174 Green St, Melrose MA 02176
Melrose, MA 02176
$2,250,000
$1,499,000
Est. $9,314/month
About this home
Prime commercial opportunity at 174 Green Street offering immediate utility for owner-occupants and exceptional upside for developers. Situated on a highly visible 0.24-acre (10,454 sq. ft.) lot with steady daily traffic, the versatile, approximately 7,000 sq/ft commercial building is equipped with phase 3 power ready for business use. For developers, this site is a high-yield candidate for a mixed-use commercial and residential build with BA1 zoning. The location offers unbeatable transit access with close proximity to the Melrose Highlands Commuter Rail, Oak Grove (Orange Line), and vibrant downtown Melrose. Capitalize on a rare footprint with multiple paths to ROI in a high-demand market. Buyers and their agents to perform all due diligence regarding zoning, permitting, and specific uses.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
11.2%
Price Range
Property Timeline
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
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 03/27/2026 | ↓ Price Reduced | $1,999,000 | $251,000 | - | From $2,250,000 to $1,999,000 (-11.2%) |
| 03/20/2026 | 🏠 Listed for Sale | $2,250,000 | - | - | Original listing |
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
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Public Sewer
Financial
Annual Tax
$18,408
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Buyers And Their Agents To Perform All Due Diligence Regarding Zoning, Permitting, And Specific Uses.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Middlesex
Property Overview
Listing Type
Commercial Sale
Year Built
1954
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
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:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1954
Structure Type:
Exterior Materials:
Roof:
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
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
3 schools
Early Childhood Center
0.1 mi
246 students
Moderate
Grades PK-K
A+
Horace Mann School
0.3 mi
|
#79 of 824
|
Score: 60.5
Dropped 73 spots from last year
+2.3 above state avg
254 students
Less Diverse
Strong Attendance
Grades K-05
A
Roosevelt School
0.6 mi
|
#124 of 824
|
Score: 57.9
Improved 100 spots from last year
-0.4 below state avg
406 students
Moderate
Rising School
Strong Attendance
Grades K-05
Middle Schools
3 schools
A-
Melrose Middle School
0.4 mi
|
#92 of 352
|
Score: 50.4
Improved 6 spots from last year
-7.8 below state avg
886 students
Moderate
Grades 06-08
C+
Saugus Middle School
1.9 mi
|
#248 of 352
|
Score: 36.3
Improved 63 spots from last year
-21.9 below state avg
616 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
B+
Stoneham Central Middle School
2.3 mi
|
#132 of 352
|
Score: 46.3
Dropped 33 spots from last year
-11.9 below state avg
689 students
Moderate
Grades 05-08
High Schools
3 schools
A-
Stoneham High School
1.6 mi
|
#91 of 346
|
Score: 61.0
Improved 37 spots from last year
+2.8 above state avg
599 students
Moderate
17 sports
• 1,334 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Strong Athletics
Grades 09-12
C
Saugus High School
1.9 mi
|
#260 of 346
|
Score: 45.6
Improved 8 spots from last year
-12.6 below state avg
744 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
|
#79 of 346
|
Score: 62.6
Improved 16 spots from last year
+4.4 above state avg
854 students
Moderate
18 sports
• 1,930 athletes
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$1,534
Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Rate Impact
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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
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
Jul 19, 2026 3:06 AM 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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