
27 Sycamore Road Melrose — Photo 1 of 38
$825,000
Investment Analysis — 27 Sycamore Road
Melrose, MA 02176 — Mount Hood
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 2.90% cap rate and $23,906/yr in estimated NOI at the $825,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,344
Style
Single Family
Built
1954
There’s something easy and inviting about life at 27 Sycamore Road. Tucked into a quiet, established Melrose neighborhood on a loop-style street with minimal through traffic, this charming Cape offers the kind of setting that makes you want to settle in and stay awhile. Freshly painted throughout, the home feels bright, clean, and ready for its next chapter. Start your mornings with coffee in the sunny three-season porch, gather around the fireplace on cooler evenings, or spend warm afternoons relaxing and entertaining in the fenced backyard. Inside, hardwood floors and comfortable living spaces create a warm, welcoming feel, while three bedrooms and two full baths offer flexibility for everyday life. The partially finished basement provides even more room to spread out—perfect for a playroom, home office, gym, or casual hangout space. Set on a desirable corner lot, the property also offers potential for future expansion for buyers looking to grow into the home over time. And when you’re ready to head out, Mt. Hood, nearby parks, schools, highway access, and downtown Melrose are all within easy reach. It’s a home that combines neighborhood charm, everyday comfort, and a fantastic corner lot. A Melrose gem!
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: 672 sq ft (the lesser of 900 sq ft or half the 1,344 sq ft principal dwelling). Lot size: 7,863 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
Electric Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First20 x 13
Flooring - Hardwood, Window(s) - Picture
Dining Room
Lvl First11 x 11
Flooring - Hardwood
Kitchen
Lvl First11 x 12
Flooring - Hardwood
Primary Bedroom
Lvl Second14 x 18
Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second11 x 18
Bedroom 3
Lvl First11 x 11
Closet, Flooring - Hardwood
Bathroom 1
Lvl First6 x 8
Bathroom - Full, Bathroom - With Tub
Bathroom 2
Lvl Second9 x 6
Bathroom - Full, Bathroom - Tiled With Shower Stall
Listing Agent: The Kim Perrotti Team
Listing Office: Leading Edge Real Estate
MLS® Number: 73577876

