509 Pleasant St #2-4 Melrose — Photo 1 of 15
$459,900
Investment Analysis — 509 Pleasant St #2-4
Melrose, MA 02176
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02176 carries an estimated $2,820/mo in gross rent — about a 3.16% cap rate and $14,537/yr in estimated NOI at the $459,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
915
Style
Condominium
Built
1926
Set in desirable Melrose with so much just outside your door, this bright second-floor condo makes everyday living easy. The spacious eat-in kitchen features white cabinetry, gas cooking and newer appliances, with plenty of room to cook, gather and settle in. When you feel like heading out, downtown Melrose is close by with great restaurants, coffee shops and local favorites to explore. The home also offers a recently refreshed bath, in-unit laundry, a private balcony, additional basement storage, dedicated bike storage and one deeded parking space just outside the door. Even better, heat and hot water are included in the condo fee. With convenient access to both the commuter rail and Oak Grove Orange Line, this is a great opportunity to enjoy all that Melrose has to offer. Note: Sunday open house is canceled.
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 MLS and other third-party data may be inaccurate or out of date.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
Range • Dishwasher • Microwave • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl SecondFlooring - Wood, Lighting - Pendant
Kitchen
Lvl SecondFlooring - Stone/Ceramic Tile, Dining Area, Gas Stove
Primary Bedroom
Lvl SecondFlooring - Wall to Wall Carpet, Closet - Double
Bedroom 2
Lvl SecondBathroom 1
Lvl nullBathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile
Listing Agent: Joelle Smith
Listing Office: Compass
MLS® Number: 73578151
