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66 Sylvan St #66 Melrose — Photo 1 of 24

66 Sylvan St #66 Melrose — Photo 1 of 24

$850,000

Investment Analysis — 66 Sylvan St #66

Melrose, MA 02176 — Wyoming

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 1.95% cap rate and $16,537/yr in estimated NOI at the $850,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

2,045

Style

Condominium

Built

2006

Isn’t it nice to look out your window and see green space, grass, and trees—instead of what your neighbor is cooking in their kitchen? If that perks up your ears, you won’t want to miss this extra-large Melrose townhouse! This home offers three spacious levels of living with the main level featuring a recently renovated kitchen with a pantry, dedicated dining area, full bathroom, and large living room anchored by an oversized picture window overlooking the park. Upstairs, you’ll find three generously sized bedrooms and another beautifully updated full bathroom. The lower level offers a spacious den with a gas fireplace, a laundry room, and a convenient half bathroom—so you don’t have to pause your movie too long! Additional features include central HVAC, in-unit laundry, a private back deck, and two parking spaces. The property has been exceptionally well maintained, with recent improvements including fresh paint, new shutters and much more. Space, updates, parking, and more than 100 acres of Pine Banks Park right outside your door—this is one you won’t want to miss!

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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$850,000
Annual Taxes$8,289
HOA Fee$500

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
Fireplaces1
FlooringWood, Carpet
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningURB

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Washer • Dryer

Neighborhood

Public Transportation • Tennis Court(s) • Park • Walk/Jog Trails • Highway Access • Public School

Geography

Listing Provided By

Listing Agent: Adam Mundt

Listing Office: Kingston Real Estate & Management

MLS® Number: 73577157