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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

Tax Information

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

Parking

  • Covered Spaces 1
  • Garage YN Yes
  • Parking Spaces1

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 1.5
  • Half Baths3

Basic Information

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

Location

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

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

Property

  • Acreage0.23

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

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

Legal

  • ZoningBA1

Other

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

Map Location

Driving Directions

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

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