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83 Beacon Street Melrose — Photo 1 of 42

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.

View Standard Listing

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.

Open Houses

Property Details

Financials

Original Price$669,900
Annual Taxes$7,037

Parking

Garage1
Off-Street6

Interior Specifications

Total Rooms5
FireplacesNone
FlooringWood, Tile, Flooring - Hardwood
BasementFull, Partially Finished, Interior Entry, Concrete

Climate & Utilities

HeatingBaseboard, Electric Baseboard, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningSRA

Property & Lot

Acres0.24
SqFt Lot10,533
Lot Features--

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

First
Living RoomKitchenPrimary BedroomBedroom 2Bathroom 1
Basement
Family Room
Living Room
Lvl First

16 x 11

Wood / Coal / Pellet Stove, Flooring - Wood, Cable Hookup, Exterior Access, Open Floorplan

Kitchen
Lvl First

18 x 13

Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Upgraded, Exterior Access, Stainless Steel Appliances, Gas Stove, Lighting - Overhead

Family Room
Lvl Basement

13 x 10

Flooring - Stone/Ceramic Tile, Exterior Access, Lighting - Overhead

Primary Bedroom
Lvl First

12 x 11

Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl First

12 x 11

Bathroom 1
Lvl First

8 x 7

Bathroom - 3/4, Bathroom - With Shower Stall, Closet, Flooring - Vinyl, Enclosed Shower - Fiberglass, Lighting - Overhead

Listing Provided By

Listing Agent: Lisa Howitt

Listing Office: Compass

MLS® Number: 73577638