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37 Norman Rd Melrose — Photo 1 of 37

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.

View Standard Listing

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.

Open Houses

Property Details

Financials

Original Price$850,000
Annual Taxes$9,543

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms7
Fireplaces2
FlooringTile, Hardwood, Flooring - Wall to Wall Carpet
BasementFull, Finished, Partially Finished

Climate & Utilities

HeatingSteam, Natural Gas, Fireplace(s)
CoolingWindow Unit(s), Wall Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningURA

Property & Lot

Acres0.13
SqFt Lot5,715
Lot FeaturesLevel

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

Main
Living RoomDining RoomFamily Room
Unknown
KitchenPrimary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 1Bathroom 2
Living Room
Lvl Main

21 x 13

Flooring - Hardwood, Open Floorplan, Remodeled

Dining Room
Lvl Main

14 x 11

Flooring - Hardwood, Open Floorplan, Remodeled, Crown Molding

Kitchen
Lvl null

15 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 Main

16 x 10

Bathroom - Full, Flooring - Stone/Ceramic Tile, Exterior Access, Open Floorplan, Sunken

Primary Bedroom
Lvl null

19 x 12

Walk-In Closet(s), Flooring - Wall to Wall Carpet

Bedroom 2
Lvl null

16 x 10

Bedroom 3
Lvl null

12 x 13

Closet, Flooring - Hardwood

Bedroom 4
Lvl null

11 x 10

Closet, Flooring - Hardwood

Bathroom 1
Lvl null

6 x 4

Bathroom - Half

Bathroom 2
Lvl null

10 x 8

Bathroom - Full

Listing Provided By

Listing Agent: Leeman & Gately

Listing Office: Compass

MLS® Number: 73584930