
143 Myrtle Street Melrose — Photo 1 of 27
$879,900
Investment Analysis — 143 Myrtle Street
Melrose, MA 02176
Based on rent reported on the MLS listing, a 2-unit multi-family in 02176 carries $4,600/mo in gross rent — about a 3.78% cap rate and $33,289/yr in estimated NOI at the $879,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,811
Style
Multi Family
Built
1860
Positioned just moments from downtown Melrose, this well-maintained two-family offers a rare opportunity to own in one of the city's most sought-after and convenient locations. From coffee shops and restaurants to local boutiques, the library, parks, commuter rail, and seasonal farmers market, everything that makes Melrose such a desirable place to live is right outside your door. With a NEW ROOF and the first-floor unit now VACANT, the property offers added flexibility for an owner-occupant or investor. Both units feature updated kitchens with stone countertops, generous living spaces, and wood floors throughout much of each unit. The second-floor unit is currently occupied by a tenant-at-will. A shared outdoor patio creates additional space to relax or gather, while four off-street parking spaces provide a valuable convenience rarely found this close to downtown. Whether you're looking to move right in while generating rental income or add to your investment portfolio, this property combines location, flexibility, and opportunity in the heart of Melrose.
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 MLS and other third-party data may be inaccurate or out of date.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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator • Microwave
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Property History
$879,900
Sep 23, 2026
MLS® 73581327
$879,900
Jul 31, 2026
MLS® 73537449
$879,900
Jun 17, 2026
MLS® 73537449
Listing Agent: Kim Izzi
Listing Office: Leading Edge Real Estate
MLS® Number: 73581327
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