Investment Analysis — 22 Ash St

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 2.49% cap rate and $17,421/yr in estimated NOI at the $699,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,845

Style

Single Family

Built

1940

Tucked away on a peaceful dead-end private way, this delightful 6-room home offers 2 spacious bedrooms and 2 full baths, the perfect blend of comfort and function. The inviting living room features a cozy woodburning fireplace, while the charming dining room provides an ideal setting for entertaining. The kitchen opens through sliders to a perfectly sized backyard, extending your living space outdoors.The soundproofed lower level offers a versatile bonus room with surround sound, ready-made for movie nights, music, a home office, or a relaxing retreat. It also includes a full bath and convenient laundry. Mini splits provide efficient year-round comfort, and the 200 amp electrical service means plenty of capacity for today's needs. Parking is a breeze with a one-car garage plus additional off-street parking. And because it's a private way, overnight parking is allowed, a rare find. Best of all, you're just a quick jaunt to all the restaurants and shops Melrose center has to offer, and only a few minutes by car to both the Oak Grove Orange Line T station and Wyoming Hill Commuter rail for an easy commute into Boston.

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 1,845 sq ft principal dwelling). Lot size: 4,487 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.