Active
49 Days on market
174 Green St Melrose — Photo 1 of 39

174 Green St Melrose — Photo 1 of 39

Recent Drop: $149,000

$1,499,000
$1,350,000

$1,350,000

174 Green St, Melrose, MA 02176

Melrose, MA 02176

Beds

--

Baths

1.5

SqFt

7,000

Style

5-9 Family

Built

9999

Rare opportunity in Melrose offering flexibility for investors, developers and owner-users alike. 174 Green Street features a substantial existing building of approximately 7,000 sq. ft. on a prominent BA1-zoned parcel, creating multiple possibilities for both immediate use and future redevelopment. The existing building offers significant usable space and three-phase power, while the site's zoning and location may provide compelling potential for a mixed-use residential and commercial concept. Conveniently positioned near downtown Melrose, the Melrose Highlands Commuter Rail and access to Oak Grove and Boston, the property combines visibility, accessibility and long-term upside in one of Greater Boston's most desirable communities. An increasingly rare opportunity to acquire a sizable, versatile property in Melrose at a newly improved price. Buyers and buyers' agents to perform their own due diligence regarding zoning, permitting and intended use.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$193/sqft
Local Avg (Melrose)$489/sqft
61% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Melrose, MA.

Property Details

Financials

Original Price$1,499,000
Annual Taxes$18,408

Parking

Garage1
Off-Street1

Interior Specifications

Total Rooms1
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationOther
ZoningBA1

Property & Lot

Acres0.23
SqFt Lot9,999
Lot FeaturesOther

Geography

Property History

Price Drop
$1,350,000

Was $1,499,000

Sep 10, 2026

MLS® 73556751

Listed
$1,499,000

Jul 29, 2026

MLS® 73556751

Listed
$1,499,000

Mar 19, 2026

MLS® 73489470

Population

29,650

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$134K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

32.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Lento + Rivkind Real Estate Team

Listing Office: Coldwell Banker Realty - Boston

MLS® Number: 73556751

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