Property Photo: 283 Melrose Street MA 02466

Listing Courtesy of: MLS PIN / Coldwell Banker Realty / Ward Shifman

283 Melrose Street Newton, MA 02466

Active (3 Days)

$16,500,000 ^(USD)

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Description

**Rare By-Right Opportunity** - Set in the heart of Auburndale Village, 283 Melrose Ave offers approximately 43,783 ± sq ft of VC2-zoned land steps to village shops and a short distance to the Commuter Rail. The newly created VC2 district is designed to encourage housing and mixed-use density in Newton’s village centers - making this one of the rare, well-located sites positioned to capitalize on that vision. The property presents multiple paths for value creation, including the potential to sub-divide the lot and pursue multiple buildings up to 3.5 stories with tight setbacks. With two existing condemned structures on site, the offering is being marketed as land for redevelopment. This is a unique opportunity to deliver much-needed residential or mixed-use product in a walkable, transit-served location - an ideal canvas for modern village-center living. More details are available.

MLS #:
73487467

Lot Size
1.01 acres

Type
Multifamily

Year Built
2020

County
Middlesex County

Listed By

Ward Shifman, Coldwell Banker Realty

Source
MLS PIN
Last checked Mar 20 2026 at 7:40 AM EDT

Bathroom Details

Lot Information

Level
Corner Lot

Property Features

Fireplace: 0
Foundation: Concrete Perimeter

Utility Information

Utilities: Water: Public
Sewer: Public Sewer

School Information

Elementary School: Williams
Middle School: Brown
High School: South

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Location

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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Mortgage calculator estimates are provided by Coldwell Banker Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

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