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71-73 Grove St, Melrose MA 02176

$1,499,000

Estimated $9,783.94/month Calculator

Land

Residential

5,768 SqFt (0.13 acres)

Melrose Redevelopment Potential! Close to downtown! Zoning states a Special Permit is needed to tear down and rebuild a mixed use building. (Variance not required unless developer chooses that path) A zoning analysis and parking layout shows you can fit 10-12 parking spots. Current FAR (2.0) allows up to 11,500sf building. Zoning also states a possibly bigger building (FAR 3.5/up to 20,000sf) and reduced/substitute parking with 1 &/or 2 additional Special Permits. See Melrose zoning codes 235-8.2 "Density Incentives Allowed in BA-1 and BA-2 Districts". Currently a 3 family. Bus and commuter rail stops are both within a few minutes walk. Routes 1, 93 and the Subway are all about a 5 min drive. Agent/Seller makes no representations. All due diligence is the buyer's responsibility.

This home has been viewed 13 times

Last Checked: February 22nd, 2026 at 6:03am (Source: MLS PIN #73479049)

General Information for 71-73 Grove St, Melrose MA 02176

Listing ID73479049

Price$1,499,000

Land TypeResidential

Approx AcresApprox. 0.13 acres (5,768 SqFt)

Number of Lots

Approximate Street Frontage66.00

Road Frontage Type

ZoningBA1

ElectricOn-site

GasOn-Site

WaterPublic,on-site

SewerPublic Sewer,on-site

Cultivation AcresNone

Pasture AcresNone

Timber AcresNone

PERC Test

PERC Test DateUnknown

AssociationNo

Association Required

Association Fee$0

Lot FeaturesLevel, Curbs & Gutters, Storm Drains, Sidewalks

WaterfrontNo

Waterfront Features

View

Disclosures for 71-73 Grove St, Melrose MA 02176

DEQE/DEP#

Senior CommunityNo

Disclosures

Special Listing Conditions

For Sale By OwnerNo

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Financial Information for 71-73 Grove St, Melrose MA 02176

AssociationNo

Association Fee$0

Tax$6,571

Tax Year2025

Assessed Value$663,700

Contact Information for 71-73 Grove St, Melrose MA 02176

Agent

Name: Neal Ryan

Office

Name: Thread Real Estate, LLC

Phone: 781-728-9689

Payment Calculator

, Interest

Property Taxes 547.58

Principal & Interest 9236.36

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Thread Real Estate, LLC

Neal Ryan

Agent Phone

Office Phone

(781) 728-9689

Text Agent Call Agent Call Office

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EXIT