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4 Days on market
134 Washington St Melrose — Photo 1 of 36

134 Washington St Melrose — Photo 1 of 36

$739,000

Investment Analysis — 134 Washington St

Melrose, MA 02176

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 3.08% cap rate and $22,774/yr in estimated NOI at the $739,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

974

Style

Single Family

Built

1950

Stop scrolling, don't let 974 square feet fool you. Single-level living done right. This isn't a compromise—it's a masterclass in living smart. This small but mighty ranch defies its footprint with three bedrooms, two full baths, and zero wasted space. A 2023 renovation that touches every inch. Quartz countertops, stainless steel appliances, a kitchen built for real cooking and engineered for maximum counter space and storage. The primary bedroom rivals homes twice its size with an en-suite bath and walk-in closet. Open floor plan, wood floors throughout, HERS rated, updated HVAC including central air and a new sewer line are just a few of the major improvements. Private, flat backyard ready for entertaining. Dedicated parking. Storage shed. Move-in ready. But here's the real magic: location. Less than half a mile to the Oak Grove T stop means Boston is yours whenever you want it. Yet you're steps from the Fells Reservation—trails, greenery, peace, and quiet escape whenever you need it. Downtown Melrose's vibrant shops and restaurants are right there too. Urban access meets suburban serenity in one rare package. All the heavy lifting is done. Every system is new. Every surface is upgraded. Nothing to fix, nothing to worry about for years. Spend your weekends living in this A+ location, not laboring on home projects. This home lets you actually enjoy life instead of maintaining it. No open houses, schedule your private showing before this one disappears. Offers due Tuesday, September 22nd at 12:00 PM.

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: 487 sq ft (the lesser of 900 sq ft or half the 974 sq ft principal dwelling). Lot size: 11,117 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.

Property Details

Financials

Original Price$739,000
Annual Taxes$8,052

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms5
FireplacesNone
FlooringWood, Tile
BasementNone

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationBlock
ZoningURA

Property & Lot

Acres0.26
SqFt Lot11,117
Lot FeaturesEasements

Amenities & Appliances

Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Medical Facility • Public School • T-Station

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
Living Room
Lvl First

12 x 17

Flooring - Wood, Window(s) - Bay/Bow/Box

Kitchen
Lvl First

13 x 17

Flooring - Wood, Countertops - Stone/Granite/Solid, Stainless Steel Appliances, Peninsula

Primary Bedroom
Lvl First

11 x 11

Bathroom - Full, Walk-In Closet(s), Flooring - Wood

Bedroom 2
Lvl First

11 x 14

Bedroom 3
Lvl First

10 x 11

Flooring - Wood

Bathroom 1
Lvl First

5 x 10

Bathroom - Full

Bathroom 2
Lvl First

5 x 8

Bathroom - Full

Listing Provided By

Listing Agent: Kate Cote

Listing Office: Leading Edge Real Estate

MLS® Number: 73578630