
131 Altamont Ave Melrose — Photo 1 of 33
$999,000
131 Altamont Ave, Melrose, MA 02176
Melrose, MA 02176
Beds
6
Baths
2
SqFt
2,864
Style
2 Family - 2 Units Up/Down
Built
1884
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.
Market Value Analysis
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Melrose, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Neighborhood
Shopping • Highway Access • Public School
Geography
Population
29,650
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$134K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
32.8%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Middlesex County
2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: The Bill Butler Group
Listing Office: Leading Edge Real Estate
MLS® Number: 73579211
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