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27 Sycamore Road Melrose — Photo 1 of 38

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.

View Standard Listing

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.

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Property Details

Financials

Original Price$825,000
Annual Taxes$6,920

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
Fireplaces1
FlooringWood, Tile
BasementFull, Walk-Out Access

Climate & Utilities

HeatingOil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSRB

Property & Lot

Acres0.18
SqFt Lot7,863
Lot FeaturesCorner 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

Second
Primary BedroomBedroom 2Bathroom 2
First
Living RoomDining RoomKitchenBedroom 3Bathroom 1
Living Room
Lvl First

20 x 13

Flooring - Hardwood, Window(s) - Picture

Dining Room
Lvl First

11 x 11

Flooring - Hardwood

Kitchen
Lvl First

11 x 12

Flooring - Hardwood

Primary Bedroom
Lvl Second

14 x 18

Closet, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second

11 x 18

Bedroom 3
Lvl First

11 x 11

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

6 x 8

Bathroom - Full, Bathroom - With Tub

Bathroom 2
Lvl Second

9 x 6

Bathroom - Full, Bathroom - Tiled With Shower Stall

Listing Provided By

Listing Agent: The Kim Perrotti Team

Listing Office: Leading Edge Real Estate

MLS® Number: 73577876