
219 Laurel Street Melrose — Photo 1 of 38
$775,000
Investment Analysis — 219 Laurel Street
Melrose, MA 02176 — East Side
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 2.82% cap rate and $21,835/yr in estimated NOI at the $775,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,407
Style
Single Family
Built
1954
Location is key, and this Classic Colonial-style home is nestled in the heart of a sought-after East Side neighborhood, between the Melrose Common and Mount Hood and providing convenient access to the bus which will take you to the Commuter Rail or the Oak Grove T Station and access to Route One is just up the street. The first floor boasts a front to back living room anchored by a fireplace and the bay window allows the natural light to fill the room. The kitchen features a breakfast bar, ample cabinet space and flows directly into the dining room. Adjacent to the dining room is a sunlit playroom/office with pretty bifold glass doors and great views of the rear yard. The second floor includes three right-size bedrooms, an updated full bath with a granite-topped vanity, pretty tiled shower and tub and tiled floor. There is a spacious walk-up attic offering excellent storage or potential for additional living space. A full basement with a hobby room, laundry and access to a mud room which leads to the rear yard. Enjoy direct access via a breezeway to the attached garage, a true convenience in rainy or snowy weather!
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: 704 sq ft (the lesser of 900 sq ft or half the 1,407 sq ft principal dwelling). Lot size: 8,102 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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16 x 12
Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Exterior Access
Dining Room
Lvl First12 x 12
Flooring - Hardwood, Open Floorplan, Lighting - Overhead
Kitchen
Lvl First12 x 11
Dining Area, Breakfast Bar / Nook, Exterior Access, Open Floorplan, Recessed Lighting, Breezeway
Family Room
Lvl First11 x 8
Flooring - Wall to Wall Carpet, French Doors, Cable Hookup, Lighting - Overhead
Primary Bedroom
Lvl Second13 x 12
Closet, Flooring - Hardwood, Lighting - Overhead
Bedroom 2
Lvl Second14 x 9
Bedroom 3
Lvl Second12 x 9
Closet, Flooring - Hardwood, Attic Access, Lighting - Overhead
Bathroom 1
Lvl First6 x 4
Bathroom - Half, Lighting - Overhead
Bathroom 2
Lvl Second8 x 5
Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Remodeled, Lighting - Sconce, Lighting - Overhead
Listing Agent: Lisa Howitt
Listing Office: Compass
MLS® Number: 73580998
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