
83 Beacon Street Melrose — Photo 1 of 42
$669,900
Investment Analysis — 83 Beacon Street
Melrose, MA 02176 — East Side
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02176 carries an estimated $2,820/mo in gross rent — about a 2.79% cap rate and $18,681/yr in estimated NOI at the $669,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,646
Style
Single Family
Built
1900
A right-size home in a desirable, tree-lined Melrose neighborhood can feel like finding a unicorn! Whether you're looking to downsize to easy, one level living or you're a first time buyer searching for that special place to call your own, this charming Bungalow is just what you have been waiting for. You'll love the convenience of one-floor living, plus the option to expand your living space in the heated, semi-finished lower level, which is already plumbed for a half bath. Imagine curling up with a favorite book on the expansive front porch or hosting fun lawn games in the large yard. Inside, the eat-in kitchen comes equipped with a gas stove, stainless appliances, and tile flooring. The living room is large and open and can easily accommodate a dining area for more formal entertaining. Two right-size bedrooms and a bath with walk-in shower complete the interior. A detached one-car garage provides a safe, dry space for your car and extra storage. You can stay cool in the summer with the central air conditioning, while the Generac generator offers total peace of mind when winter storms roll in. This sweet home will not last long so schedule a viewing soon.
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: 823 sq ft (the lesser of 900 sq ft or half the 1,646 sq ft principal dwelling). Lot size: 10,533 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 • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16 x 11
Wood / Coal / Pellet Stove, Flooring - Wood, Cable Hookup, Exterior Access, Open Floorplan
Kitchen
Lvl First18 x 13
Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Upgraded, Exterior Access, Stainless Steel Appliances, Gas Stove, Lighting - Overhead
Family Room
Lvl Basement13 x 10
Flooring - Stone/Ceramic Tile, Exterior Access, Lighting - Overhead
Primary Bedroom
Lvl First12 x 11
Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead
Bedroom 2
Lvl First12 x 11
Bathroom 1
Lvl First8 x 7
Bathroom - 3/4, Bathroom - With Shower Stall, Closet, Flooring - Vinyl, Enclosed Shower - Fiberglass, Lighting - Overhead
Listing Agent: Lisa Howitt
Listing Office: Compass
MLS® Number: 73577638