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Active

283 Melrose Street, Newton MA 02466

$16,500,000

Estimated $101,668/month Calculator

Land

Residential

43,783 (1.01)

Rare Buy-Right Opportunity - Set in the heart of Auburndale Village, 283 Melrose Ave offers approximately 43,783 ± sq ft of VC2-zoned land steps to village shops and a short distance to the Commuter Rail. The newly created VC2 district is designed to encourage housing and mixed-use density in Newton’s village centers - making this one of the rare, well-located sites positioned to capitalize on that vision. The property presents multiple paths for value creation, including the potential to sub-divide the lot and pursue multiple buildings up to 3.5 stories with tight setbacks. With two existing condemned structures on site, the offering is being marketed as land for redevelopment. This is a unique opportunity to deliver much-needed residential or mixed-use product in a walkable, transit-served location - an ideal canvas for modern village-center living. More details are available.

This home has been viewed 6 times

Last Checked: March 17th, 2026 at 5:53pm (Source: MLS PIN #73487468)

General Information for 283 Melrose Street, Newton MA 02466

Listing ID73487468

Price16500000

Land TypeResidential

Approx AcresApprox. 1.01 acres (43,783 SqFt)

Number of Lots

Road Frontage Type

ZoningVC2 or MR1

Electric220 Volts

GasAt Street

WaterPublic

SewerPublic Sewer

PERC Test

Association Required

Association Fee

Lot FeaturesGentle Sloping

Waterfront0

Waterfront FeaturesRiver

View

Disclosures for 283 Melrose Street, Newton MA 02466

Special Listing Conditions

Financial Information for 283 Melrose Street, Newton MA 02466

Association Fee

Tax0

Tax Year2025

Assessed Value$2,669,900

Contact Information for 283 Melrose Street, Newton MA 02466

Agent

Name: Ward Shifman

Office

Name: Coldwell Banker Realty - Newton

Phone: 617-969-2447

Payment Calculator

, Interest

Property Taxes 0

Principal & Interest 101667.75

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Newton

Ward Shifman

Agent Phone

Office Phone

(617) 969-2447

Text Agent Call Agent Call Office

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EXIT

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