2

Melrose, MA Land & Home Lots for Sale

Section Image
  • 71-73 Grove St, Melrose, MA 02176
    71-73 Grove St, Melrose, MA 02176
    71-73 Grove St, Melrose, MA 02176
    /6

    $1,499,000

    • Land
    • 0.13 Acre
    • $11,530,769 per Acre

    71-73 Grove St, Melrose, MA 02176

    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

    Neal Ryan Thread Real Estate, LLC

    71-73 Grove St, Melrose, MA 02176
  • 1 Mill Rd, Melrose, MA 02176
    1 Mill Rd, Melrose, MA 02176
    /2

    $299,900

    • Land
    • 3.51 Acres
    • $85,442 per Acre

    1 Mill Rd, Melrose, MA 02176

    Full survey and wetland delineation available! Live your dream and imagine the potential! 1 Mill Rd is a 3 1/2 acre parcel that is looking for its next owner to give it new life. Located in a private area that feels more like New Hampshire than Melrose this property could be the cornerstone of a single grand estate or do your own due diligence on alternate uses.

    Kristin Weekley Leading Edge Real Estate

    1 Mill Rd, Melrose, MA 02176
Massachusetts Middlesex County Melrose

Land & Lots for Sale in Melrose, MA

Home Trends in Melrose, MA

On average, homes in Melrose, MA sell after 17 days on the market compared to the national average of 55 days. The median sale price for homes in Melrose, MA over the last 12 months is $880,000, up 10% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$880,000
Median Single Family Sale Price
$970,000
Median Townhouse Sale Price
$1,100,000
Median 2 Bedroom Sale Price
$552,500
Median 1 Bedroom Sale Price
$381,000
Average Price Per Sq Ft
$496
Number of Homes for Sale
17
Last 12 months Home Sales
269
Months of Supply
0.80
Median List Price
$830,000
Median Change From 1st List Price
-3%
Median Home Sale Price YoY Change
10%
How to Buy a Home How to Finance a Home How to Sell a Home

In Melrose, there are currently 2 parcels of land for sale, offering a unique opportunity for potential buyers to build their dream home or invest in private land. Whether you're in the market for a lot for sale to construct a custom home or looking to invest in substantial acreage, there are options to cater to different needs. With the chance to build your dream home on private acreage, explore land for sale in Melrose, MA and turn your vision into reality.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2026 CoStar Group