Active
50 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

Investment Analysis — 174 Green St

Melrose, MA 02176

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, an estimated 5-unit multi-family in 02176 carries an estimated $11,850/mo in gross rent — about a 6.64% cap rate and $89,664/yr in estimated NOI at the $1,350,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

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.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

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
$1,499,000

Mar 19, 2026

MLS® 73489470

Listing Provided By

Listing Agent: Lento + Rivkind Real Estate Team

Listing Office: Coldwell Banker Realty - Boston

MLS® Number: 73556751