646 Lynn Fells Pkwy Melrose — Photo 1 of 36
Recent Drop: $85,001
$799,999
Investment Analysis — 646 Lynn Fells Pkwy
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 3.32% cap rate and $26,529/yr in estimated NOI at the $799,999 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,142
Style
Single Family
Built
1973
Have you dreamed of finding a GREAT home in a GREAT town at a GREAT price? YOUR DREAM HAS COME TRUE! Now priced under market for immediate sale, this is a once in a lifetime opportunity to secure your future in desirable Melrose. Move-in ready and INCREDIBLY FLEXIBLE, this home offers a range of possibilities to suit your lifestyle. Do you need a finished basement family room or extra entertaining space? Are you looking for easy multigenerational living, a teen suite, or an in-law apartment? Do you want rental income from a potential ADU? All are possible here! (Subject to buyer's due diligence.) The finished lower level has a separate walk out entrance requiring NO STAIRS from the driveway. Other outstanding features include a full bath on each level, brand new AC, a fully fenced yard, and a dream location near commuter rail, bus and Orange Line; close to the Fells; and very near all schools and the Early Childhood Center. Act now! Offers due Tuesday 9/15 at 5pm.
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 2,142 sq ft principal dwelling). Lot size: 6,247 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Stainless Steel Appliance(s)
Neighborhood
Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 23
Wood / Coal / Pellet Stove, Flooring - Hardwood, Recessed Lighting
Dining Room
Lvl First15 x 12
Flooring - Hardwood, Open Floorplan, Recessed Lighting, Lighting - Overhead
Kitchen
Lvl First13 x 12
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Deck - Exterior, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant
Family Room
Lvl Basement17 x 11
Flooring - Hardwood, Open Floorplan, Recessed Lighting
Primary Bedroom
Lvl Second13 x 19
Closet, Flooring - Laminate
Bedroom 2
Lvl Second13 x 9
Bedroom 3
Lvl Second12 x 10
Closet, Flooring - Laminate
Bedroom 4
Lvl Basement17 x 11
Closet, Flooring - Hardwood
Bathroom 1
Lvl Main,First10 x 8
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup, Lighting - Sconce
Bathroom 2
Lvl Second10 x 5
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Lighting - Sconce, Pedestal Sink
Bathroom 3
Lvl Basement11 x 11
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup, Lighting - Sconce
Property History
$799,999
Was $850,000
Sep 10, 2026
MLS® 73514433
$850,000
Was $875,000
Jun 18, 2026
MLS® 73514433
$875,000
Was $885,000
May 28, 2026
MLS® 73514433
$885,000
May 7, 2026
MLS® 73514433
Listing Agent: Katherine Meisenheimer
Listing Office: LAER Realty Partners
MLS® Number: 73514433
