Building Details

Year Built 1900

Listing Agency: Keller Williams Realty Evolution Show Phone

Listed By: Renee Lombardi Show Phone

Source: Lockandkeyre

Added: Jul 15 Changed: Aug 8 Last Checked: Jul 23 at 5:41AM

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Investment Insights

Based on property information with market context.

This rental unit offers a spacious, well-laid-out interior with plenty of natural light throughout. The living room adjoins a formal dining room with a built-in china cabinet, and the main bedroom accommodates a king-size arrangement. The eat-in kitchen features pantry areas, and the unit includes an enclosed back porch for additional usable space. Storage needs are supported with closet space throughout.

Outside, there is a nice yard for enjoying warmer months, including room for outdoor entertaining. Parking is provided via two-car driveway parking. The unit is available in August 2026, with more photos coming soon. Conveniently, it is a short distance to shops, stores, major roads, cafes, and the commuter rail.

A washer and dryer hookup is available in the pantry off the kitchen.

Key Highlights

• Unit built in 1900
• Enclosed back porch
• Washer and dryer hookups in the pantry off the kitchen

Property Analytics

Property Profile

Current Use

Residential income properties

Suggested Use

Top Pick Law Firm Restaurant Parking Lot & Garage Food Market Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

546

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

Questions? Ask Rey

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What type of property is this? Where is this residential income properties located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential income property - Includes an enclosed back porch, plus washer and dryer hookups in the pantry off the kitchen.

Where is this residential income property located?

The property is located at 123 Ashland Street Unit 1 Melrose, MA.

What is the lease rate?

The lease rate is $2,100/Mo.

What are key features of this property?

This property features: Unit built in 1900; Enclosed back porch; Washer and dryer hookups in the pantry off the kitchen