Two-Unit Residential Income
110 Crescent Avenue Melrose, MA 02176
110 Crescent Avenue, Melrose, MA, 02176
$1,000,000
For Sale
$1,000,000
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
Price / SF$392
Days on Market57
Property Features for 110 Crescent Avenue
General Information
- Standard status
- Active
- Size
- 2,551 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Legacy Realty Advisors LLC
Listed by
Jonathan Mathews
(617) 731-4644
Source
Hammondre
Added: May 27 Updated: Jul 21 at 6:11PM Checked: Jul 21 at 6:11PM
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.1k | $31.80 |
| − Vacancy | −$4.0k | −$1.57 |
| EGI | $77.1k | $30.23 |
| − OpEx | −$23.1k | −$9.07 |
| NOI | $54.0k | $21.16 |
2,551 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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 Avenue 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
