45 W Foster St, Melrose MA 02176
Melrose, MA 02176
$1,800,000
Est. $10,635/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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About this home
A rare downtown Melrose opportunity. 45 West Foster Street is a freestanding, single-story commercial building positioned in one of the most visible and active locations in the heart of downtown Melrose. Offered to the market for the first time in approximately 40 years, the property sits directly along West Foster Street and within the Main Municipal Parking Lot, surrounded by established downtown destinations including Shaw’s, CVS, Turner’s Seafood, Bruegger’s Bagels and Caffè Nero.Featuring an open, single-unit floor plan, outstanding visibility, exceptional access to municipal parking and flexible **BA-1 zoning**, the property offers tremendous potential for a wide variety of commercial users, owner-occupants and investors. Opportunities with this combination of location, visibility, parking and downtown positioning are exceptionally difficult to find in Melrose.45 West Foster Street is a truly unique offering in the downtown market. Offers due October 15, 2026
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Oct 1, 2026
$1,800,000
Original listing
Agent: Jason Madden
Office: Pondfield Commercial Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/01/2026 | 🏠 Listed for Sale | $1,800,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $15,993 | — |
Financial Details
Annual Property Tax
$15,993
Tax Year 2026
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1953
Living Area
4,150 sq ft
Lot Size
0.10 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, Natural Gas Available, Three Phase
Financial
Annual Tax
$15,993
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Offers Due 10/15/2026
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Middlesex
Property Overview
Listing Type
For Sale
Year Built
1953
Living Area
4,150 sq ft
Floor Layout
Interactive room guide
Floor Layout
Display Options
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:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1953
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
7 schools
St. Mary Elementary School
0.2 mi
Grades PK-08
A-
Lincoln School
0.4 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
A+
Winthrop School
0.8 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
Roosevelt School
0.8 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
Early Childhood Center
0.8 mi
247 students
Diverse
Grades PK-K
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
Middle Schools
1 school
A-
Melrose Middle School
0.6 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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Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
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Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,333
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
-0.5% Rate
$0/mo
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Current Rate
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+0.5% Rate
$0/mo
Cost $0/mo
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
45 W Foster St, Melrose MA 02176
Melrose, MA 02176
Listing Information
Listing Agent
Jason Madden
Listing Office
Pondfield Commercial Group
Office Phone
781-662-1700
Agent MLS ID
BB802512
Office MLS ID
AN2193
Listing Data Updated
Sep 30, 2026 9:49 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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