114 Malvern St Melrose — Photo 1 of 41
$1,675,000
Investment Analysis — 114 Malvern St
Melrose, MA 02176
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 1.50% cap rate and $25,167/yr in estimated NOI at the $1,675,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
4.5
SqFt
3,176
Style
Single Family
Built
1900
Welcome to 114 Malvern St, a sophisticated and beautifully renovated residence on Melrose’s desirable East Side. Meticulously transformed inside and out, this exceptional home blends timeless architectural character with refined modern design and an unwavering attention to detail.From the moment you arrive, the professionally designed landscaping, elegant bluestone walkway and patio, and freshly painted exterior create an inviting first impression. A striking white oak front door adds warmth and natural beauty to the home’s classic exterior.Inside, thoughtfully curated finishes create a sense of understated luxury throughout. White oak flooring, elegant coffered ceilings, spacious bedrooms, and an abundance of natural light define the beautifully designed interiors. At the heart of the home, the renovated kitchen combines timeless style with exceptional functionality, featuring highend appliances and sophisticated finishes.Updated clad windows enhance the home’s natural light while complementing its enduring architectural aesthetic. Every space has been thoughtfully considered, resulting in a polished, cohesive residence that is truly move-in ready.Ideally situated on Melrose’s sought-after East Side, 114 Malvern St offers the perfect balance of neighborhood charm and everyday convenience, with easy access to downtown Melrose, commuter rail, local shops and restaurants, parks, schools, and major routes. A remarkable home in a highly desirable setting, this is refined living with effortless access to everything Melrose has to offer.
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 3,176 sq ft principal dwelling). Lot size: 5,493 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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Listing Agent: Kirssis Nunez
Listing Office: eXp Realty LLC
MLS® Number: 73581146