7 Short Street #1 Melrose — Photo 1 of 34
$645,000
Investment Analysis — 7 Short Street #1
Melrose, MA 02176 — Fells
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 3.84% cap rate and $24,768/yr in estimated NOI at the $645,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,233
Style
Condominium
Built
1900
Charming, Philadelphia style 3-bedroom condo close to Melrose center and public transportation. A traditional, open floor plan featuring beautiful original woodwork, hardwood floors, pocket door, bench seats, kitchen pantry and more. Updated systems: heat, hot water, mini split air conditioning and electric. Two-car deeded parking and much more. A great condo in a great location! Come make this your new home!
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 MLS and other third-party data may be inaccurate or out of date.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 • Refrigerator • Washer • Dryer • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, French Doors
Dining Room
Lvl Main,FirstFlooring - Hardwood, Lighting - Overhead, Archway
Kitchen
Lvl MainFlooring - Laminate, Countertops - Stone/Granite/Solid, Kitchen Island, Exterior Access, Gas Stove
Master Bedroom
Lvl Main,FirstCloset, Flooring - Hardwood, Lighting - Overhead
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom 1
Lvl FirstListing Agent: Gayle Estrella
Listing Office: Coldwell Banker Realty - Beverly
MLS® Number: 73566358
