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$8,250,000 -$749,000 (-8.32%) Price Reduced

  • For Sale
  • Active
  • Commercial
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Set in the heart of Auburndale Village, this site 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 4 stories with tight setbacks. This is a unique opportunity, don't miss out! **Rare By-Right Opportunity** This is a Broker marketed sale by Trustee and authorized by bankruptcy court. Sale by order and Trustee deed but otherwise as is, where is. Will sell with clear title, marketable insurance and free of liens and encumbrances.

Full Property Details for 283 Melrose St

General

  • Price: $8,250,000
  • Taxes: (2025)
  • Status: Active
  • Type: Commercial
  • Source: MLSPin
  • MLS ID: 73506948
  • Updated: 7/28/2026
  • Added to Site: 95 day(s) ago

Business

  • Business Type: 5+ Residential

Location

  • Area: Auburndale
  • County: Middlesex
  • Driving Directions: Auburn or Comm Ave to Melrose

Structural Information

  • Year Built: 2020

Lot Features

  • Lot Size (Acres): 1.01
  • Lot Dimensions: 1.01
  • Zoning: Other (See Remarks)

Financial Considerations

  • 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 Bankruptcy 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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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
Williams Elementary School, Newton, MA
141 Grove Street, Newton, MA 02466
K-50.3 mi
Charles E Brown Middle School
125 Meadowbrook Rd, Newton, MA 02459
6-84 mi
Newton South High School
140 Brandeis Road, Newton, MA 02459
9-123.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions 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
7/28/2026
Price Reduced
$8,250,000
-8.32%
MLS
4/24/2026
Listed
$8,999,000
-23.66%
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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Price Reduced near 283 Melrose St

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958 Belmont St, Watertown, MA 02472 - Photo 1 Price Reduced
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958 Belmont St  #958  Watertown, MA 02472

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204-206 School St, Watertown, MA 02472 - Photo 1 Price Reduced
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204 School St, Watertown, MA 02472 - Photo 1 Price Reduced
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204 School St  Watertown, MA 02472

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Recent Sales near 283 Melrose St

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Listed and Sold by Melissa Dailey

283 Melrose Street, Newton, MA 02466 (MLS# 73506948) is a Commercial property. 283 Melrose Street is currently listed for $8,250,000 and was received on April 24, 2026. 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 Commercial 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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