Two-Unit Residential Income
For Sale
$1,000,000
Pending
110 Crescent Ave, Melrose, MA 02176
Two-family duplex offers a 3-bedroom first-floor unit and a bi-level 5-bedroom top unit on a large lot.
Property Size2,551 SF
Lot Size0.14 Acres
Days on Market118
Property Features for 110 Crescent Ave
General Information
Standard status
Pending
Size
2,551 SF
Lot size
0.14 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,709
Building Details
Building Size
2,551 SF
Year Built
1900
Listing Agency:
Legacy Realty Advisors LLC
Listed By:
Jonathan Mathews
(216) 973-3072
Source:
Bostonluxurysuburbs
Added: Jun 10
Changed: Oct 5
Last Checked: Oct 2 at 7:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Legacy Realty Advisors LLC
Investment Insights
Based on property information with market context.
This two-family duplex at 110 Crescent Avenue features a 3-bedroom first-floor unit and a bi-level, expansive 5-bedroom apartment on the upper level. The first-floor unit can be delivered vacant, creating flexibility for an owner-occupant. The property sits on a 6,251 SF lot and includes a large multi-bay garage in the back, with potential for future ADU creation as described in the remarks. Green spaces are also included, offering room for gardening or outdoor use, and off-street parking remains available even without using the garage space.
The location is described as walkable and commuter-friendly, with a 2-minute walk to Lincoln Elementary School and a 5-minute walk to the Wyoming Hill Commuter stop, plus a quick 5-minute drive to the Oak Grove T Station.
Overall, the layout provides two separate residential units with substantial bedroom counts, supported by exterior lot space, parking, and an additional outbuilding suitable for a multi-bay garage configuration.
The location is described as walkable and commuter-friendly, with a 2-minute walk to Lincoln Elementary School and a 5-minute walk to the Wyoming Hill Commuter stop, plus a quick 5-minute drive to the Oak Grove T Station.
Overall, the layout provides two separate residential units with substantial bedroom counts, supported by exterior lot space, parking, and an additional outbuilding suitable for a multi-bay garage configuration.
Key Highlights
- Two‑family duplex built in 1900 with a 3‑bedroom first‑floor unit and a bi‑level 5‑bedroom top unit
- 5,251 SF lot with a large multi‑bay garage in the back and potential to create a future ADU
- First‑floor unit has 3 bedrooms and can be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,980
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,079,600
$1.1M
Cap Rate 7%
$771,143
$771.1K
Cap Rate 9%
$599,778
$599.8K
Market Conditions
NOI Build-Up for 2,551 SF
Gross rent
$81.1K $31.80/SF
− Vacancy
−$4.0K −$1.57/SF
EGI
$77.1K $30.23/SF
− OpEx
−$23.1K −$9.07/SF
NOI
$54.0K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,079,600
Cap Rate 7%
$771,143
Cap Rate 9%
$599,778
Alternative Uses
Best Use
Multifamily LT 5
$771.1K
$674.8K – $899.7K
NOI $53,980 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$725.1K
$634.5K – $845.9K
NOI $50,756 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,713 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,237
Businesses Nearby
Explore this area
Business Placement
Demographics for 02176, MA
29,817
Population
12,724
Households
2.3
Avg Household Size
41
Median Age
62%
College-Educated
95%
High-School Grad
4.7 sq mi
ZIP Area
6,344
Density / Sq Mi
$126,854
Median Household Income
$80,293
Median Earnings
$1,933
Median Rent
$796,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family duplex offers a 3-bedroom first-floor unit and a bi-level 5-bedroom top unit on a large lot.
Where is this duplex located?
The property is located at 110 Crescent Ave Melrose, MA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Two‑family duplex built in 1900 with a 3‑bedroom first‑floor unit and a bi‑level 5‑bedroom top unit; 5,251 SF lot with a large multi‑bay garage in the back and potential to create a future ADU; First‑floor unit has 3 bedrooms and can be delivered vacant
