Two-Family Duplex with
35-37 Circuit St, Melrose, MA 02176
For Sale
New
$899,000
Residential Income, Melrose, MA
Property Size1,860 SF
Lot Size0.10 Acres
Price / SF$483.33
Days on Market3
Property Features for 35-37 Circuit St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
washer/dryer in basement
backyard
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Keller Williams Realty Evolution
(781) 395-5600
Listed By:
Keller Williams Realty Evolution
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 73601360
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,860-square-foot duplex, built in 1900, contains two residences on a 0.0998-acre lot. Both units have updated kitchens, refinished hardwood floors, and bathroom improvements. Separate heating systems and hot water heaters serve each unit, with individual washers and dryers located in the basement. Unit 1 has a Burnham steam boiler installed in November 2025; Unit 2 has a Burnham steam boiler installed in April 2020. The property is zoned URA.
Outdoor features include a spacious backyard and off-street parking for 5+ vehicles. The address is in downtown Melrose, near restaurants, shops, coffee houses, the Wyoming Hill Commuter Rail station, and MBTA bus lines. The listed Walk Score is 84, and the train ride to downtown Boston is described as 12 minutes.
Outdoor features include a spacious backyard and off-street parking for 5+ vehicles. The address is in downtown Melrose, near restaurants, shops, coffee houses, the Wyoming Hill Commuter Rail station, and MBTA bus lines. The listed Walk Score is 84, and the train ride to downtown Boston is described as 12 minutes.
Key Highlights
- Two residences in an 1,860‑square‑foot duplex
- 0.0998‑acre lot with a spacious backyard
- Off‑street parking for 5+ vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,358
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$787,160
$787.2K
Cap Rate 7%
$562,257
$562.3K
Cap Rate 9%
$437,311
$437.3K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$59.1K $31.80/SF
− Vacancy
−$2.9K −$1.57/SF
EGI
$56.2K $30.23/SF
− OpEx
−$16.9K −$9.07/SF
NOI
$39.4K $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%
$787,160
Cap Rate 7%
$562,257
Cap Rate 9%
$437,311
Alternative Uses
Best Use
Multifamily LT 5
$562.3K
$492.0K – $656.0K
NOI $39,358 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$528.7K
$462.6K – $616.8K
NOI $37,008 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$1.10M
$963.5K – $1.28M
NOI $77,078 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,333
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
$796,100
Median Home Value
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Market
Average Price Trend$/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 - Separate heating systems, hot water heaters, and utilities serve the two residences.
Where is this duplex located?
The property is located at 35-37 Circuit St Melrose, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two residences in an 1,860‑square‑foot duplex; 0.0998‑acre lot with a spacious backyard; Off‑street parking for 5+ vehicles
