
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl Main,First20 x 13
Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Picture, Open Floorplan, Crown Molding
Dining Room
Lvl Main,First12 x 9
Flooring - Hardwood, Window(s) - Bay/Bow/Box, French Doors, Open Floorplan, Lighting - Overhead, Crown Molding
Kitchen
Lvl Main,First14 x 12
Flooring - Vinyl, Pantry, Cabinets - Upgraded, Chair Rail, Exterior Access, Recessed Lighting, Remodeled, Lighting - Overhead
Family Room
Lvl Main,First27 x 11
Ceiling Fan(s), Flooring - Wood, Window(s) - Picture, Open Floorplan, Lighting - Overhead
Master Bedroom
Lvl Second17 x 11
Bathroom - 3/4, Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead
Bedroom 2
Lvl Second15 x 11
Bedroom 3
Lvl Second11 x 11
Ceiling Fan(s), Closet, Flooring - Hardwood
Bathroom 1
Lvl First10 x 3
Bathroom - Half, Flooring - Stone/Ceramic Tile, Lighting - Overhead
Bathroom 2
Lvl Second6 x 6
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Pedestal Sink
Bathroom 3
Lvl Second6 x 6
Bathroom - 3/4, Bathroom - With Shower Stall
Listing Agent: Patricia Fitzgerald
Listing Office: Brad Hutchinson Real Estate
MLS® Number: 73566171
