174 Green St, Melrose MA 02176

Melrose, MA 02176
$2,250,000
$1,350,000
Est. $8,560/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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0.24
Acres
1954
Year Built
199
Days on Market
For Sale Price Drop -$900,000 Listed Mar 19, 2026 • MLS# 73489470 Copied! • Updated Sep 29, 2026

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About this home

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.

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Recently Sold Nearby

Property History

Market Insights

2
Price Changes
40%
Price Range

Property Timeline

↓
Price Reduced
Sep 15, 2026
$1,350,000 $149,000 (-9.94%)
From $1,499,000 to $1,350,000 (-9.9%)
↓
Price Reduced
Mar 27, 2026
$1,999,000 $251,000 (-11.16%)
From $2,250,000 to $1,999,000 (-11.2%)
🏠
Listed for Sale
Mar 20, 2026
$2,250,000
Original listing
Agent: Lento + Rivkind Real Estate Team Office: Coldwell Banker Realty - Boston

Tax History

Year Taxes Assessment
2026 $18,408 —

Financial Details

Annual Property Tax
$18,408
Tax Year 2026

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1954
Lot Size 0.24 acres
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Public Sewer

Financial

Annual Tax $18,408
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Buyers And Their Agents To Perform All Due Diligence Regarding Zoning, Permitting, And Specific Uses.
Possession None
Accepted Financing None
Structure Type []
Documents None
County Middlesex

Property Overview

Listing Type
For Sale
Year Built
1954

Floor Layout

Interior Features

Flooring:
Appliances:
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Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1954
Structure Type:
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Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
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Sewer:
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
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Parking & Garage

Parking Features:
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
E

Elementary Schools

3 schools
Early Childhood Center
0.1 mi
247 students Diverse
Grades PK-K
A+
Horace Mann School
0.3 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
A
Roosevelt School
0.6 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
M

Middle Schools

3 schools
A-
Melrose Middle School
0.4 mi | #89 of 352 | Score: 50.7
Improved 9 spots from last year
-7.5 below state avg
830 students Moderate
Grades 06-08
C+
Saugus Middle School
1.9 mi | #247 of 352 | Score: 36.4
Improved 64 spots from last year
-21.8 below state avg
612 students Diverse
Rising School Diverse Student Body
Grades 06-08
B+
Stoneham Central Middle School
2.3 mi | #129 of 352 | Score: 46.2
Dropped 30 spots from last year
-12 below state avg
678 students Moderate
Strong Attendance
Grades 05-08
H

High Schools

3 schools
A-
Stoneham High School
1.6 mi | #89 of 346 | Score: 61.7
Improved 39 spots from last year
+3.5 above state avg
598 students Moderate
17 sports • 1,334 athletes
Strong AP Program High Graduation Rate Rising School College Ready Curriculum
Grades 09-12
C
Saugus High School
1.9 mi | #265 of 346 | Score: 46.1
Improved 3 spots from last year
-12.1 below state avg
695 students Diverse
17 sports • 972 athletes
College Ready Curriculum Strong Athletics Diverse Student Body
Grades 09-12
A-
Wakefield Memorial High School
2.0 mi | #80 of 346 | Score: 63.2
Improved 15 spots from last year
+5 above state avg
871 students Moderate
18 sports • 1,930 athletes
High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
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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 $1,534
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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Payment Over Time

Interest
Principal
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

174 Green St, Melrose MA 02176

Melrose, MA 02176

Listing Information

Listing Agent Lento + Rivkind Real Estate Team
Listing Office Coldwell Banker Realty - Boston
Office Phone 617-266-4430
Agent MLS ID TM357624
Office MLS ID AN6192
Listing Data Updated Sep 29, 2026 9:07 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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Steve Novak Real Estate
Steve Novak Real Estate
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