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244 Beech Ave Melrose — Photo 1 of 22

244 Beech Ave Melrose — Photo 1 of 22

Recent Drop: $20,100

$720,000
$699,900

$699,900

Investment Analysis — 244 Beech Ave

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 3.97% cap rate and $27,797/yr in estimated NOI at the $699,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

1

SqFt

1,344

Style

Single Family

Built

1950

Welcome to 244 Beech Ave, nestled in Melrose’s desirable Mount Hood neighborhood! This charming 4-bedroom, 1-bath home offers 1,344 square feet of comfortable living space, a freshly painted interior, and a wonderful opportunity to create a home that reflects your own style. Two driveways provide plenty of off-street parking, while the convenient location offers easy access to major highways and the nearby MBTA makes traveling into Boston an absolute breeze.

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: 672 sq ft (the lesser of 900 sq ft or half the 1,344 sq ft principal dwelling). Lot size: 6,469 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 MLS and other third-party data may be inaccurate or out of date.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.

Immersive Experience

Open Houses

Property Details

Financials

Original Price$720,000
Annual Taxes$6,221

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms7
FireplacesNone
FlooringVinyl, Hardwood
BasementPartially Finished, Interior Entry

Climate & Utilities

HeatingSteam, Oil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningURA

Property & Lot

Acres0.15
SqFt Lot6,469
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer • Oven

Neighborhood

Public Transportation • Shopping • Park • Golf • Bike Path • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2
First
Living RoomKitchenBedroom 3Bedroom 4Bathroom 1
Living Room
Lvl First
Kitchen
Lvl First
Master Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl First
Bedroom 4
Lvl First
Bathroom 1
Lvl First

Property History

Price Drop
$699,900

Was $720,000

Sep 9, 2026

MLS® 73568539

Listed
$720,000

Aug 26, 2026

MLS® 73568539

Listing Provided By

Listing Agent: Anne Garcia

Listing Office: Redfin Corp.

MLS® Number: 73568539