Investment Analysis — 408 Lebanon St #18

Melrose, MA 02176 — Wyoming

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 2.43% cap rate and $15,263/yr in estimated NOI at the $629,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,704

Style

Condominium

Built

1896

Welcome to Washington Estates, where this top-floor, multi-level residence offers a refreshing departure from the typical condo. Approximately 1,700 square feet of living space, cathedral ceilings, skylights and hardwood floors throughout create a bright, airy feel with plenty of character. The inviting living room features a cozy pellet stove, while the kitchen offers granite countertops, abundant storage, a walk-in pantry and a sun-drenched breakfast nook. The spacious primary bedroom includes double closets and a full en-suite bath with marble vanity. A second full bath and in-unit laundry room add convenience to the main level, while the generous loft-style second bedroom offers plenty of room to serve as both a guest retreat and home office. Central air and two assigned parking spaces complete the package. With Foss Park just steps away, downtown Melrose’s shops and restaurants nearby, and easy access to Oak Grove and the Orange Line, this home brings together distinctive living space and an ideal location. Anything but cookie-cutter, it’s a home with a personality all its own.

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 MLS and other third-party data may be inaccurate or out of date.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.