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424 Upham Street Melrose — Photo 1 of 42

424 Upham Street Melrose — Photo 1 of 42

$1,375,000

Investment Analysis — 424 Upham Street

Melrose, MA 02176 — Eastside

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02176 carries an estimated $3,730/mo in gross rent — about a 1.47% cap rate and $20,242/yr in estimated NOI at the $1,375,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

5

SqFt

4,177

Style

Single Family

Built

1940

Beautifully appointed & thoughtfully expanded, this exceptional 12-room 1940s Eastside Colonial seamlessly blends timeless architectural character w/sophisticated updates & modern family living. From the moment you enter, the home feels like something straight from the pages of a design magazine—elegant, inviting, & exceptionally well maintained.The show-stopping kitchen is the heart of the home, centered around a spectacular oversized island. Italian marble, abundant custom cabinetry, a farmhouse sink, 2 dishwashers, and an AGA Elise induction range create a space that is as beautiful as it is functional. A dramatic wall of windows above the expansive sink overlooks the extraordinary backyard oasis, bringing the outdoors into the heart of the home.The grounds are truly remarkable, with a built-in pool, outdoor kitchen, spacious dining deck, seasonal cabana, & even a charming treehouse. It is an entertainer’s dream & a private retreat for everyday enjoyment.The striking fireplaced living room, amazing sunroom & inviting family room provide gracious spaces for gathering, relaxing, & entertaining. A thoughtfully designed addition is seamlessly intergrated into the homes existing living space blending beautifully with the main house... With its own separate entrance this versatile space offers exceptional flexibilty & could easily accomodate a 1st fl in-law suite, guest quarters, or home office. Upstairs are 4 additional bdrms & 3 baths, including an ensuite. Another bdrm enjoys access to an adjoining reading room & a back staircase, offering tremendous versatility for families. The lower level adds even more living & rec space w/2 playrooms featuring an electric fireplace, shiplap walls & a delightful nook designed as a clubhouse. Modern amenities include central air, owner-owned solar panels, a 2 car garage with direct entry, & an EV charger. Ideally located for commuters, this expansive home is approximately 7 miles from Boston & close to the MBTA bus, Rt. 1, Bellevue CC , Mt Hood, & The Common Park. Melrose Square, with its restaurants, shops, & everyday amenities are nearby too. A rare combination of architectural charm, sophisticated design, incredible outdoor living, flexible space, & commuter convenience, this is a truly special home ready to be enjoyed for years to come! Check out the link under the video icon w/all of the updates or attached under the paper clip.

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 4,177 sq ft principal dwelling). Lot size: 12,131 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$1,375,000
Annual Taxes$13,776

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms12
Fireplaces2
FlooringTile, Hardwood, Flooring - Hardwood, Flooring - Stone/Ceramic Tile
BasementFull, Finished, Sump Pump

Climate & Utilities

HeatingHeat Pump, Electric, Fireplace
CoolingHeat Pump
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Stone
ZoningSRB

Property & Lot

Acres0.28
SqFt Lot12,131
Lot Features--

Amenities & Appliances

Electric Water Heater • Range • Oven • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Wine Refrigerator • Range Hood

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 3
First
Living RoomDining RoomKitchenFamily RoomBedroom 5Bathroom 1Bathroom 2
Living Room
Lvl First

21 x 11

Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Picture, Crown Molding

Dining Room
Lvl First

25 x 11

Flooring - Hardwood, Recessed Lighting, Lighting - Overhead

Kitchen
Lvl First

24 x 14

Bathroom - Half, Beamed Ceilings, Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Picture, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Second Dishwasher, Slider, Stainless Steel Appliances, Wine Chiller, Gas Stove, Crown Molding

Family Room
Lvl First

17 x 15

Flooring - Hardwood, Recessed Lighting, Crown Molding

Primary Bedroom
Lvl Second

16 x 11

Bathroom - 3/4, Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Beadboard

Bedroom 2
Lvl Second

15 x 12

Bedroom 3
Lvl Second

12 x 10

Closet, Flooring - Hardwood

Bedroom 4
Lvl Second

20 x 12

Bathroom - Full, Walk-In Closet(s)

Bedroom 5
Lvl First

13 x 13

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

4 x 3

Bathroom - Half, Beadboard

Bathroom 2
Lvl First

7 x 6

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

Bathroom 3
Lvl Second

6 x 7

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

Listing Provided By

Listing Agent: Leeman & Gately

Listing Office: Compass

MLS® Number: 73578403