Active
3 Days on market
144 Porter Street Melrose — Photo 1 of 40

144 Porter Street Melrose — Photo 1 of 40

$1,599,900

Investment Analysis — 144 Porter Street

Melrose, MA 02176

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02176 carries an estimated $3,730/mo in gross rent — about a 1.23% cap rate and $19,718/yr in estimated NOI at the $1,599,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

4,293

Style

Single Family

Built

1939

Timeless character and classic elegance come together in this beautiful 4-bedroom, 2.5-bath brick Colonial, offering a wonderful blend of traditional details and comfortable living spaces. Inside, you’ll find a warm and inviting floor plan highlighted by an impressive three fireplaces and two built-in china cabinets, adding distinctive architectural charm. The kitchen features granite countertops and flows into the home’s spacious living areas, including a welcoming family room perfect for relaxing or entertaining. Upstairs, the primary bedroom offers its own private bath and walk-in closet, creating a comfortable retreat. Three additional bedrooms provide plenty of flexibility for family, guests, or a home office. The lower level extends the living space with a bonus recreation room, ideal for a media room, game room, home gym, or additional gathering space. A one-car garage adds everyday convenience. Ideally situated close to downtown shops and restaurants, local parks, major highways and trains, this home offers easy access to area amenities and convenient commute to Boston. With its stately brick exterior, three fireplaces, beautiful built-ins, generous living spaces, and classic Colonial architecture, this home is filled with character and offers a wonderful opportunity to make it your own. Showings start at first open house Saturday 9/19 12 to 2 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: 900 sq ft (the lesser of 900 sq ft or half the 4,293 sq ft principal dwelling). Lot size: 8,211 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$1,599,900
Annual Taxes$14,300

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms10
Fireplaces3
FlooringWood, Tile, Carpet, Flooring - Wall to Wall Carpet
BasementFull, Partially Finished, Interior Entry, Bulkhead

Climate & Utilities

HeatingHot Water, Natural Gas, Fireplace(s)
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Stone
ZoningRES

Property & Lot

Acres0.19
SqFt Lot8,211
Lot FeaturesCleared

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenBathroom 1
Main,First
Family Room
Living Room
Lvl First

12.6 x 26

Flooring - Hardwood, Lighting - Sconce, Archway

Dining Room
Lvl First

13.4 x 13.7

Closet/Cabinets - Custom Built, Flooring - Hardwood, Archway

Kitchen
Lvl First

18.4 x 12.2

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Exterior Access, Slider

Family Room
Lvl Main,First

23.1 x 21

Skylight, Ceiling Fan(s), Vaulted Ceiling(s), Closet, Flooring - Hardwood, Cable Hookup, Exterior Access, Slider

Primary Bedroom
Lvl Second

12.6 x 20

Bathroom - 3/4, Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Cable Hookup

Bedroom 2
Lvl Second

12.2 x 12.2

Bedroom 3
Lvl Second

13.4 x 13.7

Closet, Flooring - Hardwood

Bedroom 4
Lvl Second

10.9 x 8.1

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

5 x 5.8

Bathroom - Half

Bathroom 2
Lvl Second

7.6 x 5.8

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Second

7.11 x 5.8

Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Anna Colletta

Listing Office: Curtis & Colletta Realty Associates

MLS® Number: 73579366