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55 Burrell St Melrose — Photo 1 of 42

55 Burrell St Melrose — Photo 1 of 42

$1,160,000

Investment Analysis — 55 Burrell St

Melrose, MA 02176

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02176 carries an estimated $3,730/mo in gross rent — about a 2.24% cap rate and $25,953/yr in estimated NOI at the $1,160,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

1.5

SqFt

2,103

Style

Single Family

Built

1938

55 Burrell St is the kind of home you notice before you even walk through the door. This Royal Barry Wills English Tudor sits on a corner lot in the Bellevue neighborhood, with a distinctive brick exterior, steep rooflines, mature landscaping, and classic details that give the home a presence all its own. Inside, hardwood floors run through much of the home, while large windows bring in plenty of natural light. The updated kitchen features light gray cabinetry, quartz countertops, stainless steel appliances, a gas range, subway tile backsplash, and plenty of storage and workspace. With 4 bedrooms and 1.5 baths, there’s flexibility for bedrooms, a home office, or whatever works for you. Central air keeps things comfortable throughout the warmer months, while the lower level adds even more usable space, including a second kitchen that gives you additional room for entertaining, prep, and storage. Outside, the fenced backyard feels like an extension of the home with a patio, lawn, established landscaping, and space to gather, grill, garden, or simply enjoy being outside. A 2-car tandem garage provides off-street parking and additional storage. All of this in Melrose, with convenient access to local shops, restaurants, parks, commuter options, and Boston. 55 Burrell St isn’t a cookie-cutter house, and that’s exactly what makes it special.

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 2,103 sq ft principal dwelling). Lot size: 7,701 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$1,160,000
Annual Taxes$8,065

Parking

Garage2
Off-Street4

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Carpet, Laminate, Hardwood
BasementFull, Finished, Walk-Out Access, Interior Entry, Garage Access

Climate & Utilities

HeatingForced Air, Oil
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningSRB

Property & Lot

Acres0.18
SqFt Lot7,701
Lot FeaturesCorner Lot

Amenities & Appliances

Water Heater • Range • Dishwasher • Microwave • Refrigerator • Wine Refrigerator • Stainless Steel Appliance(s)

Neighborhood

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

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 3Bedroom 4
Second
Master BedroomBedroom 2Bathroom 1
Basement
Family RoomBathroom 2
Main,First
Living RoomDining RoomKitchen
Living Room
Lvl Main,First

21 x 12

Flooring - Hardwood, Window(s) - Picture, Exterior Access, Open Floorplan, Remodeled

Dining Room
Lvl Main,First

14 x 9

Flooring - Hardwood, French Doors, Exterior Access, Open Floorplan, Remodeled, Lighting - Sconce

Kitchen
Lvl Main,First

16 x 11

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Cabinets - Upgraded, Exterior Access, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove

Family Room
Lvl Basement

24 x 19

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

Master Bedroom
Lvl Second

13 x 13

Closet, Flooring - Hardwood, Lighting - Sconce

Bedroom 2
Lvl Second

13 x 10

Bedroom 3
Lvl Third

18 x 9

Closet, Flooring - Hardwood, Lighting - Sconce

Bedroom 4
Lvl Third

13 x 10

Closet, Flooring - Hardwood, Lighting - Sconce

Bathroom 1
Lvl Second

9 x 8

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Basement

9 x 7

Bathroom - Half, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Laura Cohron

Listing Office: Fiv Realty Co.

MLS® Number: 73575124