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Melrose 02176 Melrose East Side
73 Florence Ave
Photo of 73 Florence Ave
Sold on Oct 20, 2026

4

Map

Photo of 73 Florence Ave
Photo of 73 Florence Ave
$700,000
● House - Off Market

73 Florence Ave

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,726 Ft²
$4,278
Est. Monthly

About This Property

Cape Cod-style home with Tudor-inspired architectural details and timeless curb appeal in Melrose's desirable Mount Hood neighborhood. This 3-bedroom, 1.5-bath home sits on a quiet dead-end street moments from Melrose Commons and close to downtown Melrose's restaurants, shops, and commuter rail. Original wood moldings, a fireplace, flat private backyard, and a 1-car garage offer genuine upside for the right buyer. Ready for a full renovation and priced accordingly - this is your opportunity to put your stamp on a character-rich home in a sought-after location. Seller requires use and occupancy through end of August. Ideal for a developer or experienced renovator with a vision. Bring your contractor and make it yours.
Unit Size
1,726 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$434
Property Type
House
Property Taxes
$600
HOA Dues
-
Year Built
1900

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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: 23 days ago (MLSPIN #73535366)

Price History

Date / Event Date Event Price
Oct 20, 2026 Sold
Premium
Sold
Jun 19, 2026 In contract -
In contract
Jun 12, 2026 Listed by Compass $749,000
Listed by Compass
Aug 31, 2006 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 630
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,502
  • Total Building Area: 1,526
  • Gross Building Area: 2,678
  • Building Area: 1,526
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,526
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • 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: 336300

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:0F6 P:0000020
  • Municipality: MELROSE
  • Latitude: 42.4536
  • Longitude: -71.053

    Address

  • Full Address: 73 Florence Ave
  • Address - House Number: 73
  • Address - Street Name: Florence
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Melrose
  • Carrier Code: C037
  • 4-Digit Zip Code: 4919
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $708,600

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 841,463
  • High Value: 987,647
  • Low Value: 695,280

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $713,600
  • Assessed Land Value: $461,600
  • Assessed Improvements Value: $252,000

    Sales

  • Current Sale Recording Date: Aug 31, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00167762
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 Melrose East Side

Stats & Trends

Median Asking:

$949,900

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2107 ft²

Average Home Age

87 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 23 days ago
Data Source: MLS PIN, MLS# 73535366

Frequently Asked Questions

When was property at 73 Florence Avenue built and last sold?
The property at 73 Florence Avenue was built in 1900 and last sold on Jan 1, 1970 for $485,000.
How much is this home worth?
The estimated value of the home located at 73 Florence Avenue is $763,243.
What are some comparable homes to 73 Florence Avenue?
There are currently no comparable homes to 73 Florence Avenue.
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