408 Swains Pond Avenue Melrose — Photo 1 of 30
Recent Drop: $20,000
$774,900
Investment Analysis — 408 Swains Pond Avenue
Melrose, MA 02176 — Mount Hood
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 3.14% cap rate and $24,348/yr in estimated NOI at the $774,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,958
Style
Single Family
Built
1959
Motivated seller- Welcome home to this beautifully renovated three bedroom Ranch The one car garage is easy access from inside the home. This tree lined yard offers peaceful enjoyment and is on a CORNER lot in desirable MOUNT HOOD area. Meticulously maintained one owner home offers the perfect blend of comfort and convenience matching modern updates with classic charm. From the Large spacious sun drenched living room/dining room combo with beautiful hardwood flooring to the fully applianced kitchen with breakfast bar, three bedrooms with large closets, hardwood floor, replacement windows and 1.5 baths and NEW 200 amp electric service. The heated finished basement offers large Bonus room with dry bar, and 13x17 office or spare room perfect for entertaining along with a spacious laundry room. Beautiful knotty pine sunroom overlooks the spacious backyard and is on a corner lot. Convenient to Hospital, shopping, commuter rail, lake, transportation, schools, and golf course. This home is ready and waiting for its next owner to move right in and enjoy.
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 1,958 sq ft principal dwelling). Lot size: 8,237 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Tankless Water Heater • Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Golf • Medical Facility • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 24
Flooring - Hardwood, Open Floorplan, Recessed Lighting
Dining Room
Lvl First8 x 14
Flooring - Hardwood, Open Floorplan, Recessed Lighting, Slider, Lighting - Pendant
Kitchen
Lvl First12 x 9
Flooring - Laminate
Office
Lvl Basement13 x 17
Flooring - Vinyl, Exterior Access
Master Bedroom
Lvl First14 x 10
Flooring - Hardwood, Closet - Double
Bedroom 2
Lvl First12 x 9
Bedroom 3
Lvl First12 x 9
Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full
Bathroom 2
Lvl BasementBathroom - Half
Property History
$774,900
Was $784,900
Aug 20, 2026
MLS® 73541449
$784,900
Was $794,900
Jul 23, 2026
MLS® 73541449
$794,900
Jun 25, 2026
MLS® 73541449
Listing Agent: Karen West
Listing Office: West Real Estate
MLS® Number: 73541449
