Active
140 Days on market
12 Mount Vernon St #25 Melrose — Photo 1 of 25

12 Mount Vernon St #25 Melrose — Photo 1 of 25

Recent Drop: $52,000

$649,000
$597,000

$597,000

Investment Analysis — 12 Mount Vernon St #25

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 2.80% cap rate and $16,700/yr in estimated NOI at the $597,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,120

Style

Condominium

Built

1980

Rare to market large open floor plan with 2 good size bedrooms, 2 full baths with lovely views of tree garden and sunrise. Extraordinarily spacious unit. Updated eat in kitchen with custom cabinetry, unfolds to both the DR and LR, creating an open space that enjoys beautiful morning light from the balcony. Both BRs are generously sized, with ample room for sitting area or office. Master bedroom features a full tiled bath with granite vanity, linen closet & large walk-in closet. The 2nd full tiled bath is also in perfect condition. New hardwood floor in living, dining and bed rooms, plus new paint throughout. Central forced air. New insulated windows. 1 assigned garage parking. Common laundry facility on each floor. Storage unit on 1st floor. Low HOA fee. Easy living close to commuter rail, Oak Grove Orange line T, and Melrose's downtown shops & dining activities. This well-kept complex has many updates such as new elevator and renovated common areas! A must see.

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 MLS and other third-party data may be inaccurate or out of date.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

Property Details

Financials

Original Price$649,000
Annual Taxes$4,722
HOA Fee$358

Parking

Garage1
Off-Street1

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood, Tile
BasementN

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofOther
Foundation--
ZoningURC

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Range Hood

Neighborhood

Public Transportation • Shopping

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bathroom 1Bathroom 2
Living Room
Lvl First

12 x 18

Dining Room
Lvl First

13.2 x 8.5

Kitchen
Lvl First

12 x 8.5

Master Bedroom
Lvl First

12 x 18.5

Walk-In Closet(s)

Bedroom 2
Lvl First

10.5 x 14.5

Bathroom 1
Lvl First

5 x 8.5

Bathroom 2
Lvl First

5 x 8.5

Property History

Price Drop
$597,000

Was $599,900

Aug 25, 2026

MLS® 73507400

Price Drop
$599,900

Was $619,000

Jul 6, 2026

MLS® 73507400

Price Drop
$619,000

Was $639,000

Jun 18, 2026

MLS® 73507400

Price Drop
$639,000

Was $649,000

Jun 3, 2026

MLS® 73507400

Listed
$649,000

Apr 25, 2026

MLS® 73507400

Listing Provided By

Listing Agent: Lisa Berry

Listing Office: Simply Sell Realty

MLS® Number: 73507400