Two-Unit Duplex with
For Sale
$849,000
28-30 Crescent Ave, Melrose, MA 02176
Two separate residences offer kitchens, living areas, bedrooms, and a shared outdoor setting.
Property Size2,472 SF
Days on Market50
Property Features for 28-30 Crescent Ave
General Information
Standard status
Active
Size
2,472 SF
Total Parking Spaces
6
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,422
Building Details
Building Size
2,472 SF
Year Built
1910
Listing Agency:
Berkshire Hathaway HomeServices Verani Realty
Listed By:
Charlotte Marrocco-Mohler
(617) 216-8003
Source:
Classifiedrealtygroup
Added: Aug 26
Changed: Oct 6
Last Checked: Oct 12 at 5:12PM
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 Berkshire Hathaway HomeServices Verani Realty
Investment Insights
Based on property information with market context.
This 2,472-square-foot duplex, built in 1910, contains two residential units with a combined total of 4 bedrooms and 2 bathrooms. The first-floor residence includes a kitchen, living room, and bedrooms, while the upper unit provides its own kitchen, living/dining area, and bedrooms. The layout supports separate household living within one multifamily property.
A long driveway provides parking for 6 vehicles, and the property includes a spacious backyard for outdoor use. Located at 28-30 Crescent Avenue in Melrose, MA 02176, the property offers a two-family configuration in a residential setting.
A long driveway provides parking for 6 vehicles, and the property includes a spacious backyard for outdoor use. Located at 28-30 Crescent Avenue in Melrose, MA 02176, the property offers a two-family configuration in a residential setting.
Key Highlights
- Two‑unit duplex with 2,472 square feet of total property size
- Combined layout includes 4 bedrooms and 2 bathrooms
- First‑floor unit has a kitchen, living room, and bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,308
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,160
$1.0M
Cap Rate 7%
$747,257
$747.3K
Cap Rate 9%
$581,200
$581.2K
Market Conditions
NOI Build-Up for 2,472 SF
Gross rent
$78.6K $31.80/SF
− Vacancy
−$3.9K −$1.57/SF
EGI
$74.7K $30.23/SF
− OpEx
−$22.4K −$9.07/SF
NOI
$52.3K $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%
$1,046,160
Cap Rate 7%
$747,257
Cap Rate 9%
$581,200
Alternative Uses
Best Use
Multifamily LT 5
$747.3K
$653.9K – $871.8K
NOI $52,308 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$702.6K
$614.8K – $819.7K
NOI $49,184 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,439 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
917
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer kitchens, living areas, bedrooms, and a shared outdoor setting.
Where is this duplex located?
The property is located at 28-30 Crescent Ave Melrose, MA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,472 square feet of total property size; Combined layout includes 4 bedrooms and 2 bathrooms; First‑floor unit has a kitchen, living room, and bedrooms
