6 Geneva Rd Melrose — Photo 1 of 20
$1,299,000
Investment Analysis — 6 Geneva Rd
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 1.82% cap rate and $23,665/yr in estimated NOI at the $1,299,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
2,630
Style
Single Family
Built
1929
Gorgeous center entrance Colonial in an A+ location. Situated on a corner lot, this sun-filled home offers four bedrooms, beautiful hardwood floors, a wood-burning fireplace, radiant bathroom floor, a lovely sunroom, and a bonus mudroom. The refreshed kitchen provides a bright and cheerful spot for morning coffee, while the gracious dining room features a built-in china cabinet and custom moldings. Mini-splits provide efficient air conditioning throughout the home. Outside, enjoy a private patio, lovely yard space with mature shrubs and plantings, two paved driveways, and a garage. The home currently offers 1.5 baths, with several possibilities for more full bathrooms. The basement provides storage as well as additional expansion potential. Just minutes from parks, an elementary school, public transportation, and vibrant downtown Melrose, this special home combines timeless character and modern comfort.
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 2,630 sq ft principal dwelling). Lot size: 6,856 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.
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Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator • Freezer • Washer • Dryer
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Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
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Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl ThirdMaster Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBedroom 4
Lvl ThirdListing Agent: Lesley Smith
Listing Office: Barrett Sotheby's International Realty
MLS® Number: 73572841
