Two-Unit Duplex with Fenced
17 Linden Rd, Melrose, MA 02176
For Sale
$1,150,000
Two residences offer potential for multigenerational living or occupancy alongside rental use.
Property Size3,072 SF
Price / SF$374.35
Days on Market21
Property Features for 17 Linden Rd
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fenced-in yard
hardwood floors
Unfinished
Tile,Carpet,Hardwood
Yes
3
No
7
Skylight(s)
Public Record
Mudroom,Ceiling Fan(s),Bathroom With Tub & Shower,Walk-Up Attic,Bathroom with Shower Stall,Bathroom With Tub,Slider
3072
Fenced
Level
Public
0.12
5
Off Street
Balcony/Deck
Stone
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Compass
Listed By:
Jenna Marquis
Source:
Jrpierre
Added: Oct 19
Changed: Nov 7
Last Checked: Nov 7 at 4:15PM
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 Compass
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Investment Insights
Based on property information with market context.
This 3,072-square-foot duplex, built in 1906, contains two units with potential for a combined seven bedrooms. The first unit has three bedrooms, hardwood flooring, and a kitchen with stainless steel appliances. The second occupies two floors and includes a granite kitchen, tile flooring, and potential for four bedrooms. Its upper level has a bedroom and full bathroom. A fenced yard and period details round out the property’s features.
The home is in Melrose, between the Cedar Park and Wyoming Hill commuter rail stops, with access to Route 1 and I-93. The property is zoned URB.
The home is in Melrose, between the Cedar Park and Wyoming Hill commuter rail stops, with access to Route 1 and I-93. The property is zoned URB.
Key Highlights
- Two units with potential for up to 7 bedrooms
- 3,072 square feet on a 0.12‑acre lot
- Built in 1906
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,005
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,300,100
$1.3M
Cap Rate 7%
$928,643
$928.6K
Cap Rate 9%
$722,278
$722.3K
Market Conditions
NOI Build-Up for 3,072 SF
Gross rent
$97.7K $31.80/SF
− Vacancy
−$4.8K −$1.57/SF
EGI
$92.9K $30.23/SF
− OpEx
−$27.9K −$9.07/SF
NOI
$65.0K $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%
$1,300,100
Cap Rate 7%
$928,643
Cap Rate 9%
$722,278
Alternative Uses
Best Use
Multifamily LT 5
$928.6K
$812.6K – $1.08M
NOI $65,005 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$873.2K
$764.0K – $1.02M
NOI $61,122 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,303 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,098
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
$796,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Middlesex County, MA
Properties on Market for Duplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer potential for multigenerational living or occupancy alongside rental use.
Where is this duplex located?
The property is located at 17 Linden Rd Melrose, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two units with potential for up to 7 bedrooms; 3,072 square feet on a 0.12‑acre lot; Built in 1906
