Active Under Contract
23 Days on market
50 Conrad Road Melrose — Photo 1 of 39

50 Conrad Road Melrose — Photo 1 of 39

$995,000

Investment Analysis — 50 Conrad Road

Melrose, MA 02176 — Horace Mann Neighborhood

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 2.14% cap rate and $21,305/yr in estimated NOI at the $995,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

2,162

Style

Single Family

Built

1956

Welcome to Horace Mann, one of Melrose’s most cherished neighborhoods, where tree-lined streets, friendly neighbors, and children playing outdoors create the timeless charm of a true “story book” community. Lovingly cared for by the same family for many years, this sun-filled, multi-level home offers a wonderful blend of comfort and space in one of the city’s most sought-after locations. Step inside to an inviting open-concept main level, where the living room flows seamlessly into the dining room—perfect for everyday living and effortless entertaining. A classic fireplace serves as the focal point of the living room, while French doors lead to an expansive family room filled with natural light and peaceful views of the private backyard. The updated kitchen provides modern convenience and a welcoming space for cooking and gathering. With three bedrooms, 2.5 baths, this home offers generous space for family and guests. The finished lower level, currently used as a family/game room, provides additional flexibility for relaxing, entertaining, or creating a space tailored to your lifestyle. From the lower level, step into the screened-in porch—an ideal spot to enjoy summer evenings overlooking your own private backyard oasis. Outside, a built-in swimming pool creates a resort-like setting for warm-weather fun, weekend gatherings, or simply unwinding at the end of the day. The beautifully private yard offers plenty of room to play, garden, and relax. An abundance of windows fills the home with natural light, creating a bright and welcoming atmosphere throughout. An attached two-car garage adds everyday convenience and valuable storage. Whether you’re hosting holidays, gathering around the fireplace for cozy family nights or watching neighborhood children ride bikes and play outside, this home offers the lifestyle so many buyers hope to find. With solid bones, an updated kitchen, flexible living spaces, and an exceptional Horace Mann location, this is a rare opportunity to make a well-loved home your own and enjoy all that this special Melrose neighborhood has to offer.

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 2,162 sq ft principal dwelling). Lot size: 7,466 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.

Immersive Experience

Property Details

Financials

Original Price$995,000
Annual Taxes$9,521

Parking

Garage2
Off-Street4

Interior Specifications

Total Rooms8
Fireplaces2
FlooringHardwood, Flooring - Stone/Ceramic Tile
BasementFinished, Walk-Out Access, Interior Entry, Garage Access

Climate & Utilities

HeatingCentral, Baseboard, Natural Gas, Fireplace
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningURA

Property & Lot

Acres0.17
SqFt Lot7,466
Lot FeaturesEasements

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
First
Bathroom 1
Main,First
Living RoomDining RoomKitchenFamily Room
Living Room
Lvl Main,First

20 x 13

Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Picture, Open Floorplan, Crown Molding

Dining Room
Lvl Main,First

12 x 9

Flooring - Hardwood, Window(s) - Bay/Bow/Box, French Doors, Open Floorplan, Lighting - Overhead, Crown Molding

Kitchen
Lvl Main,First

14 x 12

Flooring - Vinyl, Pantry, Cabinets - Upgraded, Chair Rail, Exterior Access, Recessed Lighting, Remodeled, Lighting - Overhead

Family Room
Lvl Main,First

27 x 11

Ceiling Fan(s), Flooring - Wood, Window(s) - Picture, Open Floorplan, Lighting - Overhead

Master Bedroom
Lvl Second

17 x 11

Bathroom - 3/4, Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl Second

15 x 11

Bedroom 3
Lvl Second

11 x 11

Ceiling Fan(s), Closet, Flooring - Hardwood

Bathroom 1
Lvl First

10 x 3

Bathroom - Half, Flooring - Stone/Ceramic Tile, Lighting - Overhead

Bathroom 2
Lvl Second

6 x 6

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Pedestal Sink

Bathroom 3
Lvl Second

6 x 6

Bathroom - 3/4, Bathroom - With Shower Stall

Listing Provided By

Listing Agent: Patricia Fitzgerald

Listing Office: Brad Hutchinson Real Estate

MLS® Number: 73566171