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$16,500,000

  • For Sale
  • Active
  • Multi-Family
  • 1.01 Acres
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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.

Full Property Details for 283 Melrose St

General

  • Price: $16,500,000
  • Taxes: (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MLSPin
  • MLS ID: 73451393
  • Updated: 11/9/2025
  • Added to Site: 74 day(s) ago

Parking

  • Parking Features: Paved Drive

Location

  • Area: Auburndale
  • County: Middlesex
  • Driving Directions: Auburn Street to Melrose

School Information

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

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Basement: Yes
  • Basement Desc.: Full
  • Stories/Levels: 0
  • Square Feet: 100
  • Sq. Ft. Source: Public Records
  • Year Built: 2020

Lot Features

  • Lot Size (Acres): 1.01
  • Lot Dimensions: 1.01
  • Lot Features: Corner Lot, Easements, Zero Lot Line, Level

Water Features

  • Water Front Desc.: River, 3/10 to 1/2 Mile To Beach

Financial Considerations

  • Price Per Sq. Ft.: $165,000
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures/Rstr.: Buyer to perform its own due diligence regarding zoning, subdivision feasibility, dimensional standards, permitting, & all municipal approvals. Active Chapter 11 case. Sale subject to Bankruptcy Court approval & procedures (including higher/better offers). Closing subject to court scheduling.
  • Property ID: 690440
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 283 Melrose St —

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 283 Melrose St

School District:Newton School District
NameGradesDistance
Burr Elementary School
171 Pine Street, Newton, MA 02466
K-50.5 mi
F A Day Middle School
21 Minot Place, Newton, MA 02460
6-82 mi
Newton North High School
457 Walnut Street, Newton, MA 02460
9-122.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 283 Melrose St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/05/2025
Listed
$16,500,000
39.98%
MLS
2/21/2018
Sold
$11,787,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 283 Melrose St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$26,165
-42%
$2,669,900
-26%
2022
$44,989
—
$3,588,800
3%
2022
$44,989
—
$3,484,200
55%
2022
$44,989
-1%
$2,255,100
—
2021
$45,373
1%
$2,255,100
—
2020
$44,922
—
$2,255,100
—
2019
$44,967
7%
$2,255,100
11%
2018
$41,910
—
$2,032,500
3%
2017
$42,002
30%
$1,974,700
34%
2016
$32,307
-2%
$1,472,500
—
2015
$32,955
88%
$1,472,500
95%
2014
$17,522
—
$755,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 283 Melrose St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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283 Melrose Street, Newton, MA 02466 (MLS# 73451393) is a Multi-Family property with 0 units containing 0 bedrooms and 0 full bathrooms. 283 Melrose Street is currently listed for $16,500,000 and was received on November 05, 2025. This property is listed by Ward Shifman from our Brookline-Newton-Chestnut Hill Regional Office.Want to learn more about 283 Melrose Street? Do you have questions about finding other Multi-Family real estate for sale in Newton? You can browse all Newton real estate or contact a Coldwell Banker agent to request more information.

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