Active
67 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.

Key facts

It was listed on July 29, 2026. The price has come down from an original $1,499,000 to $1,350,000, most recently on September 10, 2026. The annual property taxes are $18,408 (2026 tax year). It sits on a 0.23-acre lot.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$193/sqft
Local Avg (Melrose)$445/sqft
57% 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
$1,350,000

Mar 19, 2026

MLS® 73489470

Questions about this home

When was 174 Green St, Melrose listed?

174 Green St, Melrose was listed on July 29, 2026.

Has the price of 174 Green St, Melrose changed?

The price has come down from an original $1,499,000 to $1,350,000, most recently on September 10, 2026.

What are the property taxes for 174 Green St, Melrose?

The annual property taxes for 174 Green St, Melrose are $18,408 (2026 tax year).

How big is the lot at 174 Green St, Melrose?

174 Green St, Melrose sits on a 0.23-acre lot.

What is the status of 174 Green St, Melrose?

174 Green St, Melrose is actively listed for sale.

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