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2 Days on market
56 Vinton Street #3 Melrose — Photo 1 of 21

56 Vinton Street #3 Melrose — Photo 1 of 21

$650,000

Investment Analysis — 56 Vinton Street #3

Melrose, MA 02176

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 02176 carries an estimated $2,370/mo in gross rent — about a 2.13% cap rate and $13,814/yr in estimated NOI at the $650,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

1,093

Style

Condominium

Built

1900

Welcome to Bowden House Condominiums offering six unique traditional style units. Unit 3 is a first floor rear unit with its own private entrance and parking space number four only a few steps from the entrance. This unit encompasses the original elegant dining room of the mansion that now serves as the very inviting living room. Very large eat in kitchen in this unit with a smaller pantry with washer/dryer and storage and a very large butler's pantry with abundant storage. A 7 X 8 den or office could also double as guest space in a pinch. All of the units have their assigned parking spaces and the rest of the property is common including the charming summer house. Storage lockers in the basement for each unit. Bowden Park is across the street from Bowden House where the farmer's market takes place and beyond is the Cedar Park train station to Boston plus Garniss's Market across from the park and now a short walk to the very trendy wine bar Table Four.

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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$650,000
Annual Taxes--

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms4
Fireplaces1
FlooringWood, Flooring - Hardwood
BasementY

Climate & Utilities

HeatingHot Water, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofSlate
Foundation--
ZoningRes

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Golf

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenMaster BedroomBathroom 1
Living Room
Lvl First

15 x 16.5

Flooring - Hardwood, Wainscoting, Lighting - Sconce, Lighting - Overhead

Kitchen
Lvl First

13 x 15

Flooring - Hardwood, Dining Area, Pantry, Cabinets - Upgraded, Dryer Hookup - Electric, Stainless Steel Appliances, Washer Hookup

Master Bedroom
Lvl First

12 x 14

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

10 x 6

Bathroom - Full, Bathroom - With Shower Stall

Listing Provided By

Listing Agent: Paul C. Coogan

Listing Office: Brad Hutchinson Real Estate

MLS® Number: 73575250