Melrose, MA
3 Beds
1 Bath
Available: Now
*
Rent prices for units in luxury buildings change frequently subject to floor level, view, floor plan, and market conditions. Call for latest pricing.
$2,900/mo
Heat Included

Property Description

This corner lot multi-family rental unit has been completely updated! If you're looking for a fabulous location that is close to everything don't miss your chance to live here! This two-floor unit is located on the 2nd and 3rd flr and offers a bright 2nd flr bedroom, large living room and dining room, and an updated kitchen plus full bath! The 3rd flr has the additional two bedrooms. Laundry and extra storage are located in the shared basement. The shared backyard is fenced in for privacy and you could recreate the cozy retreat the homeowner has enjoyed! This unit comes with 1 garage spot and one driveway spot. Bus and train are both a short walk and Orange line / Oak Gove is about 1 mile. Call to schedule your showing

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Price Comparison

This apartment is equal to the average price of $2,900 for 3 bedroom apartments in Melrose. The unit includes some utilities. If you consider the cost of paying for these utilities separately, you may find that having them included in the rent saves you money. With the other amenities this apartment offers, it is a great find that will rent quickly. Contact us today before this great unit is rented!

Average Rent Prices for 3 Bedroom Apartments in Melrose

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:
$116,000 - $139,200
You + 2 Roommates, Each:
$38,667 - $46,400
A range of 25-30% is usually the recommended amount of household or combined gross income to spend on rent. This is also what many landlords are looking for in a prospective tenant, a group of roommates, or their cosigner(s). Remember, this is just a suggestion and does not take into account any other expenses you may have.

Rent Calculator

How much do you (or your cosigner) earn each year before taxes?

High Range

35% of Gross Income

$4,060

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Mid Range

25% of Gross Income

$2,900

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Low Range

15% of Gross Income

$1,740

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Have You Considered Buying Your Own Home?

Instead of paying $2,900/mo in rent, these homes may have a similar monthly mortgage.

This is an estimate based on a 30-year fixed-rate mortgage at 6.3% interest, 20% down payment, $120/mo homeowners insurance, and the average $10.90 property tax rate in the Boston area. Actual interest rates, property taxes, and homeowners insurance will vary. Does not include additional expenses or fees such as closing costs, PMI, or HOA fees. Buyers must complete their own due diligence based on current market conditions.

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