131 Altamont Ave Melrose, MA ^$ 999,000

131 Altamont Ave

^$ 999,000

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Recently Listed

131 Altamont Ave

Melrose, MA, 02176

^$ 999,000

Bedrooms6 Baths2.0 Sq 2,864

Monthly Estimate*

^$ 6,308

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Multi-Family Home for sale in Melrose, MA

for $999,000 with 6 bedrooms and 2 full baths. This 2,864 square foot home was built in 1884 on a lot size of 0.27.

Two-family home at 131 Altamont Ave in Melrose, Massachusetts, offering 6 bedrooms, 2 bathrooms, and 2,800+ square feet across two units with great bones and strong renovation potential. Each unit features its own separate systems, hardwood flooring throughout most of the home, and high ceilings that add volume and light to both living spaces. Every unit also includes its own private deck, providing separate outdoor space for both households. Two separate driveways offer off-street parking for up to two cars per unit — a valuable feature in Melrose. The home needs updating throughout, making it well-suited for an owner-occupant or investor looking to build equity through renovation. Located on a street surrounded by luxury single-family homes in one of Melrose's most desirable neighborhoods, this 2,800+ square-foot two-family sits in a thriving Massachusetts market with strong long-term upside. A rare opportunity to reimagine 6 bedrooms and 2 baths across two units in a premier Melrose location.

Multi-Family Active

Price

^$ 999,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 10,502

Style

2 Family - 2 Units Up/Down

Lot Size

0.27

Year Built

1884

Town/City

Melrose

County/Region

Middlesex

MLS | Web ID

73579211

List By

The Bill Butler Group

Listing Agent

Leading Edge Real Estate

Broker

Affordability Calculator

$7,183

Per Month

Monthly Principal & Interest: $6,308
Monthly Property Taxes: $875
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% 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.

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Trends

Multi-family listings in Melrose, MA

Average List Price ^$1,109,400

Percent of Sale Price 11%

About Melrose, MA

28,981 Population

7% Since 2002

^$89,874 Median Income

44.24 Median Age

29% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
9/17/2026	$999,000		Listed Price

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131 Altamont Ave, Melrose, MA, 02176 is a Multi-Family Home for sale at $999,000 with 2,864 sqft and a lot size of 0.27. 131 Altamont Ave has 6 bedrooms, 2.0 baths, and was built in 1884. 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 6.49% 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 9/24/2026.

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.

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131 Altamont Ave

Multi-Family Home for sale in Melrose, MA

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