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INVESTMENT SNAPSHOT
About this property
Prime development opportunity at 174 Green Street in Melrose. Situated on a highly visible 0.24-acre (10,454 sq. ft.) lot with steady daily traffic, this versatile site offers a high-yield footprint for a high-density residential build featuring a street-level retail component. Flexible BA1 zoning provides a clear pathway to maximize residential square footage while capturing ground-floor commercial value. The existing ~7,000 sq. ft. structure offers immediate utility or short-term cash flow while navigating entitlements. Unbeatable transit-oriented location moments from the Melrose Highlands Commuter Rail, Oak Grove (Orange Line), and vibrant downtown Melrose guarantees strong demand for future residential units and retail tenants alike. Capitalize on a rare, scalable parcel in a premier suburban market. Buyers and their agents to perform all due diligence regarding zoning, permitting, density, and specific allowable uses.
Property details
| Units | 1 |
| Living area | 7,000 sqft |
| Lot size | 9,999 sqft |
| Year built | 9999 |
| Price / sqft | $214 |
| County | Middlesex |
| MLS # | 73556751 |
Listing status
| Days on market | 4 days |
| Listed on | July 29, 2026 |
Taxes & financials
| Annual property tax | $18,408 |
| Tax year | 2026 |
| Assessed value | $9,999 |
| Zoning | BA1 |
| Total actual rent | $0/mo |
Building & lot
| Stories | 2 |
| Total rooms | 1 |
| Lot size | 0.23 acres |
| Garage spaces | 1 |
| Parking spaces | 1 |
| Foundation | Other |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Melrose →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 174 Green St, Melrose MA 02176 have?
It is a 1-unit multi-family property with 7,000 sqft of living area, built in 9999.
How long has 174 Green St, Melrose MA 02176 been on the market?
174 Green St, Melrose MA 02176 has been listed for 4 days (since July 29, 2026).
What is the price per unit?
At a list price of $1,499,000 across 1 units, that works out to roughly $1,499,000 per unit.
What are the property taxes on 174 Green St, Melrose MA 02176?
Annual property taxes are $18,408 (2026), on an assessed value of $9,999.
What is the price per square foot?
At $1,499,000 for 7,000 sqft, that's about $214 per square foot.
Is there parking?
1 garage space and 1 total parking space.
Where is this property located?
174 Green St, Melrose MA 02176 is in Melrose, Middlesex County, MA 02176.
