131 Altamont Ave, Melrose MA 02176
Melrose, MA 02176
$999,000
Est. $6,127/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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Open House Schedule
20
Sep
Sunday, September 20
11:00 AM - 12:30 PM EDT
19
Sep
Saturday, September 19
11:00 AM - 12:30 PM EDT
About this home
Two-family home at 131 Altamont Ave in Melrose, Massachusetts, offering 6 bedrooms, 2 bathrooms, and 2,800+ square feet across two units with great bones and strong renovation potential. Each unit features its own separate systems, hardwood flooring throughout most of the home, and high ceilings that add volume and light to both living spaces. Every unit also includes its own private deck, providing separate outdoor space for both households. Two separate driveways offer off-street parking for up to two cars per unit — a valuable feature in Melrose. The home needs updating throughout, making it well-suited for an owner-occupant or investor looking to build equity through renovation. Located on a street surrounded by luxury single-family homes in one of Melrose's most desirable neighborhoods, this 2,800+ square-foot two-family sits in a thriving Massachusetts market with strong long-term upside. A rare opportunity to reimagine 6 bedrooms and 2 baths across two units in a premier Melrose location.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 17, 2026
$999,000
Original listing
Agent: The Bill Butler Group
Office: Leading Edge Real Estate
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/17/2026 | 🏠 Listed for Sale | $999,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $10,502 | $915,600 |
Financial Details
Annual Property Tax
$10,502
Tax Year 2026
Assessed Value
$915,600
Facts & Features
Home Facts
Type
Residential Income
Style
2 Family - 2 Units Up/Down
Year Built
1884
Living Area
2,864 sq ft
Lot Size
0.27 acres
Stories
2
Bedrooms
6
Full Baths
2
Total Rooms
11
Investment Metrics
Units
2
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Interior
Heating
Forced Air, Electric, Oil
Cooling
Window Unit(s)
Flooring
Wood, Carpet, Hardwood
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Unfinished
Laundry
Washer & Dryer Hookup
Features
Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Laundry Room
Exterior
Construction
Frame
Architecture
None
Roof
Asphalt/composition Shingles
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck - Wood
Parking
Features
Paved Drive, Off Street, Deeded, Paved
Total Spaces
4
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, For Electric Oven
Financial
Annual Tax
$10,502
Assessed Value
$915,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Blue
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Property Overview
Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1884
Bedrooms
6
Full Bathrooms
2
Living Area
2,864 sq ft
Total Rooms
11
Stories
2
Levels
2
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,864 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck - Wood
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Carpet, Hardwood
Appliances:
Range, Refrigerator
Interior Features:
Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Laundry Room
Windows:
Basement:
Full, Unfinished
Laundry:
Washer & Dryer Hookup
Security:
Construction & Materials
Year Built:
1884
Structure Type:
Exterior Materials:
Frame
Roof:
Asphalt/Composition Shingles
Foundation:
Stone
Stories:
2
Heating, Cooling & Utilities
Heating:
Forced Air, Electric, Oil
Heating Zones:
4
Cooling:
Window Unit(s)
Hot Water:
Oil
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Deck - Wood
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Total Parking Spaces:
4
Parking Features:
Paved Drive, Off Street, Deeded, Paved
Nearby Schools
School District
Melrose School District local
A
School Safety
2024-25
0.6%
Low
0.4%
Suspensions
0.4%
In-School
0.2%
Emergency
4.9% below state avg
Elementary Schools
7 schools
St. Mary Elementary School
1.5 mi
Grades PK-08
A+
Winthrop School
0.7 mi
|
#79 of 825
|
Score: 60.3
Improved 11 spots from last year
+2.1 above state avg
372 students
Less Diverse
Strong Attendance
Grades K-05
A-
Herbert Clark Hoover School
0.9 mi
|
#204 of 825
|
Score: 54.6
Dropped 74 spots from last year
-3.6 below state avg
266 students
Moderate
Strong Attendance
Grades K-05
A+
Horace Mann School
1.1 mi
|
#74 of 825
|
Score: 60.6
Dropped 68 spots from last year
+2.3 above state avg
258 students
Moderate
Strong Attendance
Grades K-05
Early Childhood Center
1.3 mi
247 students
Diverse
Grades PK-K
A
Roosevelt School
1.7 mi
|
#107 of 825
|
Score: 58.8
Improved 117 spots from last year
+0.6 above state avg
366 students
Moderate
Rising School
Strong Attendance
Grades K-05
A-
Lincoln School
1.7 mi
|
#205 of 825
|
Score: 54.6
Improved 119 spots from last year
-3.6 below state avg
387 students
Diverse
Rising School
Diverse Student Body
Strong Attendance
Grades K-05
Middle Schools
1 school
A-
Melrose Middle School
1.5 mi
|
#89 of 352
|
Score: 50.7
Improved 9 spots from last year
-7.5 below state avg
830 students
Moderate
Grades 06-08
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$875
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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$0
Total interest paid
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Rate Impact
-0.5% Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
131 Altamont Ave, Melrose MA 02176
Melrose, MA 02176
Listing Information
Listing Agent
The Bill Butler Group
Listing Office
Leading Edge Real Estate
Office Phone
781-979-0100
Agent MLS ID
TM327053
Office MLS ID
AN4646
Listing Data Updated
Sep 17, 2026 4:11 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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