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Prime development opportunity at 174 Green Street in Melrose. Situated on a highly visible 0.24-acre (10,454 sq. ft.) lot with steady daily traffic, this versatile site offers a high-yield footprint for a high-density residential build featuring a street-level retail component. Flexible BA1 zoning provides a clear pathway to maximize residential square footage while capturing ground-floor commercial value. The existing ~7,000 sq. ft. structure offers immediate utility or short-term cash flow while navigating entitlements. Unbeatable transit-oriented location moments from the Melrose Highlands Commuter Rail, Oak Grove (Orange Line), and vibrant downtown Melrose guarantees strong demand for future residential units and retail tenants alike. Capitalize on a rare, scalable parcel in a premier suburban market. Buyers and their agents to perform all due diligence regarding zoning, permitting, density, and specific allowable uses.

More Info

Basic Information

  • Lot Features Other
  • Mls StatusNew
  • Parcel Number M:D11 P:000064A,659456

Location

  • Address174 Green Street
  • Building Number174
  • CountyMiddlesex
  • StateMA
  • StreetGreen Street
  • TownMelrose
  • Zip02176

Property Information

  • Building Area Source Other
  • Living Area 7,000
  • Lot Size Square Feet 9,999
  • Lot Size Units Acres
  • Square Feet7,000

Tax Information

  • Tax Assessed Value $9,999
  • Tax Year 2026
  • Taxes$18,408

Basic Information

  • List Price$1,499,000
  • MLS Number73556751
  • Modification Date07/29/2026
  • Property SubType5-9 Family

Property

  • Acreage0.23

Utilities

  • Sewer Public Sewer
  • Water Source Public

Other

  • Date Listed07/29/2026
  • Farm Land Area Units Square Feet

Parking

  • Covered Spaces 1
  • Garage YN Yes
  • Parking Spaces1

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 1.5
  • Half Baths3

Building

  • Building Area Units Square Feet
  • FoundationOther
  • Garage Spaces1
  • Levels 2
  • Rooms1
  • Stories2
  • Units1
  • Year Built9999
  • Year Built Details Approximate
  • Year Built Source Public Records

Map Location

Listed by Lento + Rivkind Real Estate Team of Coldwell Banker Realty - Boston

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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