
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Medical Facility • Public School • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12 x 17
Flooring - Wood, Window(s) - Bay/Bow/Box
Kitchen
Lvl First13 x 17
Flooring - Wood, Countertops - Stone/Granite/Solid, Stainless Steel Appliances, Peninsula
Primary Bedroom
Lvl First11 x 11
Bathroom - Full, Walk-In Closet(s), Flooring - Wood
Bedroom 2
Lvl First11 x 14
Bedroom 3
Lvl First10 x 11
Flooring - Wood
Bathroom 1
Lvl First5 x 10
Bathroom - Full
Bathroom 2
Lvl First5 x 8
Bathroom - Full
Listing Agent: Kate Cote
Listing Office: Leading Edge Real Estate
MLS® Number: 73578630

