2 Family - 2 Units Up/Down at 131 Altamont Ave, Melrose MA 02176, Melrose
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33 photos

$999,000

131 Altamont Ave, Melrose MA 02176
Melrose, MA 02176
Listed by The Bill Butler Group
Bedrooms
6
Bathrooms
2
Living area
2,864 sqft
Year built
1884

About this home

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

MLS #
73579211
Property type
2 Family - 2 Units Up/Down
Subdivision
N/A
Status
Active
Days on market
7
On market date
September 17, 2026
Stories
2
Total bathrooms
2
Garage spaces
N/A
Parking spaces
4
Lot size
0.27 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Winthrop
0.64 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
398
Student:teacher ratio
16.6:1
District
Melrose
Middle
Saugus Middle School
1.26 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
608
Student:teacher ratio
15.6:1
District
Saugus
High
Saugus High
0.86 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
694
Student:teacher ratio
15.8:1
District
Saugus

Walkability

Blended score for Melrose's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

48
Somewhat walkable
out of 100
EPA National Walkability Index
9.5 / 20 -- Below average walkable

Mortgage calculator

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Est. monthly payment
$6,166/mo
$199,800 down
$799,200 loan
Principal & interest$5,184
Property tax (est.)$833
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 4 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.