71-73 Grove St Melrose, MA ^$ 1,499,000

71-73 Grove St

^$ 1,499,000

Back to search

Recently Listed

71-73 Grove St

Melrose, MA, 02176

^$ 1,499,000

Studio Baths0.0

Monthly Estimate*

^$ 9,230

71-73 Grove St, Melrose, MA 02176 - Image 1

71-73 Grove St, Melrose, MA 02176 - Image 2

71-73 Grove St, Melrose, MA 02176 - Image 3

71-73 Grove St, Melrose, MA 02176 - Image 4

71-73 Grove St, Melrose, MA 02176 - Image 5

71-73 Grove St, Melrose, MA 02176 - Image 6

Studio

Lots and Land for sale in Melrose, MA

for $1,499,000. The lot size is 0.13.

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.

Lots and Land Active

Price

^$ 1,499,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 6,571

Style

Level,Curbs & Gutters,Storm Drains,Sidewalks

Lot Size

0.13

Town/City

Melrose

County/Region

Middlesex

MLS | Web ID

73479049

List By

Neal Ryan

Listing Agent

Thread Real Estate, Llc

Broker

Affordability Calculator

$9,777

Per Month

Monthly Principal & Interest: $9,230
Monthly Property Taxes: $548
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends

Lots and land listings in Melrose, MA

Average List Price ^$899,450

Percent of Sale Price 40%

About Melrose, MA

28,981 Population

7% Since 2002

^$89,874 Median Income

44.24 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

MLS Property Information Network, Inc rules require that you sign in here to see more detail on this property.

Pricing History

Date	Price	Price Change	Description
2/20/2026	$1,499,000		Listed Price

Map

More homes like this one

homes for you

See all

71-73 Grove St, Melrose, MA, 02176 is a Lots and Land for sale at $1,499,000 with a lot size of 0.13. 71-73 Grove St is a studio with 0.0 baths. The property's zip code is 02176 which is in Melrose, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 2/22/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

71-73 Grove St

Lots and Land for sale in Melrose, MA

Affordability Calculator

Neighborhood & Schools

Map

More homes like this one

Get more info about this home