
48 Burnett St Melrose — Photo 1 of 42
$1,199,999
Investment Analysis — 48 Burnett St
Melrose, MA 02176
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02176 carries an estimated $3,380/mo in gross rent — about a 1.74% cap rate and $20,827/yr in estimated NOI at the $1,199,999 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,135
Style
Single Family
Built
1959
Completely reimagined for modern living, this 4-bedroom, 3-bath Melrose home offers approximately 2,000 sq. ft. of thoughtfully designed space across two levels, combining contemporary finishes, flexible living areas, and extensive recent improvements. The main level welcomes you with an LED-lit entry featuring stone flooring and opens to a bright kitchen and living area beneath a raised cathedral-style ceiling. Three bedrooms and two baths are located on this level, including a primary suite, along with flexible space for dining and direct access to a new composite PVC deck overlooking the backyard. New 9-inch engineered wood flooring adds warmth and continuity throughout the home. The finished lower level expands the possibilities with a spacious second living area, fourth bedroom, full bath, wet bar with wine cooler, laundry area with machine, and additional space ideal for dining, entertaining, or a home office. Sliding doors provide a seamless connection to the backyard and covered outdoor area beneath the deck. Modern details include LED lighting at the entry, staircase, and shower niche, along with cable railings inside and outside. Major improvements include a new roof, new spray foam insulation, new plumbing, new 200-amp electrical service, new HVAC heat pump with electric backup, new driveway, solar panels, and updated outdoor spaces. Located in Melrose's Mount Hood area with convenient access to Mount Hood Memorial Park & Golf Course, nearby schools, local shopping and dining, green spaces, commuter rail connections, and routes into Boston. A beautifully updated home designed with flexibility for everyday living, entertaining, working from home, and enjoying indoor-outdoor living.
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 2,135 sq ft principal dwelling). Lot size: 15,298 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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Property History
$1,199,999
Oct 2, 2026
MLS® 73584632
$650,000
Jan 8, 2026
MLS® 73461603
$689,000
Dec 11, 2025
MLS® 73461603
Listing Agent: Lia Carminati
Listing Office: Be Live in Realty
MLS® Number: 73584632








