340 Main St #606 Melrose — Photo 1 of 13
$239,900
Investment Analysis — 340 Main St #606
Melrose, MA 02176
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 02176 carries an estimated $2,260/mo in gross rent — about a 6.73% cap rate and $16,145/yr in estimated NOI at the $239,900 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
1
SqFt
290
Style
Condominium
Built
1970
Welcome to 340 Main Street, Unit 606 — a stylishly renovated studio in the heart of Melrose offering an ideal opportunity for a first-time buyer, commuter, or anyone looking for a studio apartment in close proximity to Boston. Thoughtfully updated with a clean, modern feel, this unit makes smart use of space while offering direct access to the adjacent common balcony area — a rare bonus that adds an open, airy feel right outside your door. Located just steps from vibrant downtown Melrose with its restaurants, shops, cafes, and local charm, plus easy access to the commuter rail, public transportation, and Boston, this is simple living in one of the area’s most convenient locations.
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 MLS and other third-party data may be inaccurate or out of date.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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Golf • Medical Facility • Laundromat
Geography
Listing Agent: The Ternullo Real Estate Team
Listing Office: Leading Edge Real Estate
MLS® Number: 73524877
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