
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl First12.6 x 26
Flooring - Hardwood, Lighting - Sconce, Archway
Dining Room
Lvl First13.4 x 13.7
Closet/Cabinets - Custom Built, Flooring - Hardwood, Archway
Kitchen
Lvl First18.4 x 12.2
Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Exterior Access, Slider
Family Room
Lvl Main,First23.1 x 21
Skylight, Ceiling Fan(s), Vaulted Ceiling(s), Closet, Flooring - Hardwood, Cable Hookup, Exterior Access, Slider
Primary Bedroom
Lvl Second12.6 x 20
Bathroom - 3/4, Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Cable Hookup
Bedroom 2
Lvl Second12.2 x 12.2
Bedroom 3
Lvl Second13.4 x 13.7
Closet, Flooring - Hardwood
Bedroom 4
Lvl Second10.9 x 8.1
Closet, Flooring - Hardwood
Bathroom 1
Lvl First5 x 5.8
Bathroom - Half
Bathroom 2
Lvl Second7.6 x 5.8
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl Second7.11 x 5.8
Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: Anna Colletta
Listing Office: Curtis & Colletta Realty Associates
MLS® Number: 73579366

