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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 2 |
| Living area | 2,864 sqft |
| Lot size | 11,805 sqft |
| Year built | 1884 |
| Price / sqft | $349 |
| County | Middlesex |
| MLS # | 73579211 |
Listing status
| Days on market | 0 days |
| Listed on | September 17, 2026 |
Taxes & financials
| Annual property tax | $10,502 |
| Tax year | 2026 |
| Assessed value | $915,600 |
| Zoning | SRB |
| Total actual rent | $0/mo |
Building & lot
| Stories | 2 |
| Total rooms | 11 |
| Lot size | 0.27 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Paved Drive, Off Street, Deeded, Paved |
| Basement | Full, Unfinished |
| Foundation | Stone |
| Roof | Asphalt/Composition Shingles |
| Construction | Frame |
| Flooring | Wood, Carpet, Hardwood |
Utilities & systems
| Heating | Forced Air, Electric, Oil |
| Cooling | Window Unit(s) |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Electric Range, for Electric Oven |
| Appliances | Range, Refrigerator |
Location
More about investing in Melrose →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 131 Altamont Ave, Melrose MA 02176 have?
It is a 2-unit multi-family property with 2,864 sqft of living area, built in 1884.
How long has 131 Altamont Ave, Melrose MA 02176 been on the market?
131 Altamont Ave, Melrose MA 02176 has been listed for 0 days (since September 17, 2026).
What is the price per unit?
At a list price of $999,000 across 2 units, that works out to roughly $499,500 per unit.
What are the property taxes on 131 Altamont Ave, Melrose MA 02176?
Annual property taxes are $10,502 (2026), on an assessed value of $915,600.
What is the price per square foot?
At $999,000 for 2,864 sqft, that's about $349 per square foot.
Is there parking?
4 total parking spaces (paved drive, off street, deeded, paved).
Where is this property located?
131 Altamont Ave, Melrose MA 02176 is in Melrose, Middlesex County, MA 02176.
