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3 Days on market
49 Lynde Ave Melrose — Photo 1 of 42

49 Lynde Ave Melrose — Photo 1 of 42

$1,090,000

Investment Analysis — 49 Lynde Ave

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 2.01% cap rate and $21,938/yr in estimated NOI at the $1,090,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

3.5

SqFt

2,000

Style

Single Family

Built

1924

Welcome to a home where 20 years of meticulous customization has created a space that offers modern living, warmth & character. This beautifully updated and maintained Colonial offers a thoughtfully designed floor plan across 3 levels, blending private living spaces with entertaining areas. Step inside the welcoming entry with a large coat closet, leading into a cozy living room complete with a gas fireplace and energy-efficient tinted privacy windows. The heart of the home is the stunning kitchen, boasting Quartzite countertops, soft-close cabinets, stainless steel appliances, an induction cooktop, a Wi-Fi-enabled microwave/oven, a beverage fridge, and peninsula seating. It flows seamlessly into a spacious dining room built for holiday gatherings. Tucked behind a stylish barn door in the large pantry is a convenient 1st floor laundry. Off the kitchen is a second pantry, 1/2 bath, and a sitting room with windows overlooking the superbly landscaped side and back yards. Upstairs, the primary bedroom includes 2 closets and an ensuite bath with a soaking tub, rainfall shower, and radiant floor heat. Two additional bedrooms and a 3/4 bath complete the 2nd floor, while a walk-up attic provides excellent storage. The walk-out basement adds incredible versatility, with two heated rooms—each with built-in shelves, perfect for a home office and a gym. Situated on a rare, nearly double-wide lot, the exterior is a showpiece, conscientiously landscaped with a large patio and colorful perennial plants (sustained by an automatic drip watering system) to complement the terrain. It offers multiple private seating areas where you can entertain friends and family or enjoy your coffee and a good book. The expansive lot also offers 2 separate driveways and a 480-sf shed with built-in shelves. New owners will appreciate the unparalleled attention to detail throughout. From premium, professional-grade fixtures to behind-the-scenes mechanical upgrades—including brand-new wiring, plumbing, a Navien combi-boiler with 8 zones, fully insulated walls, spray foam attic ceiling, central vacuum, and ductless mini-splits—nothing was overlooked in restoring this high-efficiency home. Perfect for commuters, this unbeatable location is just half a mile from the Wyoming Hill train station and 1.2 miles from the Oak Grove Orange Line. Plus, you are less than a mile from the heart of downtown Melrose, packed with vibrant shops, top-tier restaurants, and everyday conveniences

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: 900 sq ft (the lesser of 900 sq ft or half the 2,000 sq ft principal dwelling). Lot size: 9,265 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$1,090,000
Annual Taxes$8,888

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms9
Fireplaces1
FlooringWood, Tile, Carpet, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet, Flooring - Wood
BasementFull, Partially Finished, Walk-Out Access, Interior Entry, Concrete

Climate & Utilities

HeatingRadiant, Natural Gas, Hydronic Floor Heat(Radiant), Ductless
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningURA

Property & Lot

Acres0.21
SqFt Lot9,265
Lot FeaturesGentle Sloping

Amenities & Appliances

Gas Water Heater • Tankless Water Heater • Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator • Washer • Dryer • Wine Refrigerator • Instant Hot Water • Plumbed For Ice Maker

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
Basement
Office
Main,First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl Main,First

12 x 16

Flooring - Wood, Recessed Lighting

Dining Room
Lvl Main,First

13 x 10

Flooring - Wood, Open Floorplan, Lighting - Overhead

Kitchen
Lvl Main,First

13 x 19

Flooring - Wood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove

Office
Lvl Basement

12 x 12

Closet, Flooring - Wall to Wall Carpet, Recessed Lighting

Primary Bedroom
Lvl Second

11 x 13

Bathroom - Full, Closet, Flooring - Wood, Recessed Lighting

Bedroom 2
Lvl Second

11 x 13

Bedroom 3
Lvl Second

11 x 12

Closet, Flooring - Wood, Attic Access, Recessed Lighting

Bathroom 1
Lvl Main,First

3 x 5

Bathroom - Half, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

7 x 7

Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Recessed Lighting

Bathroom 3
Lvl Second

7 x 12

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Recessed Lighting, Soaking Tub

Listing Provided By

Listing Agent: Amber Orton

Listing Office: Lyv Realty

MLS® Number: 73576812