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2 Days on market
9 Cottage Street Melrose — Photo 1 of 41

9 Cottage Street Melrose — Photo 1 of 41

$729,900

Investment Analysis — 9 Cottage Street

Melrose, MA 02176 — Russell Park

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 3.19% cap rate and $23,268/yr in estimated NOI at the $729,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,465

Style

Single Family

Built

1920

Welcome to a cherished residence that has been meticulously cared for by the same family for 50+ years! Your experience begins as you enter through an expansive three-season porch, which leads through a set of glass doors into a formal dining room complete with a china cabinet. This space flows seamlessly into a sun drenched kitchen, featuring a breakfast bar, stainless appliances, a microwave, and modern recessed lighting. The inviting living room is anchored by a classic brick fireplace and offers a generous layout perfectly suited for entertaining guests. An office/family room is conveniently located nearby. The second level hosts three well proportioned bedrooms and a full bath. Throughout the home, hardwood floors add a sense of warmth and polished charm. For those seeking additional flex space, the lower level includes a roughly finished, unheated room that would serve as an ideal area for a home gym or a private hobby room. The exterior of the home features a one-car garage and a patio for relaxing. This home's location puts the very best of Melrose right at your doorstep:a short stroll will take you to the Commuter Rail, downtown dining and shopping and the Middlesex Fells Reservation provides hiking, biking and boating at The Spot Pond Boat Club. Stop by and see what makes 9 Cottage Street a special place to call home.

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: 733 sq ft (the lesser of 900 sq ft or half the 1,465 sq ft principal dwelling). Lot size: 4,513 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$729,900
Annual Taxes$7,558

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms7
Fireplaces1
FlooringWood, Tile, Vinyl, Carpet, Flooring - Wall to Wall Carpet
BasementFull, Partially Finished, Interior Entry, Concrete

Climate & Utilities

HeatingSteam, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningURA

Property & Lot

Acres0.1
SqFt Lot4,513
Lot FeaturesLevel

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

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 1
First
Living RoomDining RoomKitchenFamily Room
Living Room
Lvl First

23 x 11

Flooring - Hardwood, Cable Hookup, Exterior Access, Lighting - Overhead

Dining Room
Lvl First

12 x 10

Flooring - Hardwood, Exterior Access, Open Floorplan, Lighting - Overhead

Kitchen
Lvl First

13 x 11

Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Breakfast Bar / Nook, Exterior Access, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Lighting - Overhead

Family Room
Lvl First

13 x 10

Flooring - Wood, Cable Hookup, Lighting - Overhead

Primary Bedroom
Lvl Second

15 x 11

Closet, Flooring - Wood, Lighting - Overhead

Bedroom 2
Lvl Second

14 x 10

Bedroom 3
Lvl Second

11 x 10

Closet, Flooring - Wood

Bathroom 1
Lvl Second

7 x 6

Bathroom - Full, Bathroom - With Tub & Shower, Ceiling Fan(s), Closet - Linen, Flooring - Stone/Ceramic Tile, Lighting - Sconce, Lighting - Overhead

Listing Provided By

Listing Agent: Lisa Howitt

Listing Office: Compass

MLS® Number: 73577532