
4 Groveland Road Melrose — Photo 1 of 38
$1,100,000
Investment Analysis — 4 Groveland Road
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 2.18% cap rate and $23,949/yr in estimated NOI at the $1,100,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,113
Style
Single Family
Built
1966
Welcome to 4 Groveland Road, a charming 3-bedroom, 2.5-bath Colonial tucked into a desirable Melrose neighborhood. A classic white fence, new walkway and welcoming front entry set the tone for this thoughtfully updated home. The welcoming living room is complete with a fireplace, built-in bookshelves, cedar-lined bench storage and a beautifully updated half bath, along with a dedicated laundry room. Upstairs, an oversized kitchen offers plenty of space to gather, complete with granite countertops, gas cooking and easy access through a new slider to the back deck. The home offers a flexible layout with a spacious 1st floor primary bedroom featuring a private bath with heated floors, double vanities, tub and separate shower, plus two additional bedrooms upstairs. Outside, enjoy a fully fenced yard, deck, storage shed and swing set—perfect for relaxing, entertaining and enjoying the seasons. Additional highlights include central AC, recessed lighting, a new electrical panel, full insulation and a new roof in 2024. Ample off street parking spaces complete the package. Commuters will appreciate convenient access to the Orange Line, commuter rail and nearby bus service, while still enjoying the neighborhood feel that makes Melrose such a sought-after place.
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: 900 sq ft (the lesser of 900 sq ft or half the 2,113 sq ft principal dwelling). Lot size: 8,359 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
Water Heater
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Second17 x 13
Flooring - Hardwood, Deck - Exterior, Recessed Lighting, Slider
Kitchen
Lvl Second15 x 11
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances
Family Room
Lvl First17 x 23
Closet, Flooring - Wood, Exterior Access, Recessed Lighting
Master Bedroom
Lvl First14 x 23
Bathroom - Full, Closet, Flooring - Stone/Ceramic Tile, Recessed Lighting
Bedroom 2
Lvl Second13 x 11
Bedroom 3
Lvl Second11 x 13
Closet, Flooring - Hardwood
Bathroom 1
Lvl First7 x 8
Bathroom - Half, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl First12 x 11
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Recessed Lighting
Bathroom 3
Lvl Second7 x 9
Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile
Listing Agent: Beatrice Murphy
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73572737
