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.
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Last Checked: October 20th, 2026 at 6:13pm (Source: MLS PIN #73556751)
Gross Income: $0
Gross Expenses: $18,408
Net Income Calc: $18,408
Annual Expenses for 174 Green St, Melrose MA 02176
Total Gross Expenses (Calculated)$18,408/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax18408
Annual Income & Unit Breakdown for 174 Green St, Melrose MA 02176
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms0
Bathrooms
Floor0
Levels in Unit0
Rent Includes
General Information for 174 Green St, Melrose MA 02176
Listing ID73556751
Property TypeMulti Family / 5+ Family
Price1350000 ($192.86/SqFt)
Style5-9 Family
CityMelrose
CountyMiddlesex
Neighborhood(s)
Approximate Living Area Total7000
Approximate Lot Size (Acres)0.23
Total Parking2 (1 Garage)
Garage Parking1
Year Built9999
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningBA1
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 174 Green St, Melrose MA 02176
Lead PaintNone
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourceOther
ExclusionsWine Refrigerator
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 174 Green St, Melrose MA 02176
Real Estate Taxes18408
Tax Year2026
Assessed Value$9,999
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 174 Green St, Melrose MA 02176
Neighborhood(s)
Area Amenities
Contact Information for 174 Green St, Melrose MA 02176