Investment Analysis — 53 Melrose Street #2B

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 2.96% cap rate and $12,384/yr in estimated NOI at the $419,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,080

Style

Condominium

Built

1961

You might not recognize this one—let us reintroduce you to Unit 2B at The Towers! This bright second-floor unit offers the easy, amenity-filled lifestyle that continues to make this community such a popular choice. Located in Building 53, home to the indoor pool and sauna, Unit 2B features a comfortable open layout connecting the living room, dining area and kitchen. Sliders lead to the enclosed balcony, creating additional space to relax and enjoy throughout the seasons. The spacious primary bedroom also offers balcony access along with generous closet space, while the second bedroom easily accommodates a variety of furniture and uses. Luxury vinyl flooring and freshly painted walls give the unit a clean, updated feel, and the glass in all balcony windows has recently been replaced. Even better, this unit includes assigned parking space #12B conveniently located near the front entrance PLUS garage space #47. Indoor and outdoor pools, great amenities, a central location and a well-managed community complete the package.

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 MLS and other third-party data may be inaccurate or out of date.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