262 1st St Melrose, MA 02176

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3 beds · 1 bath · 1,344 sq ft · Lot Size: 6,534 sq ft · Single Family Home · Melrose East Side
Est. Property Value: $700,674

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262 1st St is in the Melrose East Side neighborhood of Melrose, MA. It is located in Middlesex County and ZIP code 02176. This Single Family Home was built in 1930 and is approximately 95 years old. The single family home spans 1344 sq ft with 3 bedrooms and 1 bathroom and sits on a 6534 sq ft lot. According to public records, it was last sold in 2020. The Melrose East Side area of Melrose has 3 residential homes with an average size of 1845 sq ft. Analyze and compare real estate investment strategies for properties like this home at 262 1st St Melrose, MA 02176 with Property Intel by Whitepages.

262 1st St

Melrose, MA 02176

Owner Info

Owners & Occupancy for 262 1st St

This property is owned by T Saint St Armand. Owner contact information includes 9 phone numbers and 5 email addresses.

Property Owners

Cell Phone(315) ***-****View Cell Phone
Residence***********
Landline(978) 459-6846
Distance from Property**********
Email Address******@gmail.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1************* age 53
Resident 2***************** age 56

Property Financials for 262 1st St

262 1st St, Melrose, MA has no known mortgage. Middlesex county annual taxes are $7,888.

Property Tax

Purchase DateMay 21, 2020
Property Tax Amount$7,888 in 2025

Investment Potential for 262 1st St

The property has a current estimated value of $700,674, which is 25% above the neighborhood median, based on public records. It last sold on May 21, 2020. Projected long-term
is $45,000 annually ($3,750 per month) with a 96% occupancy rate.

Discover more Single Family Homes in Melrose East Side.

Long-Term

Gross Rental
$45,000 per year($3,750 per month)
Net Operating Income
Cap Rate
Occupancy Rate
96%in 02176 zip code
 
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Property Details for 262 1st St

Property Details

Property Sq Ft

Living Area

1,344 sq ft

27% below market

Lot Size

6,534 sq ft

67% above market

Price Per Sq Ft

Living Area

$521 / sq ft

68% above market

Lot Size Area

$107 / sq ft

20% below market

Property condition, age, exterior, etc. for 262 1st St…
Longitude: -71.048612 Latitude: 42.457924 Parcel Number (APN): MELR-000008F-000000-000088…

Recommended Properties in Melrose East Side

Discover more single family homes near 262 1st St in Melrose, Massachusetts. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 262 1st St in Middlesex County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$700,674
$553,061
$147,613 (27%)
$770,357
$220,721 (29%)
YoY Price Change
1.99%
-170%
Year Built
1930
1962
-32 years
Living Space
1,344 sq ft
1,570 sq ft
-226 (-14%)
$ Per Living Sq Ft
$521
$347
$174 (50%)
Lot Size
6,534 sq ft
15,246 sq ft
-8712 (-57%)
$ Per Lot Sq Ft
$107
$34
$73 (212%)

Net Operating Income
$28,945
-$2,939 (-10%)
Annual Revenue
$45,000
$44,400
$600 (1%)
$15,932
$3,062 (19%)
Net Operating Income
$28,945
-$2,939 (-10%)
Cap Rate
5.27%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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