525 Lynn Fells Parkway Melrose — Photo 1 of 30
$975,000
Investment Analysis — 525 Lynn Fells Parkway
Melrose, MA 02176
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02176 carries an estimated $3,730/mo in gross rent — about a 2.53% cap rate and $24,633/yr in estimated NOI at the $975,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
2,356
Style
Single Family
Built
1900
Stately nine room four bedroom hip roof colonial with easy access to all points. First floor rooms feature exquisite natural gumwood woodwork as to the fireplace surround, crown moldings and built in book shelves. This home was once a doctor's at home office so in addition to the first floor living room, diining room and kitchen there was a waiting room and the doctor's office. Those rooms now function as den and family room but could also could be fifth first floor bedroom or a small first floor in-law offering a bedroom, sitting room and it's own private bathroom. There is walk-up to a very large attic for abundant storage or possible future additional living space. The lot with this home is very large at 8,995 square feet which provides a very nice enclosed fenced-in rear yard.
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 2,356 sq ft principal dwelling). Lot size: 8,995 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 • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 19
Flooring - Hardwood, Exterior Access, Crown Molding
Dining Room
Lvl First14 x 10
Closet/Cabinets - Custom Built, Flooring - Hardwood
Kitchen
Lvl First10 x 11
Family Room
Lvl First13 x 15
Flooring - Hardwood, Flooring - Vinyl
Primary Bedroom
Lvl Second14 x 16
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second14 x 10
Bedroom 3
Lvl Second13 x 13
Closet, Flooring - Hardwood
Bedroom 4
Lvl Second13 x 14
Closet, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Vinyl
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower
Listing Agent: Paul C. Coogan
Listing Office: Brad Hutchinson Real Estate
MLS® Number: 73577263