41
Map
$750,000
●
Condo -
Off Market
1 Melrose Street #2
Boston, MA 02116
1 Bed
1 Bath
625 Ft²
$4,691
Est. Monthly
$345
HOA / Fees
3.88%
Cap Rate
About This Property
Wow, standing proud on the heart of the quintessential Bay Village
conclave neighborhood is this PARLOR level floor through residence
which exudes warmth, charm & character with its high ceilings,
marble mantel fireplace, gleaming h/w floors, crown moldings and
oversized double hung windows. Coupled with the features of
modern living, including the open concept floor plan, modern full
bath with tub/shower, stylish updated kitchen boasting ss
appliances, granite counter-tops w/breakfast bar, ceiling fans,
energy efficient mini-splits for c/a and heating options,
in-unit w&d combo, keyless entry to building and unit,
with fabulous private deeded and gated side entry ideal for bike
storage or dinner Al Fresco dining. New central boiler with
hot water in 2022. WALK SCORE "98", 2 blocks to Commons &
Public Garden, between Back Bay & S. End, and T it is the IDEAL
place to call home. Close to everything Boston has to offer!!
On-street permit parking. 5 Unit Complex with low HOA
fees!!
Unit Size
625 Ft²
Days on Market
-
Land Size
-
Price per sqft
$1,230
Property Type
Condo
Property Taxes
$570
HOA Dues
$345
Year Built
1890
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (MLSPIN #73293089)
Price History
Property Highlights
Parking Available
Air Conditioning
Fireplace
Interior Details
Level: Main, First
Width: 14.166666
Length: 8
Features: Ceiling Fan(s), Flooring - Hardwood, Flooring - Wood, Dining Area, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Open Floorplan, Remodeled, Stainless Steel Appliances, Peninsula, Lighting - Overhead, Crown Molding
Area: 113.333333
Area: 39.743055
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Remodeled, Lighting - Overhead
Length: 4.916666
Level: Main, First
Width: 8.083333
Features: Ceiling Fan(s), Closet, Flooring - Hardwood, Exterior Access, Recessed Lighting, Lighting - Overhead, Closet - Double
Level: Main, First
Length: 11.25
Width: 11.166666
Area: 125.625
Features: No
Full Bathrooms: 1
Interior Features: Closet, Dining Area, Countertops - Stone/Granite/Solid, Open Floorplan, Lighting - Overhead, Crown Molding, Decorative Molding, Living/Dining Rm Combo
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer/Dryer, Plumbed For Ice Maker
Flooring Type: Tile, Hardwood, Flooring - Hardwood
Laundry Features: Laundry Closet, Flooring - Wood, Main Level, Washer Hookup, Lighting - Overhead, First Floor, In Unit, Electric Dryer Hookup
Rooms: 2
Has Fireplace
Fireplaces: 1
Basement: N
Parking Details
Parking Features: On Street
Exterior Details
Entry Level: 1
Security Features: Security System
Property Condition: Updated/Remodeled
Year Built Source: Public Records
Year Built Details: Actual, Renovated Since
PropertySubType: Condominium
Building Name: 1 Melrose Street Condominium
Structure Type: Brownstone
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Brick
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: RES
Parcel Number: 3345208
Water Source: Public
Financial Details
Tax Assessed Value: $628,000
Tax Annual Amount: $6,845
Utilities Details
Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Icemaker Connection
Cooling Type: Dual, Individual, Unit Control, Ductless
Heating Type: Central, Hot Water, Individual, Unit Control, Ductless, Fireplace(s)
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Reserve Funds
HOA/Condo/Coop Amenities: Hot Water
