
37 Norman Rd Melrose — Photo 1 of 37
$850,000
Investment Analysis — 37 Norman Rd
Melrose, MA 02176 — East Side
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02176 carries an estimated $3,730/mo in gross rent — about a 2.88% cap rate and $24,475/yr in estimated NOI at the $850,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
2,260
Style
Single Family
Built
1939
Welcome to 37 Norman Road, where the neighborhood feels nostalgic. Tucked away on a beautiful tree-lined street in the heart of the coveted Bellevue Country Club area, Norman Road offers sidewalks for the perfect walk, neighborhood block parties, and a true sense of community. Step inside to a warm and welcoming living room featuring a fireplace, hardwood floors, and updated windows. The open-concept kitchen and dining area is designed for everyday living and entertaining, with a center island, gas cooking, granite countertops, stainless steel appliances, and a peninsula overlooking the designated dining space. Just off the dining room, a charming screened porch overlooks the backyard, the perfect spot for morning coffee or summer evenings. A sunken family room adds another inviting living space on the first floor, while a half bath completes this level. Upstairs, you’ll find the ideal bedroom layout with four bedrooms all on one floor, each offering great closet space, along with another full bath. The lower level brings even more fun with a bonus room featuring a second fireplace, perfect for watching the big game, a playroom, home gym, or casual hangout space. Outside, the backyard is ready for beautiful summer nights, pool parties, barbecues, and effortless entertaining. With its wonderful layout, inviting outdoor spaces, and an incredible neighborhood setting, 37 Norman Road is the kind of home you won’t want to miss.
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 2,260 sq ft principal dwelling). Lot size: 5,715 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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Building & Exterior
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Amenities & Appliances
Dishwasher • Disposal • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Pool • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main21 x 13
Flooring - Hardwood, Open Floorplan, Remodeled
Dining Room
Lvl Main14 x 11
Flooring - Hardwood, Open Floorplan, Remodeled, Crown Molding
Kitchen
Lvl null15 x 12
Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Country Kitchen, Open Floorplan, Gas Stove
Family Room
Lvl Main16 x 10
Bathroom - Full, Flooring - Stone/Ceramic Tile, Exterior Access, Open Floorplan, Sunken
Primary Bedroom
Lvl null19 x 12
Walk-In Closet(s), Flooring - Wall to Wall Carpet
Bedroom 2
Lvl null16 x 10
Bedroom 3
Lvl null12 x 13
Closet, Flooring - Hardwood
Bedroom 4
Lvl null11 x 10
Closet, Flooring - Hardwood
Bathroom 1
Lvl null6 x 4
Bathroom - Half
Bathroom 2
Lvl null10 x 8
Bathroom - Full
Listing Agent: Leeman & Gately
Listing Office: Compass
MLS® Number: 73584930








