INNOVATE Real Estate
Condominium at 340 Main Street # 501, Melrose MA 02176
Condominium at 340 Main Street # 501, Melrose MA 02176, photo 2 of 11
Condominium at 340 Main Street # 501, Melrose MA 02176, photo 3 of 11
Condominium at 340 Main Street # 501, Melrose MA 02176, photo 4 of 11
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Condominium at 340 Main Street # 501, Melrose MA 02176, photo 6 of 11
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Condominium at 340 Main Street # 501, Melrose MA 02176, photo 9 of 11
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Condominium at 340 Main Street # 501, Melrose MA 02176, photo 11 of 11
11 photos

$2,100

340 Main Street # 501, Melrose MA 02176
Melrose, MA 02176
Bedrooms
1
Bathrooms
1
Living area
624 sqft
Year built
1970

About this home

One bedroom, one bath corner unit for rent at Melrose Place. This unit has been painted throughout and has newly installed wood floors. Great views of downtown Melrose, T stop at the front of the building and West Wyoming commuter train stop around the corner. Common laundry for all residents on the fourth floor. Security system in all common areas including garage. Intercom entry system and locked access. Walk out the front door door and go left to all the stores, pizza shops, fine restaurants, banks etc just steps away.

Property details

MLS
MLS Property Information Network
MLS #
73520050
Property type
Condominium
Subdivision
N/A
Status
Active
Days on market
168
On market date
May 15, 2026
Stories
N/A
Total bathrooms
1
Garage spaces
N/A
Parking spaces
1
Lot size
9,999 sqft

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Lincoln
0.21 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
404
Student:teacher ratio
12.2:1
District
Melrose
Middle
Melrose Middle
0.85 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
844
Student:teacher ratio
14.3:1
District
Melrose
High
Melrose High
0.85 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
923
Student:teacher ratio
13.4:1
District
Melrose

Walkability

Blended score for Melrose's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

94
Highly walkable
out of 100
EPA National Walkability Index
18.0 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks20
Schools19
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in Melrose, from live MLS data.

On the market 168 days -- 92 more days than Melrose's current average of 76 days.
For reference, the median list price across 159 active listings in Melrose right now is $719,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$163/mo
$420 down
$1,680 loan
Principal & interest$11
Property tax (est.)$2
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated May 19, 2026.

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.