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Melrose 02176 Downtown Melrose
4 Allen Place
Photo of 4 Allen Place
Sold on Sep 17, 2026

39

Map

Photo of 4 Allen Place
Photo of 4 Allen Place
$699,000
● House - Off Market

4 Allen Place

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,283 Ft²
$3,821
Est. Monthly

About This Property

Welcome to this beautifully maintained single-family home, ideally located just blocks from downtown Melrose and within easy walking distance of the Wyoming Hill commuter rail. Perfect for first-time buyers, those looking to downsize, or anyone seeking a fantastic condo alternative. The inviting first floor features a spacious foyer, bright living room, formal dining room, an updated eat-in kitchen, and a convenient half bath. Upstairs you'll find three generously sized bedrooms and a large full bath. Gleaming hardwood floors add warmth and character throughout. Outside, enjoy a private paved courtyard, perfect for relaxing or entertaining and the convenience of two off-street parking spaces. A wonderful opportunity to enjoy comfort, convenience, and all that Melrose has to offer!
Unit Size
1,283 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$545
Property Type
House
Property Taxes
$389
HOA Dues
-
Year Built
1910

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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: 14 days ago (MLSPIN #73558306)

Price History

Date / Event Date Event Price
Sep 17, 2026 Sold
Premium
Sold
Aug 11, 2026 In contract -
In contract
Aug 3, 2026 Listed by Century 21 Property Central Inc. $699,000
Listed by Century 21 Property Central Inc.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 675
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,326
  • Total Building Area: 1,283
  • Gross Building Area: 2,357
  • Building Area: 1,283
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,283
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELROSE
  • Land Acres: 0000000053
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Melrose School District
  • School Tax School District: MELROSE SD
  • Census Tract: 336402

Zoning

  • Zoning: URD

Geography

  • Parcel: MELR M:0C6 P:0000035
  • Municipality: MELROSE
  • Latitude: 42.4536
  • Longitude: -71.0687

    Address

  • Full Address: 4 Allen Pl
  • Address - House Number: 4
  • Address - Street Name: Allen
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Melrose
  • Carrier Code: C005
  • 4-Digit Zip Code: 3807
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $446,800

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 86
  • Final Value: 532,279
  • High Value: 598,142
  • Low Value: 466,416

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $449,900
  • Assessed Land Value: $236,100
  • Assessed Improvements Value: $213,800
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Downtown Melrose

Stats & Trends

Median Asking:

$669,900

Sale Price/ft²

$490

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1768 ft²

Average Home Age

127.8 years

Currently For Sale

6 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 195 Pleasant St, MA, 02148

$1,670 /mo

  • 1 Bed
  • 1 Bath
195 Pleasant St, MA, 02148 Listing by Rick Rivera
Unit for rent at 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 14 days ago
Data Source: MLS PIN, MLS# 73558306

Frequently Asked Questions

When was property at 4 Allen Place built and last sold?
The property at 4 Allen Place was built in 1910 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4 Allen Place is $705,990.
What are some comparable homes to 4 Allen Place?
There are currently no comparable homes to 4 Allen Place.
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