Association Fee Frequency: Monthly
HOA Fee: $345
Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - Off Site
1 Melrose Street #2, Boston, MA, 02116
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Condo
1
Bed
1
Bath
583 ft²
$1,116/ft²
$650,700
Oct 28, 2024
$650,700
Nov 29, 2024
$641/mo
Sold
Condo
1
Bed
1
Bath
660 ft²
$1,000/ft²
$660,000
Feb 28, 2019
$660,000
May 21, 2019
$582/mo
Sold
Condo
1
Bed
1
Bath
600 ft²
$1,013/ft²
$607,500
Apr 26, 2023
$607,500
Jun 20, 2023
$851/mo
Condo
1
Bed
1
Bath
695 ft²
$978/ft²
$680,000
Jan 28, 2025
$680,000
Mar 18, 2025
$1,252/mo
Sold
Condo
1
Bed
2
Baths
1,035 ft²
$773/ft²
$800,000
Aug 25, 2015
$800,000
Oct 30, 2015
$849/mo
Sold
Condo
1
Bed
1
Bath
642 ft²
$1,433/ft²
$920,000
Sep 1, 2024
$920,000
Oct 24, 2024
$896/mo
Active
Condo
1
Bed
1
Bath
602 ft²
$1,409/ft²
$848,000
Mar 21, 2025
-
$1,404/mo
Active
Condo
1
Bed
1
Bath
658 ft²
$1,260/ft²
$829,000
Feb 6, 2025
-
$1,261/mo
Active
Condo
1
Bed
1
Bath
616 ft²
$1,054/ft²
$649,000
Apr 7, 2025
-
$1,028/mo
Active
Condo
1
Bed
1
Bath
583 ft²
$1,405/ft²
$819,000
Jan 21, 2025
-
$666/mo
Active
Condo
1
Bed
1
Bath
571 ft²
$1,224/ft²
$699,000
Apr 23, 2025
-
$779/mo
Active
Condo
1
Bed
1
Bath
511 ft²
$1,614/ft²
$825,000
Mar 21, 2025
-
$1,042/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
01/29/2025
|
1 Bed
|
1 Bath
|
425 ft²
|
$535,000
1 Bed
1 Bath
425 ft²
|
$520,000
-2.80%
04/18/2025
|
-
|
Calla Gillies
Gibson Sotheby's International Realty
| |
|
09/20/2024
|
1 Bed
|
1 Bath
|
625 ft²
|
$769,000
1 Bed
1 Bath
625 ft²
|
$750,000
-2.47%
11/27/2024
|
-
|
Non Member
Non Member Office
| |
|
09/01/2024
|
1 Bed
|
1 Bath
|
642 ft²
|
$895,000
1 Bed
1 Bath
642 ft²
|
$920,000
+2.79%
10/24/2024
|
-
|
Patrick Fahey
Access
| |
|
10/07/2020
| |
Studio
|
1 Bath
|
480 ft²
|
$549,000
Studio
1 Bath
480 ft²
|
-
-
|
-
|
Danny Wang
Engel & Volkers Boston
|
|
03/19/2020
|
1 Bed
|
1 Bath
|
480 ft²
|
$549,888
1 Bed
1 Bath
480 ft²
|
$542,000
-1.43%
05/01/2020
|
-
|
Bridget Fortunate
Elevated Realty, LLC
| |
|
11/01/2017
|
Studio
|
1 Bath
|
480 ft²
|
$475,000
Studio
1 Bath
480 ft²
|
$462,000
-2.74%
01/16/2018
|
-
|
Robin W. Simon
HomeSmart First Class Realty
| |
|
12/30/2015
|
Studio
|
1 Bath
|
480 ft²
|
$429,000
Studio
1 Bath
480 ft²
|
$407,500
-5.01%
03/25/2016
|
-
|
Heather Carbone
eRealty Advisors, Inc.
| |
|
10/11/2011
|
1 Bed
|
1 Bath
|
480 ft²
|
$249,000
1 Bed
1 Bath
480 ft²
|
$240,000
-3.61%
11/06/2011
|
-
|
Kevin Labbe
M. Celata Real Estate
| |
|
04/25/2011
|
1 Bed
|
1 Bath
|
425 ft²
|
$279,900
1 Bed
1 Bath
425 ft²
|
$270,000
-3.54%
07/13/2011
|
-
|
Betsy Herald
The Charles Realty
| |
|
05/16/2007
|
1 Bed
|
1 Bath
|
480 ft²
|
$249,900
1 Bed
1 Bath
480 ft²
|
$244,000
-2.36%
06/28/2007
|
-
|
Tamara Krause
Prudential Prime Properties
| |
|
04/10/2007
|
Studio
|
1 Bath
|
425 ft²
|
$279,900
Studio
1 Bath
425 ft²
|
$270,000
-3.54%
08/17/2007
|
-
|
Frank Carroll
Boston Realty NET.com, Inc.
| |
|
06/07/2005
|
Studio
|
1 Bath
|
425 ft²
|
$259,000
Studio
1 Bath
425 ft²
|
$250,000
-3.47%
07/15/2005
|
-
|
Stephen Chase
Keller Williams Realty Boston-Metro | Back Bay
| |
|
01/25/2002
|
1 Bed
|
1 Bath
|
625 ft²
|
$259,000
1 Bed
1 Bath
625 ft²
|
$245,000
-5.41%
05/31/2002
|
-
|
Betsy Herald
The Charles Realty
| |
|
01/25/2002
|
1 Bed
|
1 Bath
|
454 ft²
|
$279,000
1 Bed
1 Bath
454 ft²
|
$250,000
-10.39%
05/01/2002
|
-
|
Betsy Herald
The Charles Realty
| |
|
01/25/2002
|
Studio
|
1 Bath
|
422 ft²
|
$169,000
Studio
1 Bath
422 ft²
|
$165,000
-2.37%
05/22/2002
|
-
|
Betsy Herald
The Charles Realty
|
Building Info
