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5 Days on market

79 Whitman Avenue Melrose — Photo 1 of 38

$920,000

Investment Analysis — 79 Whitman Avenue

Melrose, MA 02176 — Eastside/Common

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 2.72% cap rate and $25,056/yr in estimated NOI at the $920,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,998

Style

Single Family

Built

1950

Nestled on a desirable, tree-lined street on the Eastside, this charming 9-room, 4-bedroom, 2-full-bath home on Whitman Avenue offers classic character, thoughtful updates, and an exceptional location. Deceptive from the outside, the home surprises with a spacious, welcoming interior featuring freshly painted rooms, beautiful dark-stained floors, crown molding, built-ins, and other period details.The bright, updated kitchen features white cabinetry, quartz countertops, and stainless-steel appliances, while both full baths have been thoughtfully updated too. The dining room opens to a spacious family room overlooking the backyard, with lush greenery creating a peaceful backdrop and a comfortable living room with fireplace provides an inviting space to relax or entertain. A beautiful bath w/walk-in shower rounds out the 1st fl! Upstairs are four nicely sized bedrooms and a full stylish bath. The lower level offers valuable flexible space with new vinyl flooring and fresh paint—perfect for a home office, playroom, gym, or hobby area. Outside, enjoy a lovely yard with patio space and plenty of room for gardening, play, and fun cookouts. Sidewalks lead from your front door to the Common, nearby MBTA bus stops, schools, and Melrose Square, with its restaurants, cafés, brewery, YMCA, shopping, and everyday conveniences. Oak Grove & Rts. 1 & 93 are also nearby, making commuting to Boston and points north easy and convenient Charming, versatile, updated, and move-in ready, this sweet home offers the best of neighborhood living with everything you need just minutes away...Just unpack & be home sweet home for the holidays!!

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 1,998 sq ft principal dwelling). Lot size: 6,338 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.