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71-73 Grove St, Melrose MA 02176

Melrose, MA 02176
$1,499,000
Est. $8,327/month
0.13
Acres
4
Days on Market
Active Listed Feb 20, 2026 • MLS# 73479049 Copied!

About this home

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.

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Property Overview

Listing Type
Land

Facts & Features

Home Facts

Type Land
Lot Size 0.13 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing Fenced
Patio/Porch None

Parking

Features None

Utilities

Electric On-site
Water Public, On-site
Sewer Public Sewer, On-site
Gas On-site
Other None

Financial

Annual Tax $6,571
Assessed Value $663,700

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public, On-Site
Sewer: Public Sewer, On-Site
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing: Fenced
Other Structures:
Lot Features: Level, Curbs & Gutters, Storm Drains, Sidewalks
Road Frontage: 66.00 ft
Road Surface: Paved

Parking & Garage

Parking Features:

Location

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Neighborhood

71-73 Grove St, Melrose MA 02176

Melrose, MA 02176

Walkability

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Nearby Schools

School District
Melrose School District local
A
✓ School Safety 2024-25
0.6% Low
0.4% Suspensions 0.4% In-School 0.2% Emergency
↓ 4.9% below state avg
E

Elementary Schools

3 schools
St. Mary Elementary School
0.1 mi
Grades PK-08
A
Lincoln School
0.3 mi | #130 of 824 | Score: 57.6
Improved 194 spots from last year
-0.6 below state avg
404 students Diverse
Rising School
Grades K-05
A
Winthrop School
0.8 mi | #89 of 824 | Score: 59.8
Improved 1 spots from last year
+1.6 above state avg
392 students Less Diverse
Strong Attendance
Grades K-05
M

Middle Schools

1 school
A-
Melrose Middle School
0.8 mi | #92 of 352 | Score: 50.4
Improved 6 spots from last year
-7.8 below state avg
886 students Moderate
Grades 06-08
H

High Schools

2 schools
A-
Stoneham High School
1.8 mi | #91 of 346 | Score: 61.0
Improved 37 spots from last year
+2.8 above state avg
599 students Moderate
17 sports • 1,334 athletes
High Graduation Rate Rising School College Ready Curriculum Strong Athletics
Grades 09-12
C+
Malden High School
1.8 mi | #226 of 346 | Score: 48.9
Improved 72 spots from last year
-9.3 below state avg
1,890 students Very Diverse
14 sports • 856 athletes
Early College Program Rising School Diverse Student Body
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $548
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Feb 20, 2026
$1,499,000
Original listing
Office: Thread Real Estate, LLC

Price & Status History

Date Event Price Change
Feb 20, 2026 New Listing Added $1,499,000 —

Market Statistics

Days on Market
4 days
Price per Sq Ft
$—

Tax History

Year Taxes Assessment
2025 $6,571 $663,700

Financial Details

Annual Property Tax
$6,571
Tax Year 2025
Assessed Value
$663,700

Listing Information

Listing Agent Neal Ryan
Listing Office Thread Real Estate, LLC
Agent MLS ID B9500917
Office MLS ID BB5675
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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