174 Green St Melrose — Photo 1 of 39
Recent Drop: $149,000
$1,350,000
Investment Analysis — 174 Green St
Melrose, MA 02176
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, an estimated 5-unit multi-family in 02176 carries an estimated $11,850/mo in gross rent — about a 6.64% cap rate and $89,664/yr in estimated NOI at the $1,350,000 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
1.5
SqFt
7,000
Style
5-9 Family
Built
9999
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.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Property History
$1,350,000
Was $1,499,000
Sep 10, 2026
MLS® 73556751
$1,499,000
Jul 29, 2026
MLS® 73556751
$1,499,000
Mar 19, 2026
MLS® 73489470
Listing Agent: Lento + Rivkind Real Estate Team
Listing Office: Coldwell Banker Realty - Boston
MLS® Number: 73556751
