Active
2 Days on market
219 Laurel Street Melrose — Photo 1 of 38

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.

View Standard Listing

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.

Open Houses

Property Details

Financials

Original Price$775,000
Annual Taxes$8,991

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Carpet, Hardwood, Flooring - Hardwood
BasementFull, Walk-Out Access, Interior Entry, Concrete

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningURA

Property & Lot

Acres0.19
SqFt Lot8,102
Lot Features--

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

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

16 x 12

Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Exterior Access

Dining Room
Lvl First

12 x 12

Flooring - Hardwood, Open Floorplan, Lighting - Overhead

Kitchen
Lvl First

12 x 11

Dining Area, Breakfast Bar / Nook, Exterior Access, Open Floorplan, Recessed Lighting, Breezeway

Family Room
Lvl First

11 x 8

Flooring - Wall to Wall Carpet, French Doors, Cable Hookup, Lighting - Overhead

Primary Bedroom
Lvl Second

13 x 12

Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl Second

14 x 9

Bedroom 3
Lvl Second

12 x 9

Closet, Flooring - Hardwood, Attic Access, Lighting - Overhead

Bathroom 1
Lvl First

6 x 4

Bathroom - Half, Lighting - Overhead

Bathroom 2
Lvl Second

8 x 5

Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Remodeled, Lighting - Sconce, Lighting - Overhead

Listing Provided By

Listing Agent: Lisa Howitt

Listing Office: Compass

MLS® Number: 73580998