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47 Sanford St Melrose — Photo 1 of 40

47 Sanford St Melrose — Photo 1 of 40

$875,000

Investment Analysis — 47 Sanford St

Melrose, MA 02176

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 2.49% cap rate and $21,775/yr in estimated NOI at the $875,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,534

Style

Single Family

Built

1900

Welcome to 47 Sanford Street, where inviting living spaces, a flexible floor plan, and exceptional bonus space come together. Step inside to warm hardwood floors and a bright, sun-filled living room that flows naturally into the dining area and kitchen, creating an easy layout for everyday living and entertaining. The kitchen features ample cabinetry, stainless steel appliances, and a center island with seating—perfect for casual meals, meal prep, or gathering with friends. Upstairs, you'll find three comfortable bedrooms, including a spacious primary, along with two full baths and flexibility for guest space or a home office. Outside, enjoy morning coffee on the welcoming front porch, summer dinners on the composite deck, and a fenced backyard with room for entertaining, gardening, pets, or play. A standout feature is the separate heated and cooled accessory building, currently used as a home gym and offering excellent flexibility as an office, studio, hobby space, or private retreat. The full basement provides additional room for storage, projects, or recreation. Five parking spaces add convenience, while nearby public transportation, parks, trails, shopping, and everyday amenities make the location equally appealing. A versatile home with spaces designed to adapt to the way you live.

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: 767 sq ft (the lesser of 900 sq ft or half the 1,534 sq ft principal dwelling). Lot size: 3,463 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.

Property Details

Financials

Original Price--
Annual Taxes$9,051

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms6
FireplacesNone
Flooring--
BasementFull, Sump Pump, Unfinished

Climate & Utilities

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

Building & Exterior

Construction--
RoofShingle
FoundationStone
ZoningURA

Property & Lot

Acres0.08
SqFt Lot3,463
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Disposal • 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 RoomKitchenBathroom 1
Living Room
Lvl First

13 x 15

Flooring - Hardwood

Dining Room
Lvl First

13 x 12

Flooring - Hardwood

Kitchen
Lvl First

12 x 18

Flooring - Hardwood

Primary Bedroom
Lvl Second

13 x 13

Flooring - Hardwood

Bedroom 2
Lvl Second

12 x 14

Bedroom 3
Lvl Second

10 x 9

Flooring - Hardwood

Bathroom 1
Lvl First

5 x 6

Bathroom - Full, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

8 x 10

Bathroom - Full, Flooring - Stone/Ceramic Tile

Property History

Sold
$370,000

Feb 12, 2010

MLS® 71010305

Listed
$385,900

Dec 14, 2009

MLS® 71010305

Listing Provided By

Listing Agent: Jon Growitz

Listing Office: Realty One Group Nest

MLS® Number: 73582506